Carta, a Palo Alto, California-based technology solutions and services provider, specialized in capitalization table management and valuation software, as per recent reports last week, has just closed a Series E fundraising round, raising $300 million in investment funding. With this recent Series E funding, Carta’s current valuation stands at $1.7 billion.
The recent round was led by Andreessen Horowitz, a Menlo Park, California-based American venture capital firm, and also included Lightspeed Venture Partners and Goldman Sachs Principal Strategic Investments.
As part of this investment, Marc Andreessen, big-shot investor and one of the founders of Andreessen Horowitz, will be joining Carta, as a member of its Board of Directors.
With this recent funding, the Palo Alto-based Carta plans to expand liquidity across its entire network. The company was founded in 2012 and has six branch offices in the US and one in Rio de Janeiro, Brazil.
The company lends a helping hand to private companies, public companies, and investors in aiding them to manage their capitalization (cap) tables, valuations, investments, and equity plans. Cap tables basically illustrate how much equity and ownership a company has among founders, investors, and employees.
With over 11,000 companies and 700,000 shareholders (investors and employees) onboard the Carta platform, the company also offers full-service fund administration to venture capital firms (which it launched in 2018), with $9 billion in assets already under its administration. In total, Carta, in its entire network, has $575 billion in funds under management.