Carta (company)

Carta (formerly eShares, Inc.) is a Palo Alto based technology company that specializes in capitalization table management and valuation software. Carta was founded in 2012 by Henry Ward and Manu Kumar. Their system digitizes paper stock certificates along with stock options, warrants, and derivatives to create a real-time picture of who owns what at a startup. Carta ranked #44 in Forbes' The Cloud 100 list for 2019.[1]

Carta
Founded2012 (2012)
FoundersHenry Ward, Manu Kumar
HeadquartersPalo Alto
Websitecarta.com

History

Carta began when founder Manu Kumar realized that while purchases for public companies result in an online transaction, when an employee, investor, or advisor gets options in a private company they still receive a paper stock certificate. Carta was built to end this process. Manu Kumar originally came up with the idea and recruited Ward to be the CEO.

  • In August 2013 Carta raised a $1.8 million seed round.[2]
  • In November 2014 Carta raised a $7 million Series A led by Union Square Ventures, Spark Capital, Subtraction Capital and other investors.
  • In August 2015 Carta raised a $17 million Series B, led by Spark Capital.[3]
  • In October 2016 Carta partnered with Zenefits, an all-in-one HR platform.[4]
  • On September 1, 2017 Carta acquired Silicon Valley Bank's valuation business and team (Silicon Valley Bank Analytics or SVBA). This impacted both the former SVBA employees and the 1,300 customers that came with the acquisition.[5]
  • In October 2017 Carta raised a $42 million Series C, led by Menlo Ventures and Social Capital. Matt Murphy of Menlo Ventures and Arjun Sethi of Social Capital joined the board of directors.[6]
  • In November 2017 Carta changed its name from eShares to Carta.[7]
  • In December 2018 Carta raised $80 million in series D and reach total value of $800 million, led by Tribe Capital and Meritech Capital Partners.[8]

References
  1. "The Cloud 100 2019". Forbes. Retrieved 2020-03-26.
  2. "eShares | crunchbase". www.crunchbase.com. Retrieved 2016-11-30.
  3. Loizos, Connie. "EShares, Now Valued At $77 Million, Looks Far Beyond Silicon Valley". TechCrunch. Retrieved 2016-11-30.
  4. Lynley, Matthew; Mannes, John. "Zenefits opens up to third-party developers and launches a suite of new HR tools". TechCrunch. Retrieved 2016-11-30.
  5. "eShares acquires Silicon Valley Bank Analytics". eShares Blog. Retrieved 2017-09-15.
  6. "eShares raises $42 million to manage equity compensation and investments". TechCrunch. Retrieved 2017-10-11.
  7. "eShares is now Carta". Carta - Always Be Helpful. 2017-11-06. Retrieved 2018-03-01.
  8. "Cap table management tool Carta valued at $800M with new funding". TechCrunch. Retrieved 2018-12-28.


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