Carta, a San Francisco, CA-based provider of a platform for companies to manage their equity, raised $300m in Series E funding.
The round, which post-money valued the company at $1.7 billion, was led by Andreessen Horowitz with participation from Lightspeed Venture Partners, Goldman Sachs Principal Strategic Investments, Tribe Capital, Menlo Ventures, Meritech, Tiger Global Management and Thrive Capital. In conjunction with the funding, Marc Andreessen will be joining Carta’s board.
The company intends to use the funds to continue to expand its reach.
Founded in 2012 as eShares by Henry Ward (CEO) and Manu Kumar, Carta provides a platform for private companies, public companies, and investors to manage their cap tables, valuations, investments, and equity plans.
In details, it helps private companies to streamline how to manage equity from founding to IPO, public companies to track employee and non-employee equity in one place, and investors to modernize how they manage their portfolio and back office.
The system, used by over 10,000 companies & investors, features:
– Cap table management
– 409A valuations
– Transfer agent
– Equity plan administration
– Fund administration
– Portfolio insights
– ASC 820