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Carta Funding Rounds & Valuation History (2019–2022)

Private Valuation & Funding Round Tracker · Carta

Carta funding rounds & valuation history

Carta, the San Francisco equity-management and cap-table software company, from its 2019 Series E to the 2022 employee share sale and a reported 2024 secondary at $2B, sourced to TechCrunch, Crunchbase News, Axios, Global Venturing, Fenwick and posts by CEO Henry Ward.

Last updated: (IST). Every figure re-checked against the linked sources that day. Rows: 6 Currency: US$, nominal
Last closed round Closed
$7.4B
$500M Series G, Aug 2021
Latest signal Reported
$2B
Planned secondary sale, Jun 2024 (TechCrunch sources); completion not reported
Up-step, Series G
2.39×
$7.4B vs $3.1B (GNF calc.)
Peak secondary
$8.5B
Employee share sale, 2022 (CEO to Axios)

Round history

Newest first. Dashed badges and striped rows are not closed transactions. “—” means the source does not disclose the figure or it cannot be computed on the same basis; see the note in each row.

Showing 6 of 6 rows
Carta funding rounds and share sales, May 2019 to June 2024
DateStatusRoundAmountLead / buyerValuationVal. ÷ run-rateSource
Reported talks
Planned secondary sale (reported)Reported, not confirmed: TechCrunch says “even $2 billion may prove ambitious”; Carta did not comment. No completion has been reported in the sources found (13 Nov 2026). A secondary sale, not a funding round, so it is not the last-closed valuation.
Not disclosed
Jefferies (bank running the sale)
$2B (sought, reported)TechCrunch sources: a secondary sale “that would value the company at $2 billion”; Carta had hoped for $4B; not confirmed by Carta
—Not disclosedTalks-stage or discussed figure; no multiple
Tender
Employee share saleAxios (3 Nov 2022): valuation “jumped to $8.5 billion earlier this year after employees sold shares to investors”. Exact sale date not given; the row uses the report date. Secondary, not a primary round.
Not stated
—Not disclosed
$8.5BCEO Henry Ward to Axios
—Not disclosedTender price, not a new round; no multiple
Closed round
Series GThe $6.9B pre-money matched the price set in the February 2021 CartaX auction (Henry Ward).
$500M
Silver Lake
$7.4BPost-money; $6.9B pre-money (Global Venturing)2.39× vs prior closed
—Not disclosedNo run-rate stated in the announcement
Tender
CartaX secondary auctionCarta’s own shares sold on its CartaX exchange in 1,484 orders: a secondary sale with no new primary capital.
$99.7M
414 buyers on CartaX
$6.9BAuction price (“Carta market cap: $6.9B”, Henry Ward)
—Not disclosedTender price, not a new round; no multiple
Closed round
Series FSource conflict on size: Carta’s law firm Fenwick says $180M (used here); Henry Ward’s Feb 2021 post says “a $200M Series F”. Date is Fenwick’s posting date.
$180M
Lightspeed Venture Partners, Tribe Capital
$3.1BPer Henry Ward and TechCrunch1.82× vs prior closed
—Not disclosedNo run-rate stated in the announcement
Closed round
Series ECame five months after an $80M Series D (December 2018, Crunchbase News).
$300M
Andreessen Horowitz
$1.7BPer TechCrunch and Crunchbase News
—Not disclosedNo run-rate stated in the announcement
Step-up = valuation ÷ the prior closed valuation (GNF calc.). Secondary sales carry no step-up.

Valuation at each closed round

Closed primary rounds only. The CartaX auction ($6.9B), the 2022 employee sale ($8.5B) and the reported 2024 secondary ($2B) are not plotted.

Sources: TechCrunch; Crunchbase News; Henry Ward; Global Venturing. US$ billions, linear scale.

Timeline

Each round and share sale, oldest first.

  1. 6 May 2019 · Closed

    Series E: $300M led by Andreessen Horowitz at $1.7B.

  2. May 2020 · Closed

    Series F: $180M led by Lightspeed and Tribe at $3.1B.

