Ledgy secures fresh capital
Swiss venture capital firms btov Partner and VI Partners participated in the latest financing round, as did Creathor Ventures from Germany and several private investors such as Doodle founder Myke Naef, according to Ledgy's twitter account.
The Zurich-based startup has developed a software that allows companies to manage their shareholder register and employee participation. In the medium term, Ledgy aspires to become a leading online platform for the digitalization of equity management.
“Ledgy sets a new standard for managing the equity of companies in Europe,” said Ben Brandt, CEO of Ledgy, adding that companies in Europe give their employees less shares than in the US. According to Brandt, employee participation “is critical to an emerging startup ecosystem”.
With its software, Ledgy wants to provide European companies the tools needed to facilitate the management of employee participation. It intends to use the new funding to expand into Germany, France and the UK. In Switzerland, Ledgy’s software is already being used by around 200 companies since it was launched just a few months ago.