BY Caitlin Stanway-Williams
APRIL 1, 2019
via THE INNOVATION ENTERPRISE CHANNELS
Carta set to reach $1.8bn valuation
San Francisco-based unicorn Carta, which offers a startup equity management platform, is close to raising a further $300m at a $1.8bn valuation a person familiar with the matter told The Information.
Founded in 2012, formally named eShares, and one of the Bay Area's several so-called 'unicorns', the company was founded by CEO Henry Ward to provide an electronic alternative to the paper securities that were previously given to investors and employees. It has gone on to add a number of other equity management products for private, venture-backed companies such as cloud software tools for managing complex ownership stakes.