Private equity firm Silver Lake led a $500m series G round for Carta, a US-based equity management software provider backed by investment banking firm Goldman Sachs, on Friday.
Founded in 2012 as eShares, Carta has built a software platform designed to help private companies manage their funding, valuations, equity and cap tables.
The round valued Carta at $7.4bn post-money and the company said it had used its own software to determine a valuation before seeking out investors it thought would fit best. It initially auctioned $100m of shares through a secondary deal and used the valuation for this round.
The company, which has not disclosed the other participants in the series G round, told TechCrunch it has now raised $1.29bn in total. Lightspeed Venture Partners and Tribe Capital co-led a $180m series F round in May 2020 that also featured FinSight Ventures.
Carta had secured $300m in a mid-2019 series E round led by Andreessen Horowitz and backed by Goldman Sachs’ Principal Strategic Investments subsidiary, Lightspeed Venture Partners, Tiger Global Management, Thrive Capital, Tribe Capital and existing investors Menlo Ventures and Meritech Capital at a $1.7bn valuation.
Earlier investors in Carta also include Spark Capital, Union Square Ventures, Social Capital, Industry Ventures, Draper VC, Expansion VC, K9 Ventures, Elefund, Subtraction Capital, XG Ventures, Kima Ventures, Structure Capital, Andy Palmer and Scott Banister.
