Tuesday, February 22, 2011
CapLinked Raises $525K From PayPal Mafia
Manhattan Beach-based CapLinked, the provider of an online service for managing equity fundraising and investor relationships, has scored a funding round from the "PayPal Mafia", the group of ex-PayPal founders, executives, and employees. CapLinked, which is headed by Eric M. Jackson--also an early PayPal employee--said it raised $525,000 from a group which was led by Peter Thiel, Joe Lonsdale of Palantir Technologies, Dave McClure of 500Startups, and Aman Verjee the CFO of Sonos.
Jackson said that the new funding will go to expand the firm's team, build out its technical side, continue product development, and scale up the business. "I'm really thrilled to have such a great gorup of investors and excited about building out the product, to help entrepreneurs and investors," Jackson told socalTECH, continuing, "Our success will be measured by helping lots of companies get funded, so they can create jobs and build big businesses."More information »