What does Vinyl Equity do?
Vinyl Equity is a SEC-registered transfer agent that offers modern infrastructure and services including share registry, dividend plan management, proxy voting, and compliance for public companies and firms preparing for IPOs. Its cloud-native platform leverages AI-powered automation to streamline critical administrative tasks such as document handling, data verification, and maintaining accurate shareholder records.
How much did they raise?
The company raised $11.5m in Seed funding, with the round led by Index Ventures and Spark Capital and participation from Infinity Ventures, Cambrian Fintech, and other angel investors.
What are their plans for the money?
With the new funds, Vinyl Equity plans to expand its operations and enhance its development efforts, aiming to further modernize its platform and provide more efficient solutions to public companies and those preparing for IPOs, thereby strengthening its market position.
What have they achieved so far?
Vinyl Equity has established itself as a leading transfer agent by serving major clients across the Nasdaq, NYSE, and OTC Markets, and its recent appointment of former JP Morgan Vice President Joe Conte as Head of Partnerships further underscores its growth and strategic progress.
