Carta raises $80 million in series D; valued at $800 million

Carta CEO Henry Ward

Carta raised $80 million in Series D, led by Meritech and Tribe Capital, with participation from existing investors. With this new capital, investors valued Carta at $800 million.

Founded in 2012, the company changed its name to Carta from eshares last year. Its software helps companies keep tabs on shares from cap table management to secondary transactions. Last year Menlo Ventures and Social Capital made series C investment in the company.

It helps private companies, public companies, investors, and employees manage equity and ownership. Carta provides electronic securities for employees and investors in addition to a host of ownership management products for private, venture-backed companies.

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The new funds will be used to expand the focus to transform how ownership management works for investors and public companies.

“We will launch additional products for investors, especially for collecting data from their portfolio companies and managing their back office. We’ll also continue to develop our transfer agent and equity administration products and services, so when private companies using Carta go public, they have a smooth transition to a best-in-class product, ” said Emily Kramer, Carta’s VP of Marketing in a blog post.

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The company completed more 409A valuations than any other provider and grew from 310 employees to 450 employees. Its gender gap in equity was covered in the Wall Street Journal, Fast Company, Bloomberg, and more than 60 other publications.

In 2019, the company plans to

  • Support a large number of IPOs
  • Doubling the educational content and product enhancements for employee shareholders
  • Develop partnerships with lawyers and venture capital firms to better support companies as they scale
  • Scaleup the Carta team.

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