Carta Raises $500mn Using CartaX Platform   

Carta has announced that they have raised a $500M Series G, which now values the company at $7.4B in a round led by Silver Lake. Carta was valued at $3.1 billion in the previous year.  

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Says Carta CEO Henry Ward of the fundraising: “Between our Series F and Series G we ran an auction on CartaX. We explained what the company did once, and every investor participating could log in to watch and ask questions. They all had access to the data room through the CartaX platform. The auction repriced the company to a $6.9B valuation, up from $3.1B in our Series F eight months prior.”  

In other recent Carta news, the company has released Carta Launch, a free platform for early-stage founders that includes benchmark and scenario modeling features to make informed fundraising decisions, automated SAFEs to close rounds quickly, and soon a compensation tool to help founders make competitive job offers.

Carta’s Products and Services for VC Firms  

In recent years Carta has developed its fund management solutions to provide a range of products and services to the VC community beyond cap table management, placing them in the space for fund onboarding and subscription, portfolio monitoring, back-office administration, and more. Some products and services offered by the firm include:  

Fund Administration and Reporting

  • Fund Administration: Carta provides outsourced fund administration services delivered via a proprietary technology platform.

  • Cap Table Scenario Modeling: Carta’s scenario modeling software brings together sensitivity and breakpoint analysis, payout and dilution modeling, and pro forma cap tables, giving investors and companies a way to easily understand the impacts of fundraising and exits.  

  • LP Portal: Carta’s dashboard provides up-to-date metrics in real-time. Information can be securely shared with LPs and portfolio companies in the same place that funds are managed.

  • Financial Reporting: Carta’s platform allows users to generate professional reporting of Schedules of Investments, Balance Sheets, and Income Statements, with up-to-date, real-time information populated from the Carta General Ledger. This information is then distributable to LPs automatically.

ASC 820 Valuation  

  • Carta's calibration tool can help users estimate the changes in portfolio company valuations in bulk, plus identify which portfolio companies may warrant an in-depth ASC 820 valuation.  

  • The automation features mean cap tables update automatically with new equity issuances.   

  • Customizable selections give users the ability to choose and run valuations with methodologies and allocation methods in line with internal valuation policies.

Portfolio Monitoring  

  • Performance Tracking: Carta collects quarterly cap tables, financial metrics, and KPIs from portfolio companies.  

  • Increased Efficiency: Carta allows users to generate one-pagers through the Carta platform, and use the included analysis designed to eliminate time spent poring over spreadsheets.  

Portfolio Insights  

  • Carta collects cap tables and key data from user portfolio companies with portfolio insights, even if the companies don’t use Carta. This data can then be leveraged to create different scenario models and Carta can use it for user ASC 820 valuation.

Portfolio Company One-Pagers

  • Users can generate comprehensive portfolio company one-pagers featuring partners’ quarterly reviews, custom company classification, historical financing and valuation information, as well as financial stability and performance.

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Fund Inception (Carta Edge)

Carta Edge includes guidance through fund setup, closing, and management. Carta’s team handles formation and administrations for SPVs and funds. Carta Edge also offers playbooks and Pre-Close Services to guide founders through creating firms. It provides access to an experienced fund administration team, an online platform, and a network of trusted vendors.

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