Funding round
Carta Series B
Carta, which works in private capital ERP platform development in San Francisco, raised $17M in a Series B round announced on 17 Aug 2015, led by Spark Capital, at a $77M post-money valuation. 4 firms took part. It is Carta's second venture round on record; the one before was a Series A in Aug 2012.
$17M
Amount raised
$77M
Post-money valuation
$60M pre-money
4
Investors
1 lead
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Carta at $77M after the new money. The $17M bought investors about 22% of the company. It came 36 months after Carta's Series A. It is 1.8% of the $946M Carta has raised in the venture rounds on record. Carta raised again 26 months later: a Series C round of $42M in Oct 2017. Its next priced round, a Series D in Dec 2018, valued it at $800M.
Carta's funding rounds
Carta has 6 venture rounds on record. This one is highlighted.
- Series A 13 Aug 2012 $6.8M
- Series B this round 17 Aug 2015, led by Spark Capital $17M$77M post-money
- Series C 11 Oct 2017, led by Menlo Ventures and Social Capital $42M
- Series D 28 Dec 2018, led by Meritech Capital and Tribe Capital $80M$800M post-money
- Series E 6 May 2019, led by Andreessen Horowitz $300M$1.70B post-money
- Series G 13 Aug 2021, led by Silver Lake $500M$7.40B post-money
Investors
Who put money in
Spark Capital led the round with 3 other firms.
Lead investor
- Spark Capital backs 234 venture-backed companies new investor
Also in the round
- Union Square Ventures backs 171 venture-backed companies new investor
- Subtraction Capital new investor
- backs 65 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, sales and marketing, scaling operations and working capital.
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
223 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was close to the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 Aug 2015 | $20M | not disclosed | Insight Partners |
| Tech Companies | 27 Aug 2015 | $10M | not disclosed | Owl Ventures |
| Tech Companies | 3 Aug 2015 | $10M | not disclosed | Khosla Ventures |
| Tech Companies | 18 Aug 2015 | $10M | not disclosed | Menlo Ventures |
| Tech Companies | 29 Jul 2015 | $250M | $2.00B | Sequoia Capital |
| Tech Companies | 28 Sep 2015 | $57M | $400M | Andreessen Horowitz |
| Tech Companies | 9 Jul 2015 | $38M | not disclosed | Georgian |
| Tech Companies | 10 Sep 2015 | $30M | not disclosed | Thrive Capital |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Carta raise in its Series B round?
Carta raised $17M in its Series B round, announced in Aug 2015.
Who led Carta's Series B round?
Spark Capital led it, with Union Square Ventures, Subtraction Capital and Industry Ventures.
What was Carta's valuation at the Series B round?
$77M post-money ($60M pre-money).
How does it compare with other Series B rounds in Tech Companies?
223 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was close to the median.
Did Carta raise again after this round?
Yes: a Series C round in Oct 2017 of $42M.