qashqade AG Company Profile

Background

Overview

qashqade AG, founded in 2018 and headquartered in Zürich, Switzerland, specializes in providing software solutions for private market operations. The company offers an enterprise product suite that automates fee and waterfall calculations, as well as reporting for private funds, thereby replacing manual processes and reducing errors associated with spreadsheet-based methods. With additional offices in New York, London, and Budapest, qashqade serves a global clientele, including fund managers, administrators, investors, and advisors.

Mission and Vision

qashqade's mission is to enhance accuracy, transparency, and trust between General Partners (GPs), Limited Partners (LPs), and their beneficiaries in the private markets sector. The company's vision is to revolutionize private market operations by providing a modular solution capable of handling any asset class and complexity level, thereby streamlining financial processes and fostering better communication among stakeholders.

Industry Significance

In the private markets industry, accurate and transparent financial operations are crucial. qashqade addresses this need by offering a platform that automates complex calculations and reporting, reducing the reliance on error-prone manual methods. This innovation positions qashqade as a significant player in enhancing operational efficiency and trust within the private equity and alternative investment sectors.

Key Strategic Focus

Core Objectives

qashqade aims to:

• Automate complex fee and waterfall calculations to improve accuracy.

• Enhance transparency in financial reporting for private funds.

• Build trust among GPs, LPs, and beneficiaries through reliable and efficient processes.

Areas of Specialization

The company specializes in:

• Waterfall calculations

• Carried interest administration

• Cap table management

• Investor reporting

• LPA validation

Key Technologies Utilized

qashqade employs advanced technologies, including:

• Proprietary calculation engines for fee and waterfall computations.

• Cloud-based platforms for scalable and secure data management.

• Modular software architecture to accommodate various asset classes and complexities.

Primary Markets Targeted

The company's solutions are tailored for:

• Private equity firms

• Venture capital firms

• Fund administrators

• Institutional investors

• Advisors and law firms specializing in private markets

Financials and Funding

Funding History

qashqade has not publicly disclosed any external funding rounds. The company has been self-funded since its inception.

Financial Performance

In 2025, qashqade reported a revenue of $3.3 million, achieved with a team of approximately 30 employees.

Pipeline Development

Key Pipeline Candidates

qashqade's primary offerings include:

• Waterfall Calculation: Automates the calculation of management and performance fees, as well as LP distributions, considering specific rules and scenarios.

• GP Incentives Allocation: Manages carried interest calculations, reallocations, forfeitures, splits, and rescheduling of performance fees.

• Cap Table Management: Provides an overview of ownership structures and investment values, facilitating scenario modeling and forecasting.

Stages of Development

These modules are fully developed and integrated into qashqade's platform, offering comprehensive solutions for private market operations.

Target Conditions

The solutions are designed to address complexities in private equity, venture capital, and other alternative investment sectors.

Anticipated Milestones

qashqade continues to enhance its platform with regular updates, focusing on improving transparency, performance, and user experience. The latest release, version 25.0.0, introduced a redesigned engine and enhanced user interface.

Technological Platform and Innovation

Proprietary Technologies

qashqade's proprietary technologies include:

• A flexible calculation engine capable of handling various carry models and complex scenarios.

• A modular software architecture that supports scalability and adaptability to different asset classes.

Significant Scientific Methods

The platform utilizes advanced algorithms for:

• Automated fee and waterfall calculations

• Data validation and reconciliation

• Scenario modeling and forecasting

AI-Driven Capabilities

While qashqade's platform incorporates advanced algorithms for data processing and calculation, it does not specifically highlight AI-driven capabilities in its offerings.

Leadership Team

Executive Profiles

• Oliver Freigang: CEO & Co-Founder

• Professional Background: Over 30 years in financial services across Zurich, London, New York, and Düsseldorf. Former CEO of Equatex and Head of Business Development.

• Contributions: Led qashqade's strategic direction and growth since its inception.

• Gregor Kreuzer: CPO & Co-Founder

• Professional Background: Expert in waterfall calculations and distributions in private markets. Experience as product manager and IT leader.

• Contributions: Developed qashqade's core product offerings and oversees product development.

• Paul Foley: CTO

• Professional Background: Over 20 years in financial services, including trading, wealth management, private banking, and institutional crypto.

• Contributions: Responsible for product development and IT functions at qashqade.

• Stefano Blasin: CFO

• Professional Background: Over 25 years in senior finance positions across diverse industries. Formerly at PwC.

• Contributions: Joined qashqade in 2023 to enhance strategic financial management and business analysis.

• Péter Vass: CEO, Hungary

• Professional Background: Extensive experience in sales, operations, and service for private markets teams.

• Contributions: Leads qashqade's Hungarian office and global operations.

• David J. Wilson: Sales Director, EMEA

• Professional Background: Distinguished SaaS sales background in investment management fintech across Luxembourg, London, New York, and Boston.

• Contributions: Drives strategic growth and customer success in the EMEA region.

• Caroline Fink: Head of Marketing

• Professional Background: Extensive experience in private markets and financial technology.

• Contributions: Bridges the gap between industry challenges and innovative solutions in marketing.

Leadership Changes

As of December 31, 2025, there have been no publicly disclosed significant changes or appointments within qashqade's leadership team.

Competitor Profile

Market Insights and Dynamics

The private markets sector is characterized by complex financial structures and a growing need for automation to enhance accuracy and efficiency. The demand for solutions that streamline fee calculations, reporting, and compliance is increasing, presenting opportunities for companies like qashqade to expand their market presence.

Competitor Analysis

Key competitors in the market include:

• Dastra: A French platform specializing in data compliance solutions for private markets.

• Uphance: A U.S.-based software provider offering solutions for fashion brands, including inventory and sales management.

• Apperio: A UK-based platform focusing on legal spend analytics and matter management.

These competitors offer various solutions that intersect with qashqade's offerings, such as data management and financial reporting.

Strategic Collaborations and Partnerships

Significant Collaborations

• LeadingMile Consulting: In February 2024, qashqade announced a strategic partnership with LeadingMile Consulting, a European consultancy specializing in alternative investment solutions. This collaboration aims to enhance the company's capabilities and market reach within the private markets sector.