  3. 4 Feb 2021 · Secondary

    First CartaX auction: $99.7M of Carta shares sold at $6.9B.

  4. 13 Aug 2021 · Closed

    Series G: $500M led by Silver Lake at $7.4B post-money.

  5. 2022 · Secondary

    Employee share sale at $8.5B (reported by Axios in Nov 2022).

  6. 6 Jun 2024 · Reported

    Secondary sale planned at $2B, down from $8.5B (TechCrunch sources); completion not reported.

Still private: Carta has not filed for an IPO and is not owned by a listed company. No primary round has been announced since the August 2021 Series G; the CEO put Carta at $8.5B after a 2022 employee sale (Axios), and in June 2024 TechCrunch reported a planned secondary sale at $2B (TechCrunch). Both are secondaries, not funding rounds.

Cite this dataset

Free to quote with a link back. Copy this citation:

Carta Funding Rounds & Valuation History. Private Valuation & Funding Round Tracker, GrowthNavigateFunding.net, updated 13 Nov 2026. https://growthnavigatefunding.net/funding/carta/

Download the data

The same 6 rows as the table: numeric US$ columns, empty cells where a figure is not disclosed, and a source URL for every row.

File
carta-rounds.csv (UTF-8, comma-separated)
Stable URL
https://growthnavigatefunding.net/wp-content/uploads/2026/11/carta-rounds.csv
Columns
id, date, date_precision, status, transaction_type, round, amount_usd_low, amount_usd_high, lead_or_buyer, co_leads, valuation_usd_low, valuation_usd_high, valuation_basis, valuation_to_run_rate_multiple, multiple_bound, multiple_basis, step_up_vs_prior_closed, price_per_share_usd_low, price_per_share_usd_high, shares, source, source_url, other_source_urls, notes, last_updated
Updated
(IST)
⬇ Download CSV

Methodology & status definitions

How each row is labelled and calculated.

Closed round

A primary round announced by the company or confirmed in the press, bringing new money to the company.

Reported talks

A raise reported by the press as under discussion and not confirmed as closed. Not charted, not the last-closed valuation; no step-up or multiple.

Tender

A sale of existing shares (employee tender, secondary or buyback). It brings no new primary capital, so it is Status, not the last-closed valuation; no step-up or multiple.

Valuation ÷ run-rate

Post-money valuation ÷ the run-rate the company stated in that announcement (GNF calc.). Where the run-rate is “crossed” or “over” a figure, the multiple is shown as “under X×”. No row qualifies here unless shown, so no multiple is invented.

What is not a separate row

Seed to Series D rounds (2013–2018, partly as eShares, including the $80M Series D in December 2018), acquisitions, and tender offers Carta runs for other companies.

Updates & corrections

This page stays at one address and is updated in place; the “Last updated” date above drives the citation and the dataset metadata. Corrections: hello@growthnavigatefunding.net. Informational only; not investment advice.

Changelog

  • : Dataset first compiled (batch 2, not yet published).

Sources

  1. TechCrunch: Carta’s valuation to be cut by $6.5 billion in upcoming secondary sale, 6 Jun 2024
  2. Axios Pro: Cap table startup Carta valued at $8.5 billion, 3 Nov 2022
  3. Henry Ward (Medium): Carta Series G, Aug 2021
  4. Axios: Carta raises $500 million at $7.4 billion valuation, 13 Aug 2021
  5. TechCrunch: Carta says it just used its own product to establish a new… valuation for itself, 13 Aug 2021
  6. Global Venturing: Carta darts to $500m series G, 16 Aug 2021
  7. Henry Ward (Medium): Finally, a private stock exchange, 4 Feb 2021
  8. TechCrunch: Carta’s startup liquidity service CartaX conducts first transactions on its own cap table, 4 Feb 2021
  9. Fenwick: Fenwick Represents Carta in $180M Financing, 10 May 2020
  10. TechCrunch: Carta was just valued at $1.7 billion by Andreessen Horowitz…, 6 May 2019
  11. Crunchbase News: Carta Raises $300M At $1.7B Valuation, 6 May 2019