Vienna, Austria -In a move to bolster its capital-raising platform for startups, Quoroom, a Ukrainian-founded company, has acquired Investory.io, a Vienna-based platform specializing in investment management for startups. While the financial terms of thedeal remain undisclosed, the acquisition significantly expands Quoroom’s reach, adding over 30 funds and angel investor groups to its client base and increasing itsuser count to approximately 1,000 companies.
The acquisition comes at a time when the venture ecosystem is experiencing rapid growth, leading to a fragmented and cumbersome investment management landscape. Syndicates and funds face challenges with disconnected tools,high legal fees, regulatory complexities, and limited access to fresh capital and new members. Quoroom aims to address these issues by offering a comprehensive platform that integrates deal management, compliance, legal documentation, portfolio monitoring, investor relations, and exit distributions.
Our key differentiator is simplifying the entire fundraising process, stated Ulyana Shtybel, Quoroom’s co-founder and CEO. We offer advanced tools like data rooms, investor CRM, soft-commitment forms, legal documents, and e-signing capabilities. Our payment reconciliation system also reduces closing timefrom four weeks to just one week.
Quoroom’s platform caters to both startups and investors. Startups benefit from streamlined legal documentation, including SAFEs, ASAs, and convertible note agreements, while VC funds can automate LLP agreements and leverage the platform’s KYC and AML checks. The platform also manages the SPVscreated for each deal.
The company’s acquisition of Investory.io marks a significant step in its mission to streamline the startup fundraising process. While Quoroom faces competition from established players like Carta, its focus on simplifying the entire investment lifecycle and its comprehensive suite of tools positions it as a strong contender in theevolving venture capital landscape.
The future of Quoroom:
With the acquisition of Investory.io, Quoroom is poised to become a major player in the startup fundraising space. The company plans to sunset the acquired platform over the next year, integrating its features into its own platform. Quoroom’s commitment to innovation and its user-friendly approach could make it a preferred choice for both startups and investors seeking a more efficient and transparent investment experience.
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Note: This article is based on the provided information and is intended to be a factual account of the acquisition. Further research and analysis may be necessary to provide a more comprehensive understanding of the topic.
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