Carta
- Carta (originally called eShares) provides a host of equity management products for startup companies from the distribution of stock-option grants to 409A valuations.
- On Thursday, Carta confirmed it has raised an $80 million Series D funding round — led by Meritech and Tribe Capital — to help expand its product suite even further.
- Business Insider first reported rumors of the deal in early December.
- The latest round puts Carta's valuation at $800 million.
Henry Ward can't stop thinking about a question he was asked by an investor years ago: Why is it that when he wants to buy General Electric stock it's done online in just a couple clicks, but when he invests in two founders in a garage, he gets a paper stock certificate in the mail that takes months to receive?
The backward world of early-stage investment and stock option grants is what Ward, the CEO and co-founder of Carta (known initially as eShares), set out to change in 2012.
See the rest of the story at Business Insider
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from Business Insider https://read.bi/2Akhwb9
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