eShares raises $42 million to manage equity compensation and investments

TechCrunch | 10/11/2017 | Katie Roof
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eShares wants to be the platform for all things equity.

From cap table management to secondary transactions, eShares’ software helps businesses like Slack, Flexport and Funding Circle keep tabs on their shares.

Startup - Series - C - Menlo - Ventures

The startup is raising a $42 million Series C, led by Menlo Ventures and Social Capital. Matt Murphy from Menlo Ventures and Arjun Sethi from Social Capital will be joining the board.

Murphy said he invested in eShares because of its “vision about building the ownership graph, which makes it easier to track, value, understand, and ultimately trade/monetize ownership.”

EShares - Subscription - Business - Model - Equity

eShares has a subscription business model for its equity management software and works with 6,000 companies on corporate governance and compliance. It can also issue stock to investors electronically.

And now eShares is hoping to work with companies on the IPO process. CEO Henry Ward told TechCrunch that “our job is to blur the lines of being public and private to make them almost indistinguishable.” He hopes...
(Excerpt) Read more at: TechCrunch
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