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CapLinked Announces New Investors

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Deal management platform CapLinked announces new investors from FF Angel, 500 Startups, and Subtraction Capital. The company’s next-generation software speeds up complex business transactions such as mergers and asset sales.

Los Angeles, CA (November 20, 2013) — CapLinked (https://caplinked.com), the cloud-based platform that makes business transactions simple and secure, announced today that it had closed investments from Subtraction Capital, FF Angel, 500 Startups, and other investors in a $1 million expansion round. CapLinked’s software-as-a-service product gives companies a powerful and customizable solution for managing complex, sensitive interactions such as asset sales, financings, and mergers.

The company previously announced the close of its Series A round in the first quarter this year, at which time it had raised $3 million in total financing. 500 Startups and FF Angel (an early-stage fund operated by Founders Fund) both previously invested in CapLinked, as did Jason Portnoy, the founding partner of Subtraction Capital.

“We believe that CapLinked’s flexible and user-friendly software has the potential to revolutionize collaboration on deals and sensitive projects,” said Founders Fund partner Peter Thiel. “Legacy software can’t provide businesses with the custom workflow enhancements they need, which creates a huge opportunity for technology innovators like CapLinked. Their next-generation deal management platform simplifies collaboration and speeds up the execution of complex business transactions.”

The financing announcement comes at a time that CapLinked continues to grow rapidly. Last week, the company announced that it had been selected by business-broker Sunbelt Network as the deal management platform for Sunbelt’s nearly 100 offices nationwide. Earlier this month, CapLinked announced several new financial services clients, including alternative investment firm Kayne Anderson Capital Advisors. This builds on the momentum the company has displayed since exiting beta at the start of 2013. Previously disclosed clients include Thomson Reuters, Sun Capital, NextView Ventures, Edwards Lifesciences, Draper and Kramer, and Proprietary Capital.

Founded in 2010 by Eric M. Jackson (PayPal’s first U.S. marketing director) and Christopher Grey (a private equity executive), CapLinked enables its users to communicate and exchange data in a secure and confidential environment, complete with flexible permission controls and powerful activity reports. Its platform provides a modern and customizable alternative to the legacy technology of the 1990s – including virtual data rooms (VDRs), email, flash drives, and FTP – that are frequently used by businesses to manage deals and sensitive projects.

“As a new venture capital fund, we wanted to take advantage of the best tools on the market to help us run our business,” said Subtraction Capital partner Jason Portnoy, whose fund uses CapLinked to manage its investor communications. “CapLinked understands that optimizing the user experience is critical for software-as-a-service, and this vision has enabled them to build a powerful yet elegant platform. As funds, corporations, and banks seek out new tools to collaborate on transactions, CapLinked is poised to become the gold standard.”