- General
- March 29, 2019
- 5 minutes read
A16Z Reportedly Leading $300 Million Round For Carta
Andreessen Horowitz co-founder and general partner Ben Horowitz image: (cc) Kenneth Yeung – www.snapfoc.us On the heels of an $80…
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| Andreessen Horowitz co-founder and general partner Ben Horowitz
image: (cc) Kenneth Yeung – www.snapfoc.us
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On the heels of an $80 million raise that valued the company at $800 million, Carta – a startup that lets founders, investors and employees manage investments and stakes in private companies – is said to be raising $300 million in new funding led by Andreessen Horowitz, with participation from Lightspeed Venture Partners and Goldman Sachs.
The report comes from The Information, which says Andreessen Horowitz (also known as a16z) is leading the round with a $100 million investment. Carta will be valued at $1.8 billion with this round, the tech news site also said. Such valuation would imply a new addition to the unicorn club, one that recently welcomed the likes of Airwallex, Casper and Rent the Runway, with China’s Mobvoi also gearing for that.
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| Andreessen Horowitz co-founder and general partner Marc Andreessen
image: JD Lasica on Flickr
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Carta – which manages billions of dollars in equity for over 10,000 private companies including Slack, Flexport and Coinbase – has already raised nearly $150 million in funding. Its backers include Menlo Ventures, Union Square Ventures, Tribe Capital, Spark Capital, SV Angel, and Slack CEO Stewart Butterfield.
