The problem
Startups and funds juggle ownership, valuations, fund books and investor reporting across spreadsheets, lawyers and admins
What they do
Cap table, equity management, 409A and fund administration software for private capital
Traction $500M ARR crossed 2025 (from $373M early 2024); profitable; 50,000+ companies
Hiring trend
- Open roles
- 74
- Ops roles
- 4
- Headcount
- ~1,900-2,000
Flat: ~1,900 staff Oct 2025 (CFO); rolling layoffs Jul and Aug/Sep 2026 (~90 per Blind tracker)
Hiring in
- New York
- London
- Seattle
Glassdoor
3.1 ★ 632 reviews ↗Funding
- Last round
- $500M
- Stage
- Series G
- Date
- Aug 2021
Led by Silver Lake
- Hiring+274 open roles on the live job board (30+ roles = +2)
- Funding recency0Series G · $500M, Aug 2021 (62 months ago): over 24 months = 0
- Traction0No growth signal counted: $500M ARR crossed 2025 (from $373M early 2024); profitable; 50,000+ companies
- Red flags0Watch-outs noted below, none scored as a significant flag
- Total2.02 + 0 + 0 − 0 = 2.0 → Steady (1.5–3.49)
Distance (Half) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Half · edge: hard to leave + grows with users
System of record for 85% of US unicorns and 9,000+ funds, profitable at $500M+ ARR; trust lapses and layoffs keep it short of Marathon.
Sources: ION Analytics: Carta CFO on $500M+ ARR, profitability, 9,000+ funds (Oct 2025) ↗ · Carta: About (85% of US unicorns, $500M ARR crossed 2025) ↗
Watch-outs
Rolling layoffs Jul and Aug/Sep 2026, with 2026 Glassdoor reviews citing 'layoffs every week' and rating down 14% in 12 months. Valuation reset: secondary pricing ~$3.5B (Jan 2025), ~53% below the $7.4B 2021 Series G, after a 2024 Jefferies secondary pitched at $2B. Ex-CTO Jerry Talton's retaliation/defamation counterclaims against Carta and CEO Henry Ward still active in SDNY (filings into 2026). Watch only (outside 24 mo or settled): Jan 2024 scandal over using cap-table data to solicit Linear's shares (exited secondaries); 2023 layoffs (three rounds incl. 10% in Jan); harassment suits settled Jan 2025; COO exit Jul 2024.
Sources: Blind layoff tracker: Carta cuts Jul 3 and Aug 31, 2026 ↗ · Glassdoor review (Jul 2026): 'layoffs every week, culture of fear' ↗ · Glassdoor: Carta 3.1 rating, down 14% in 12 months ↗ · Contrary Research: secondary valuation $3.5B, -53% vs Series G (Jan 2025) ↗ · TechCrunch: Carta valuation to be cut by $6.5B in secondary sale (Jun 2024) ↗ · CourtListener: eShares (Carta) v. Talton docket, active into 2026 ↗ · TechCrunch: Carta accused of using cap-table data to broker a startup's shares (Jan 2024) ↗ · TechCrunch: Carta settles two harassment/discrimination suits (Feb 2025) ↗
Last checked Oct 25, 2026