Cake Equity, a Gold Coast-based startup that enables businesses to better manage their cap table, ESOP, and capital raises, has extended its seed round.

Cake was founded in 2018 to eliminate spreadsheets and PDFs with digital solutions to simplify equity-raising. Cake aims to double its team to over 30 staff in the next three years and is taking advantage of the maturing local ecosystem.

Cake will also look to grow internationally with help from the Queensland Government Enterprise Acceleration Fund. The start-up is already used by 100,000 investors and employees across 79 countries. The platform is handy for early-stage startups with small teams under five who can use the platform for free.

Due Diligence: QLD Gov Statement