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#43
#43

Carta

Research

Varies by company size and services | Fund admin fees varyBest for: Startup Equity Holders & Venture Capital Funds

The Review

Carta is the dominant platform for cap table management, equity administration, and private company valuations. Over 40,000 companies and 2 million+ stakeholders use Carta to manage equity grants, 409A valuations, and investor reporting. If you hold equity in a private company, there is a good chance it is administered through Carta.

For investors, Carta provides CartaX (now Carta Private Markets), a secondary market for buying and selling shares of private companies. Carta also offers fund administration services for venture capital firms, handling everything from capital calls to K-1 generation. The data Carta sits on — equity ownership across thousands of private companies — gives it a unique position in the startup ecosystem.

Carta's 409A valuation service is used by startups to set fair market values for stock options, making it relevant to anyone who holds startup equity. The platform's reporting tools give investors clear visibility into their private company holdings across multiple investments.

Why It Ranks #43

The infrastructure platform for private company equity. If you invest in or work for startups, you will encounter Carta. The cap table data, secondary market, and fund administration services are essential to the venture ecosystem.

Key Stats

40,000+

Companies on Platform

2M+

Stakeholders

$3T+

Equity Managed

Thousands/year

409A Valuations

Key Features

Cap table management and equity administration
409A valuation services
Carta Private Markets (secondary trading)
Fund administration for VCs
Investor reporting and dashboards
Automated K-1 and tax document generation
Scenario modeling for fundraising rounds
Employee equity portal and education

Fun Facts

1.Carta was originally called eShares and rebranded in 2017
2.The platform manages equity for companies ranging from 2-person startups to pre-IPO giants
3.Carta's dataset on private company valuations is one of the most comprehensive in existence
4.Over half of all US venture-backed startups use Carta for cap table management

Frequently Asked Questions

What is Carta?

Carta is the dominant platform for cap table management, equity administration, and private company valuations. Over 40,000 companies and 2 million+ stakeholders use Carta to manage equity grants, 409A valuations, and investor reporting. If you hold equity in a private company, there is a good chance it is administered through Carta.

How much does Carta cost?

Carta pricing: Varies by company size and services | Fund admin fees vary. It is best for Startup Equity Holders & Venture Capital Funds.

Why is Carta ranked #43?

The infrastructure platform for private company equity. If you invest in or work for startups, you will encounter Carta. The cap table data, secondary market, and fund administration services are essential to the venture ecosystem.

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