eShares, a Silicon Valley-based provider of equity management software, has raised $41 million in Series C funding co-led by Social Capital and Menlo Ventures.
Why it matters: Because proceeds will be used to help eShares expand beyond private company stock management. CEO Henry Ward says that the company already has deals with some VC-backed startups to manage their public stock ledgers post-IPO, with hopes someday of possibly launching its own exchange.