Funding round
Carta Series C
Carta, which works in private capital ERP platform development in San Francisco, raised $42M in a Series C round announced on 11 Oct 2017, led by Menlo Ventures and Social Capital. 2 firms took part. It is Carta's third venture round on record; the one before was a Series B in Aug 2015.
$42M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Carta did not disclose a valuation in this round; its last disclosed one was $77M at the Series B (Aug 2015). It came 26 months after Carta's Series B. It is 4.4% of the $946M Carta has raised in the venture rounds on record. Carta raised again 14 months later: a Series D round of $80M in Dec 2018, at $800M post-money.
Carta's funding rounds
Carta has 6 venture rounds on record. This one is highlighted.
- Series A 13 Aug 2012 $6.8M
- Series B 17 Aug 2015, led by Spark Capital $17M$77M post-money
- Series C this round 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
Menlo Ventures and Social Capital led the round.
Lead investors
- Menlo Ventures backs 215 venture-backed companies new investor
- Social Capital backs 94 venture-backed companies new investor
Joined the board: Matt Murphy (Menlo Ventures) and Arjun Sethi (Social Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and sales and marketing.
- Product development
- Geographic expansion
- Sales and marketing
Comparable rounds
How it compares
165 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 1.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mapbox Tech Companies | 10 Oct 2017 | $164M | not disclosed | SoftBank Vision Fund and SoftBank |
| Tech Companies | 17 Oct 2017 | $50M | not disclosed | Undisclosed Investor |
| Tech Companies | 4 Oct 2017 | $35M | not disclosed | Norwest |
| Tech Companies | 19 Oct 2017 | $30M | not disclosed | Battery Ventures |
| Tech Companies | 12 Oct 2017 | $28M | not disclosed | NGP Capital |
| Tech Companies | 3 Oct 2017 | $25M | not disclosed | Atlantic Bridge |
| Sysdig Tech Companies | 12 Oct 2017 | $25M | not disclosed | not named |
| Tech Companies | 23 Oct 2017 | $22M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 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 C round?
Carta raised $42M in its Series C round, announced in Oct 2017.
Who led Carta's Series C round?
Menlo Ventures and Social Capital led it.
What was Carta's valuation at the Series C round?
It was not disclosed; its last disclosed one was $77M at the Series B (Aug 2015).
How does it compare with other Series C rounds in Tech Companies?
165 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 1.3 times the median.
Did Carta raise again after this round?
Yes: a Series D round in Dec 2018 of $80M at $800M post-money.