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Quoroom acquires Investory to scale up its capital-raising platform for startups
These days, private investors have a range of options for investing in startups without having to deal with them in real life. This ecosystem more or less
This ecosystem more or less started with AngelList, but there are now a plethora of options — such as Carta, Allocations, Vauban and Odin — that startups can use to raise funding and investors can deploy to manage their transactions. Although terms of the deal were undisclosed, the acquisition means Quoroom will now count more than 30 funds and angel investor groups as customers, and have around 1,000 companies using its infrastructure for cap table management and updates. Quoroom tries to solve those problems by integrating deal management, compliance, legal documentation, portfolio monitoring, investor relations and exit distributions into a single platform.
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