Swiss equity management platform Ledgy announced that it has raised US$10 million during a Series A funding round led by Sequoia.
Ledgy’s existing investors and early supporters Myke Näf, Paul Sevinç, btov Partners, Creathor Ventures and VI Partners also participated in the round.
Angel investors who joined the round include Xavier Niel, Harry Stebbings, Visionaries Club, and several SaaS founders including UiPath’s Daniel Dines and Front’s Mathilde Collin.
Ledgy said that it will be looking to strengthen its presence in the rest of continental Europe as well as in the UK to finally establish a standard way for companies to manage ownership.
The firm will also increase its features to better support public companies as well, a number of them are on Ledgy already.
To support these expansion plans, Ledgy is looking to expand its team and is actively hiring.
Luciana Lixandru
Ledgy also announced that Luciana Lixandru, a Partner from Sequoia Capital will be joining its board of directors.
Yoko Spirig
“At Ledgy our mission is to empower teams to be owners. Our vision is to build the global platform for ownership.
We believe that entrepreneurs will be central to solving the world’s biggest challenges, and that democratising company ownership can be the difference between short-term growth and truly enduring success.”
said Yoko Spirig, Co-Founder and CEO of Ledgy.
Featured image: Ledgy’s team
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