European Private Markets Are Formalizing — Ownership Can No Longer Live in Email and Excel
Alternativa is a Core Investment of Katalysen; positioned as modern infrastructure for Europe’s unlisted equity markets, enabling regulated digital ownership, administration, and transactions.
Market Shift: Private markets are now larger than public markets, and institutionalizing fast
Across Europe, capital formation is increasingly happening outside public exchanges — yet ownership structures remain fragmented and manually administered. Regulatory expectations are rising, and private companies are now expected to operate with public-market discipline even before listing.
Strategic Positioning: Replacing excel-based private share infrastructure with regulated digital rails
Alternativa enables companies to manage shareholders, transactions, and regulatory documentation through a secure and compliant platform — reducing friction and eliminating the operational opacity of manual workflows. It is infrastructure, not tooling — built for legal, financial, and regulatory alignment.
Solution Edge: A full-stack platform for ownership administration and transaction execution
What began as a leading digital cap table system (via eAktiebok) has evolved into a broader infrastructure layer that supports capital raises, liquidity events, shareholder engagement, and secondary transactions — designed to be interoperable with the coming wave of regulated digital securities.
Team & Moat Logic: Deep institutional and regulatory experience, trusted by thousands of companies
Alternativa is built and led by a team with long operational history in regulated financial services and digital shareholder systems. The platform is already trusted by a significant base of unlisted European companies, providing strong incumbency advantages in a market now waking up to compliance risk.
Traction & Forward Motion: Growing platform adoption and expanding into structured transaction workflows
Alternativa continues to expand its role beyond static shareholder records into dynamic capital events and transaction enablement — evolving into infrastructure that institutional investors expect as standard when entering private markets at scale.