Carta | News, Hiring, Layoffs, Competitors, CEO, Fundraising Insights

Carta is an ownership and equity management platform trusted by thousands of founders, investors, and employees. They provide solutions...


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Carta is an ownership and equity management platform trusted by thousands of founders, investors, and employees. They provide solutions for cap table management, equity management, valuations, and equity plans. Trusted by over 40,000 companies and 2 million users globally, Carta aims to unlock the power of equity ownership for more people.

Website
Headquarters
San Francisco, California
Size
1001-5000 employees
Industry
Software Development
Specialities
Cap Table Management, Equity Management, 409A Valuations, FAS123R/ASC 718 Reports, Private Markets, Public Markets, Founders, Compensation, Stock Option Exercising, Tender offers

πŸ›οΈ Carta Product and Pricing News β†’

πŸ‘” Carta CEO, Management and Leadership Team β†’

βš”οΈ Carta Alternatives and Competitors β†’

πŸ’Ό Carta Hiring and Layoffs β†’

πŸ€– Carta Developer, Integration and Automation News β†’

πŸ“ˆ Carta Financials, Fundraising and Valuation News β†’

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πŸ›οΈ Carta Product and Pricing News

  • Carta is expanding into Luxembourg to support founders and investment managers with software and expertise, as announced by Edwin Chan, Regional Head, Europe & UK.
  • Vyzer integrates with Carta to allow investors to manage their Carta holdings alongside other investments.
  • Carta introduced 'Deal Closings,' a tool that automates administrative tasks for financing rounds, enhancing efficiency and transparency for cap table customers.
  • Carta launched new tools and insights for private equity professionals, including reports on ownership trends and management-incentive equity, a waterfall whitepaper, and a case study with Kayne Anderson.
  • Carta launched Carta Deal Closings to automate fundraising for founders and law firms, offering real-time transparency and auto cap table updates.

  • Carta launched Carta Data Desk to simplify access to venture capital and startup data.
  • Carta launched Lead Generation Forms for Carta Maps, enabling seamless integration to capture user information and convert map visitors into leads.
  • Carta launched new equity plan benchmarks to help companies evaluate their equity usage versus peers.

πŸ‘” Carta CEO, Management and Leadership Team


βš”οΈ Carta Alternatives and Competitors

Monitor your competitors, clients, accounts, partners etc. with RivalSense AI


πŸ’Ό Carta Hiring and Layoffs

  • Carta's COO Tom Keiser will leave the company on August 9, 2024, after less than a year in the role.
  • Kristi Nyamathi has left Carta as Director to join Juniper Square as Principal Customer Success Management, Enterprise in the United States.
  • Saad Shahzad has left Carta as Director Pricing Strategy in the United States to join ServiceTitan as Senior Director Pricing Strategy.
  • Ashley (Howard) Neville has joined Carta as Insights Director in the United States, previously serving as Sr Brand Strategist for Executive, ITDM, & Data Leader Audiences at Salesforce.
  • Dan Rosenberg has left Carta, where he was an Investor in London, to join Nordic Capital as an Investment Director.

  • Michael Karges joined Carta as Account Director, Venture Capital in the United States after leaving PitchBook Data where he served as Account Manager, SMB.
  • Deirdre Ennis joined Carta as an Account Director in the United States, previously working as an Account Director in New York.
  • Thomas Schmorleiz returned to Carta as Director of Engineering, focusing on the fund admin business.

πŸ€– Carta Developer, Integration and Automation News

  • Carta collaborated with Ramp to feature in Times Square, promoting the future of private markets.
  • Carta launched an ESOP Playbook in partnership with AC Ventures to help APAC startups with equity and compensation strategies.
  • Market Square Ventures uses Carta for venture-administration support and attorney referrals.
  • Mito Health, a Pre-Series A Singapore startup, chose Carta to manage their cap table and ESOP, ensuring high operational standards and investor transparency, as confirmed by CEO Kenneth Lou.
  • Carta's Fund Administration team helped a client's CFO find the exact amount of proceeds from a sale within 20 minutes to avoid potential breaches of their LPA, enabling the client to participate as a follow-on investor in a round that closed 3 days later.

  • Base10 Partners switched to Carta for fund administration due to its real-time data transparency and efficiency, as highlighted by their Director of Finance, Jarred Morales-Mckinzie.
  • Carta integrated with Valor VC's AI platform Vic to enhance value delivery for LPs and founders.
  • Carta is supporting The Players Fund, the UK's first athlete-led VC fund, in their fund administration and global capital deployment.

πŸ“ˆ Carta Financials, Fundraising and Valuation News

  • Carta's latest report, 'First Cutβ€”State of Private Markets: Q3 2024,' reveals that median pre-money valuations and cash raised remained steady across the U.S. venture ecosystem.
  • Stock-trading startup Public has acquired the brokerage accounts of Carta’s secondaries business.
  • Carta released its Q2 report featuring insights on founder dilution.
  • As of Q2 2024, over 382,000 stakeholders across Carta’s 2,700-plus PE-backed businesses had received ownership interests, effectively doubling since Q2 2020.
  • In Q2 2024, 88% of all pre-seed deals on Carta were SAFEs, marking the largest quarterly split to date.

  • Carta reported that Q1 had the lowest VC deal volume, but Q2 saw a slight rebound with steady growth in cash raised.
  • Total fundraising grew to $20.9 billion in Q2 across all US startups on Carta.
  • Fundraising on Carta rose for three straight quarters, with SPV capital calls at around 20%.

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