NEW YORK, April 21, 2015 /PRNewswire/ -- Tsai Capital Corporation, a leading global equity manager headquartered in New York City, today announced the completion of a $3 million Series A Preferred Stock financing for untapt inc. Vetted by Tsai Ventures, the seed and early stage venture capital arm of Tsai Capital Corporation, the financing was led by Tsai Capital Corporation and its affiliates. The round also included participation from SenaHill Investment Group, LLC, and other investors. untapt is the first automated recruiting platform exclusively focused on connecting financial services companies with top tech talent.
Christopher Tsai, President and Chief Investment Officer of Tsai Capital Corporation, and Kyle Zasky, a partner with SenaHill Partners, LP, have joined untapt's board of directors.
"untapt is a game changer for top tech talent and thousands of businesses around the world," stated Tsai. "Moreover, untapt has a huge market opportunity, a superb business model and an experienced management team. We look forward to helping the company maximize its potential."
untapt is the only recruitment platform that focuses exclusively on the intersection of financial services and technology, where demand is exploding. untapt's proprietary algorithm connects a growing talent pool of highly qualified engineers with top financial services companies, both large and small, ensuring the right matches based on factors such as experience, skills and education overlaid with industry-specific analytics. The more companies and candidates use the system, the more it learns and can predict the best fit.
"This is a tremendously important moment for our business," said Ed Donner, co-founder and CEO of untapt. "The untapt platform has a proven track record of connecting talented software developers with companies ranging from FinTech startups and hedge funds to global investment banks. Now we are ready to scale. There are over 400,000 new tech jobs in global financial services each year and more than 15 million technologists worldwide; this Series A financing enables us to bring these two sides of the market together."
About Tsai Capital Corporation
Tsai Capital Corporation is a global equity manager headquartered in New York City. Through original, in-depth research that digs deep into a company's operations, Tsai Capital seeks long-term investments in a limited number of companies that Tsai Capital believes are high-quality, growth companies that offer significant upside potential and a margin of safety at the time of purchase. The company was founded in 1997 by Christopher Tsai, President and Chief Investment Officer. Tsai Capital is an SEC-registered investment adviser. For more information, visit tsaicapital.com.
About untapt inc.
untapt was founded by Ed Donner, a former Managing Director in technology at JP Morgan, Geoff Massam, a former CIO at Deutsche Bank, and Max Kantelia, an entrepreneur in recruitment and FinTech. The team has built the first automated recruiting platform exclusively focused on the financial services technology and FinTech space. untapt brings together top tech talent with the leading banks and financial institutions, hedge funds, and startups that need them, making a once-painful process simple. It offers a confidential, automated platform that leverages a proprietary algorithm to intelligently match companies and candidates, then connects them directly. This enables scalability and efficiency in the recruiting process – at a fraction of the cost. For more information, visit untapt.com.
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SOURCE Tsai Capital Corporation