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The deal allows Carta to muscle in on Capdesk’s network of European startups, gaining a foothold in the region while bypassing the varied regulatory requirements of different countries: Capdesk has already done that work for it.
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Capdesk also told Sifted it had been raising funds “from a position of runway strength” when the deal was reached. “A great price was reached, leaving both sides very happy with the transaction,” the spokesperson added.
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