Total amount raised
$1.2 Billions
Latest funding date
Location
Carta has successfully raised significant funding through multiple rounds, including its latest Series G. The platform offers a comprehensive suite of software and services for managing equity, fund administration, and other financial operations for private companies and investors.
Keep reading to explore the intricacies of Carta's fundraising journey and the investors backing this innovative platform.
What Is Carta?
Carta, founded in 2012 by Henry Ward and Manu Kumar, is headquartered in San Francisco, California. The company specializes in providing a global ownership management platform that helps companies, investors, and employees manage equity and ownership.
With a workforce of 1001-5000 employees, Carta digitizes paper stock certificates, stock options, warrants, and derivatives to create a real-time image of ownership at startups. This enables private companies to manage equity electronically with the participation of shareholders, employees, auditors, and legal counsel.
For more information, you can visit their official website or their Crunchbase profile.
How Much Funding Has Carta Raised?
- Series A
- Amount Raised: $6.8M
- Date: January 2015
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and expand the team.
- Series B
- Amount Raised: $17M
- Date: August 2015
- Lead Investors: Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series C
- Amount Raised: $42M
- Date: October 2017
- Lead Investors: Menlo Ventures, Social Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and improve technology infrastructure.
- Series D
- Amount Raised: $80M
- Date: December 2018
- Lead Investors: Meritech Capital Partners, Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development and enter new markets.
- Series D
- Amount Raised: $30M
- Date: February 2019
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance service offerings.
- Series E
- Amount Raised: $300M
- Date: May 2019
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand globally and invest in new technologies.
- Series F
- Amount Raised: $180M
- Date: May 2020
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and support customer growth.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and partnerships.
- Series G
- Amount Raised: $500M
- Date: August 2021
- Lead Investors: Silver Lake
- Valuation at Round: $7.4B
- Motivation Behind the Round: To leverage investor expertise and expand market presence.
Total Amount Raised: $1.1558B. Current Valuation: $7.4B.
Key Investors
- Silver Lake
- Details: Silver Lake is a global leader in technology investing, focusing on large-scale investments in technology and tech-enabled industries. They led Carta's $500 million Series G funding round, significantly contributing to Carta's valuation of $7.4 billion.
- Investment Focus Areas: Technology, tech-enabled industries, software.
- Notable Investments: Airbnb, Dell Technologies, Twitter.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a venture capital firm known for backing innovative technology companies. They led Carta's $300 million Series E funding round.
- Investment Focus Areas: Software, fintech, healthcare.
- Notable Investments: Facebook, Lyft, Slack.
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that focuses on using data science to identify and invest in promising startups. They were key investors in Carta's Series F and Series D rounds.
- Investment Focus Areas: Fintech, enterprise software, consumer technology.
- Notable Investments: Slack, Carta, Bolt.
- Union Square Ventures
- Details: Union Square Ventures is a venture capital firm that invests in internet services and mobile applications. They were lead investors in Carta's Series A and Series D rounds.
- Investment Focus Areas: Internet services, mobile applications, fintech.
- Notable Investments: Twitter, Etsy, Coinbase.
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups at various stages. They led Carta's $17 million Series B funding round.
- Investment Focus Areas: Consumer technology, media, fintech.
- Notable Investments: Twitter, Oculus, Slack.
What's Next for Carta?
With the launch of CartaX, Carta is poised to revolutionize the secondary share market, offering a new platform for buying and selling shares in private companies. This innovation, combined with their existing suite of tools for cap table management and financial planning, positions Carta to capitalize on the growing complexity of startup fundraising. The fintech sector's robust activity, evidenced by significant funding rounds, underscores the vast opportunities available for Carta's continued growth.
Future fundraising seems promising, given the strong investor interest demonstrated in their recent $500 million Series G round. However, Carta will need to navigate regulatory challenges and maintain the security and accuracy of its financial data to sustain trust and stay ahead of competitors. As the company expands its product offerings and market reach, these challenges will be critical to address.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Carta and gather other critical business insights. Sign up for free today and elevate your sales strategy with the power of detailed, actionable information at your fingertips.
