Cap table management tool Carta valued at $800M with new funding

INSUBCONTINENT EXCLUSIVE:
Startups supporting startups are blazing a new trail with support from venture capitalists.Co-working spaces like The Wing and The Riveter
raked in funding rounds this year, as did Brex, the provider of a corporate card built specifically for startups
Now Carta, which helps companies manage their cap tables, valuations, portfolio investments and equity plans, has announced an $80 million
Series D at a valuation of $800 million
The company, formerly known as eShares, raised the capital from lead investors Meritech and Tribe Capital, with support from existing
participate in the Series D funding
Jonathan Hsu and Ted Maidenberg, a trio of former Social Capital partners who exited the VC firm amid its transition from a traditional VC
fund to a technology holding company
Tribe is said to be in the process of raising its own $200 million debut fund.Founded in 2012 by Henry Ward (pictured), the Palo Alto-based
company plans to use the latest investment to develop their transfer agent and equity administration products and services to better support
startups transitioning into public companies
Squarespace, Coinbase and more as customers, currently manages $500 billion in equity
completed a study in partnership with #Angels that highlighted the major equity gap female startup employees are victim to.The study,
released in September, revealed that women own just 9 percent of founder and employee startup equity, despite making up 35 percent of
startup equity-holding employees