Fasken Joins Open Cap Table Coalition
TORONTO, ON – Fasken has joined the Open Cap Table Coalition, along with 27 companies including banks and equity management providers. The Firm is the only Canadian-based international law firm member.
The Open Cap Table Coalition aims to improve startup cap table data through standardization, transparency and portability. Ecosystem members were invited to join the coalition to diversify perspectives and broaden the number of voices helping to initiate this next era of capitalization data management.
“An open cap table format would help startups like our clients streamline processes for capitalization data management right from the start and establish continued efficiency as they grow—a less fragmented approach is also a benefit for attracting investors,” said Jean-Nicolas Delage, Partner, Co-leader, Technology, Media and Telecommunications, Fasken. “We look forward to working with the ecosystem leaders in the coalition.”
Members have agreed to the three Open Cap Table principles and are helping the coalition gear up to launch the first iteration of an open-sourced cap table format that aims to prioritize companies’ changing needs and help the ecosystem become more efficient.
The Emerging Technology Group at Fasken works with startups and companies seeking to accelerate the growth of their innovative business with technology and financing. The team provides comprehensive legal services across the country for startups, venture capitalist firms, angel investors and academic institutions, and assists with financing in the United States. It also advises international tech companies and investment firms looking to expand or invest in Canadian tech companies.
About the Coalition
The Open Cap Table Coalition aims to improve the interoperability, transparency, and portability of startup cap table data.
About Fasken
Fasken is a leading international law firm with more than 800 lawyers and 10 offices on four continents. Clients rely on us for practical, innovative and cost-effective legal services. We solve the most complex business and litigation challenges, providing exceptional value. For additional information, please visit our website at fasken.com.
Media Contact
Geneviève Chalifour
Media Relations Specialist
+1 514 871 5987
gchalifour@fasken.com
Original source here.