A South Korean startup called QuotaLab is on a quest to follow in the footsteps of Carta, the cap table management company that’s used by a host of startups and investors in the U.S.Carta started life as “eShares” in 2012 as a cap table management service that startups could use to issue equity to their investors and employees.
Today, its stable of offerings has expanded to include everything from valuation and equity management, to bookkeeping, risk assessment and brokerage services.
A Y Combinator alum, QuotaLab also started off as an equity management service (called QuotaBook) for startups and investors in South Korea.
It also offers investment management such as investments, returns, asset changes, markdowns, valuations, accounting, e-approvals and risk management,” Choi added.
According to Choi, the equity management market has many sides you can tackle.
Gbike acquired a local micromobility platform called ZET from Hyundai Motor for an undisclosed amount last year to bolster its technological synergies.
Gbike posted an EBITDA of $40 million and revenue of $13.7 million in 2022, Yoon said.
“Based on this fully integrated capability, we set out our vision to innovate the micromobility ecosystem through battery-[swapping] infrastructure.
One of the things that set Gbike apart from its competitors is its capability to build its own vehicles — e-scooters, e-bikes and batteries, Yoon mentioned.
Gbike launched its own-developed e-bikes in May last year and now operates a fleet of 35,000 e-bikes.
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