SAN FRANCISCO – 27th October, 2025– Qapita, a leading global equity management and private market platform today announced the strategic acquisition of Punch Financial, a leading provider of Fund Administration services for funds. This announcement follows Qapita's recent $26.5 million Series B round led by Charles Schwab and marks the company's continued expansion in delivering comprehensive financial solutions to private market participants.

This acquisition is a significant milestone in Qapita’s vision to build a comprehensive, full-stack platform serving the entire private market ecosystem—from startup incorporation and Equity Management to Fund Accounting and Liquidity Solutions. The integration of Qapita and Punch Financial will create a powerful offering for fund managers, and investors, combining AI-enabled technology with expert service delivery.

Combining Best-in-Class Fund Administration Solutions

Through this acquisition, Qapita will significantly enhance its Fund Management offering by integrating Punch Financial's fund accounting and administration services with its proprietary AI-led product suite. This combination will enable funds to streamline operations across fund setup, capital calls, distribution calculations, reporting, compliance, and LP engagement — all on a single digital stack.

Punch’s deep expertise in venture fund accounting and operations, combined with Qapita’s product innovation and automation capabilities, will redefine how fund administration is delivered to emerging and institutional funds alike.

Commenting on the acquisition, Ravi Ravulaparthi, Co-founder and CEO of Qapita, said:

“We are excited to welcome the Punch team to the Qapita family. Their deep fund admin expertise perfectly complements our technology-led approach. Together, we will empower fund managers and startups with a unified platform that simplifies ownership, fund operations, and financial management across the private markets ecosystem.”

Frank, Managing Partner & CFO of Punch Financial, added:

“Our vision at Punch has always been to simplify fund operations and offer a seamless investor experience for fund managers and LPs. Qapita's technology platform and global reach will enable us to scale our services while continuing to deliver the personalized, strategic guidance our clients depend on. Together, we're creating something truly unique in the market.”

Punch Financial will continue to independently offer its Virtual CFO services to support early and growth-stage startups.

About Qapita

Qapita is a leading global equity management platform for startups and listed companies. Qapita’s platform offers cap table management tools for startup founders and provides VCs with a holistic view of their portfolio companies, fund administration and portfolio valuation and reporting tools and helps facilitate LP engagement. Complementing their platform, Qapita offers equity compensation and stock plan design consulting services, valuations, and financial reporting expertise.

Learn more at www.qapita.com

About Punch Financial

Punch Financial is a leading U.S.-based accounting and financial operations firm specializing in outsourced accounting, CFO services, and fund administration for startups, venture funds, and high-growth companies. Founded to simplify and modernize financial management, Punch provides technology-driven solutions that integrate accounting, compliance, and reporting into a seamless client experience. With a commitment to accuracy, transparency, and partnership, Punch empowers founders, investors, and finance teams to focus on growth while maintaining financial clarity and control.

To learn more, visit www.punchfinancial.com.

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