![\"Carta](\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2019\/05\/Carta-Series-E-Background-1024x535.png\" "\\"\\"")
<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\nHere are the details:<\/p>\r\n\r\n\r\n\r\n
- \r\n
- We raised $300 million at a $1.7 billion post-money valuation.<\/li>\r\n
- The round was led by Andreessen Horowitz<\/a>, and also includes Lightspeed Venture Partners<\/a> and Goldman Sachs Principal Strategic Investments<\/a>.<\/li>\r\n
- Marc Andreessen is joining our board.<\/li>\r\n
- Previous investors including Tribe Capital<\/a>, Menlo Ventures<\/a>, and Meritech<\/a>, as well as new investors Tiger Global Management<\/a> and Thrive Capital<\/a>, also participated in the round.<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n
![\"\"](\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2019\/05\/series_e_a16z_quote_-_blog_2x-1024x486.png\" "\\"\\"")
<\/figure>\r\n\r\n\r\n\r\nFrom issuing securities…<\/h2>\r\n\r\n\r\n\r\n
Carta started with this question: Why can I buy Google stock on my phone, but investing in a private company costs $20K in legal fees, takes 45 days to close, and ends with a mailed paper stock certificate?<\/em><\/p>\r\n\r\n\r\n\r\n
In 2012, we began tackling this problem by offering an easier way to issue securities. When companies issue securities, we automatically track equity details on cap tables<\/a>. Through our products for private companies, we reach venture capitalists and employees, laying the foundation for the ownership network. More than 11,000 companies and 700,000 shareholders (investors and employees) are now on Carta.<\/p>\r\n\r\n\r\n\r\n
\r\n\r\n
<\/figcaption>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n ![\"\"](\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2019\/05\/series_e_lightspeed_quote_-_blog_2x-1024x435.png\" "\\"\\"")
<\/figure>\r\n\r\n\r\n\r\n\u2026To modernizing how investors manage their funds<\/h3>\r\n\r\n\r\n\r\n
In addition to giving venture capitalists<\/a> an easy way to accept securities and request cap table access from their portfolio companies, we\u2019re also fixing the antiquated system of fund administration<\/a>. We launched our fund admin business in mid-2018 and already have $9 billion in assets under administration on Carta.<\/p>\r\n\r\n\r\n\r\n
VCs come to Carta for full-service fund administration, a real-time platform for portfolio management, and a simple, secure way to share information with their limited partners. This expands the ownership network by extending our reach to LPs, more VCs, and more companies.<\/p>\r\n\r\n\r\n\r\n
<\/p>\r\n\r\n\r\n\r\n
\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n
In total, we now have a registry of $575 billion in assets and our ownership network and ability to acquire assets is growing faster and faster.<\/p>\r\n\r\n\r\n\r\n
\u2026To changing how capital markets work<\/h3>\r\n\r\n\r\n\r\n
We\u2019ll use our new funding to enable liquidity across our network. Private markets are so illiquid that founders and employees often wait a decade for an IPO to earn money from their equity. We think it\u2019s time for this to change.<\/p>\r\n\r\n\r\n\r\n
Next up: We\u2019re building CartaX and launching in 2020, pending regulatory approval.<\/strong><\/p>\r\n\r\n\r\n\r\n
![\"\"](\"https:\/\/www-staging.carta.com\/sg\/wp-content\/uploads\/sites\/9\/2019\/05\/series_e_goldman_quote_-_blog_2x-1024x486.png\" "\\"\\"")
<\/figure>\r\n\r\n\r\n\r\n\r\n\r\n