Funding round
Carta Series G
Carta, which works in private capital ERP platform development in San Francisco, raised $500M in a Series G round announced on 13 Aug 2021, led by Silver Lake, at a $7.40B post-money valuation. 1 firm took part. It is Carta's sixth venture round on record; the one before was a Series E in May 2019.
$500M
Amount raised
$7.40B
Post-money valuation
$6.90B pre-money
1
Investors
1 lead
4.4x
Step-up from the Series E
$1.70B in May 2019
6.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Carta at $7.40B after the new money, 4.4 times the $1.70B of its Series E (May 2019). The $500M bought investors about 6.8% of the company. It came 27 months after Carta's Series E. It is 53% of the $946M Carta has raised in the venture rounds on record. No later venture round is on record for Carta.
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 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 this round 13 Aug 2021, led by Silver Lake $500M$7.40B post-money
Investors
Who put money in
Silver Lake led the round.
Lead investor
- Silver Lake backs 44 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
11 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $250M, and this round was 2.0 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Seismic Tech Companies | 16 Aug 2021 | $170M | $3.00B | Permira |
| DataRobot Tech Companies | 27 Jul 2021 | $300M | $6.30B | Altimeter and Tiger Global |
| Magic Leap Tech Companies | 11 Oct 2021 | $500M | $2.00B | not named |
| Tech Companies | 2 Jun 2021 | $200M | $4.40B | Premji Invest and STEADFAST Capital Ventures |
| Collibra Tech Companies | 9 Nov 2021 | $250M | $5.25B | Sequoia Capital and Sofina |
| Sysdig Tech Companies | 15 Dec 2021 | $350M | $2.50B | Permira |
| ShareChat Tech Companies | 16 Dec 2021 | $266M | $3.70B | Alkeon |
| Tech Companies | 7 Apr 2021 | $110M | $2.00B | Tiger Global |
Sources
Where this comes from
Reported by 4 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 G round?
Carta raised $500M in its Series G round, announced in Aug 2021.
Who led Carta's Series G round?
Silver Lake led it.
What was Carta's valuation at the Series G round?
$7.40B post-money ($6.90B pre-money).
How does it compare with other Series G rounds in Tech Companies?
11 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $250M, and this round was 2.0 times the median.