Carta raising funding at $800 million valuation – Business Insider Software company Carta is raising $80 million in a funding round that values the company at $800 million, Business Insider has learned.
According to multiple people familiar with the talks, venture firms Meritech Capital and Tribe Capital are coleading the round.
Carta is just one among a series of software-focused startups to raise funding at hefty valuations lately, with companies like Airtable and Plaid both commanding billion-dollar-plus valuations in recent months.
Carta, which changed its name from eShares last year, provides equity-management software to businesses.
Since it was founded in 2012, the company has raised around $70 million from investors, including Menlo Ventures, Social Capital, Union Square Ventures, and Industry Ventures.
Representatives for Meritech Capital and Tribe Capital did not return requests for comment.