Wednesday, March 6, 2013

CapLinked Looks To Challenge Data Room Services With Update

CapLinked, the Los Angeles-based developer of enterprise software for managing M&A transactions, venture deals, and other business deals, is aiming squarely at legacy, virtual data room services with its latest updates. The firm announced this morning it has launched a new set of deal features, aimed at the enterprise, which help clients manage all kinds of business deals. Those features include iPad compatibility, bulk uploading of files, secure communications and conversations, custom branding, and automated PDF report generation features.

The new features are an outgrowth of the evolution of CapLinked from providing its services to startups and venture capital firm, to large clients like Thomson Reuters, Sun Capital Partners, AI Verified, NextView Ventures, and Equity partners CRB. The company is now focused on providing a platform to help streamline deals like asset sales, financings, and mergers & acquisitions, according to the company.

CapLinked is headed by Eric M. Jackson, an early employee of PayPal; the firm also has backing from investors such as FF Angel, Hercules Growth Fund, Siemer Ventures, 500 Startups, and Peter Thiel (co-founder of PayPal), along with other members of the so-called "Paypal Mafia".

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