# Quota Lab, Inc.

> Quota Lab, Inc. is a Seoul-based fintech company behind QuotaBook, a cloud equity-management platform that digitizes cap tables, stock options, RSUs and fund reporting for startups and investors. Founded in 2019 by former venture capitalists and graduated from Y Combinator's Winter 2021 batch, it has become the default equity-management infrastructure for a large share of Korean startups and VC funds, and is often described as the 'Carta of Asia.'

- **Founded:** 2019
- **Headquarters:** Seoul, South Korea
- **Founders:** Andy Choi (CEO / Co-founder), Dan Hong (Co-founder), Pilseon Jun (Co-founder)
- **Team size:** ~45-50 (2022)
- **Products:** QuotaBook, QuotaBook Fund Management, RSU Management, QuotaSpace, KEAPS
- **Notable:** Graduated Y Combinator Winter 2021 batch, Raised ~$20M total, including an $11M Series A led by Elefund (Aug 2022), Reached roughly 40% adoption among Korean startups for cap table management

## Products & services

- **QuotaBook** — Cloud equity-management platform for startups: cap table management, stock option administration, investor reporting, shareholder and board meeting support, and equity certificate digitization.
- **QuotaBook Fund Management** — Fund and portfolio management tools for investors (GPs/LPs): fund information, investment tracking, portfolio monitoring, and LP reporting.
- **RSU Management** — Restricted stock unit administration service for companies offering equity compensation, including a domestically-first virtual stock (phantom equity) service.
- **QuotaSpace** — A communication platform layer connecting startups and their investors around shared equity and reporting data.
- **KEAPS** — A platform to standardize investment and fund management workflows across GPs and LPs.

## Achievements

- Graduated Y Combinator Winter 2021 batch
- Raised ~$20M total, including an $11M Series A led by Elefund (Aug 2022)
- Reached roughly 40% adoption among Korean startups for cap table management
- First domestic launch of a virtual stock service for equity compensation (Feb 2024)
- 2024 Herald Economics Capital Market Awards - Service Innovation
- 2025 Korea Economic Daily FinTech Award - Technology Excellence

## Latest updates

- **2024-02** — Launched Korea's first virtual stock (phantom equity) service for equity compensation.
- **2024** — Won Herald Economics Capital Market Awards for Service Innovation.
- **2025** — Won the Korea Economic Daily FinTech Award for Technology Excellence.

## Links

- Website: https://quotalab.com
- LinkedIn: https://www.linkedin.com/company/quotalab/
- GitHub: https://github.com/quotabook

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Profile page: https://yespress.io/quota-lab-inc
Published by YesPress — https://yespress.io
Last updated: 2026-07-30