Carta Release Notes - Product Updates - GENERAL AVAILABILITY

4 months ago3/17/2026

Minor improvements to Cap table report with drafts for PIU and phantom/CBU

What's new

Cap table reports are more consistent when run with drafts of PIU or phantom/CBU securities.

Why is it important

Now drafted securities are consistently handled for fully diluted share counts:

How does it work

From the Run Reports screen, select Cap Table and choose Include draft securities under Additional Options.

Webb Allen

7 months ago12/18/2025

New: Intercompany Balances View

We're excited to introduce Carta's Intercompany Balances view, a relationship-centric dashboard for tracking obligations across your firm.

Whether you need to track reimbursements to the management company, fund-to-fund balances, or other intercompany liabilities, you now have centralized oversight.

Why is this valuable?

Firms often struggle with reconciling due-to and due-from balances across entities like funds, their management company, SPVs, and GP entities. The Intercompany Balances view improves your firm-wide visibility and operational efficiency with a unified, entity-level view.

Within each entity in Carta, you can instantly check outstanding balances across related entities in the firm. This enables:

Coming Soon: Bulk Settlement

The Intercompany Balances view is just the first step. We are actively building the next phase, which will allow you to settle multiple balances in a single workflow.

Who is this available for?

This feature is available to all Fund Admin customers.

How do I learn more?

For more information on the Intercompany Balances view, check out this detailed walkthrough.

Sam Engel

8 months ago11/17/2025

New: Data Explorer

We’re excited to announce the release of Data Explorer, which offers Carta Fund Administration customers a centralized hub to query, analyze, and export your fund and portfolio company data.

Why is this valuable?

Insights and reporting are often siloed, manual processes that are not integrated into your existing data ecosystem, leading to data freshness, quality, and integrity issues. This release centralizes and streamlines reporting across the Carta platform and turns your data into a strategic advantage. With Data Explorer, you'll access the following benefits:

Who is this available for?

This is available for all Carta Fund Administration customers. To get started:

  1. Login to your Carta account and navigate to Tools & Services > Data explorer.
  2. Access curated dashboards based on common reporting use cases.
  3. Reference our data dictionary for comprehensive table and field definitions.
  4. Click New > question to initiate a custom query and save it to your personal collection or add to a dashboard.

How does it work?

Release notes recording

Click for sound

How do I learn more?

For more details, visit our detailed guides in the Carta Support Center.

Leah Rodriguez

8 months ago11/6/2025

New: Integrated Budgeting Engine for Management Company Administration

We're excited to introduce Carta's integrated budgeting engine, which is built on and stays connected to your actuals.

Management company budgets often get set and forgotten. Disconnected from accounting systems and requiring manual updates, budgets tend to drift from actuals, quickly becoming outdated and outliving their usefulness. We’re changing that.

Why is this valuable?

The integrated budgeting engine transforms your budget from a manually maintained necessity to a connected strategic planning tool. Built directly into your management company, it enables:

Who is this available for?

This feature is available for all customers with Carta’s Management Company Administration add-on.

How does it work?

Mgmt Co Budget Demo

Click for sound

How do I learn more?

For more information on the integrated budgeting engine, check out this detailed walkthrough or reach out to your Carta Fund Admin team.

Sam Engel

9 months ago10/1/2025

Introducing Single Sign-On for Carta Companies

What's new?

Access to your Carta account can now be managed via SSO for cap table company admins.

What's important or valuable about this change?

You can link your identity management provider to Carta to ensure that access to Carta meets your company’s authentication security standards. Add, remove, and audit access to Carta in your identity management platform.

What do I need to do?

Reach out to Carta Support about adding Single Sign-On to your Carta plan. Once you’ve set up Carta SSO you’ll be able to securely and seamlessly manage access through your company’s identity provider (IdP). This helps your teams stay compliant, efficient, and confident that sensitive equity data is protected.

Learn more in our SSO Support articles.

Webb Allen

10 months ago9/22/2025

Fund admin dashboard spotlight

What’s new?

Spotlight is a new section on the Carta fund admin dashboard. It’s designed to sort and surface your most important workflows, starting with capital calls and distributions.

What’s important about this change?

Before Spotlight, it wasn’t always clear what needed your immediate attention upon logging into Carta, and key updates such as the status of active capital calls were not shown on the dashboard.

Now, your urgent work is surfaced on Spotlight as soon as you log in. Spotlight also consolidates activity across multiple entities, helping you save time and stay aware of priority tasks.

How does it work?

If there is relevant activity on your account, it will appear in the Spotlight section of your dashboard. Each item is displayed as a clickable tile. Simply click on a tile to go directly to the page you need.

Spotlight currently displays:

Dashboard Spotlight for Carta Fund Admin

A

New feature: Spotlight

Spotlight sorts and surfaces your most important account activity so you can stay on top of deadlines.

Explore

10 months ago9/15/2025

New: Introducing Company Financials Integration for Carta Fund Forecasting

Carta Fund Forecasting now integrates directly with Carta Data Collection, allowing you to automatically sync portfolio company financials and KPIs from into your Fund Forecasting KPI Manager module. This streamlines data collection, improves data quality, and lets you immediately leverage Carta Fund Forecasting’s analytics, modeling, and reporting capabilities.

Why is this valuable:

The end-to-end flow between Carta Data Collection and Fund Forecasting simplifies the recurring process of requesting and maintaining portfolio company financials. Our team partners with you to gather and organize everything using a streamlined workflow in Data Collection, then keeps it in sync with Fund Forecasting.

This enables you to:

Who is this available for:

This integration is available for all joint Carta Data Collection <> Fund Forecasting customers.

Reach out to your Carta Fund Forecasting account manager or fund-forecasting@carta.com for any questions.

How does it work:

Carta <> Tactyc Financials Integration.mp4 - Google Drive

How do I learn more?

Support Article: Company Financials Integration with Carta Fund Forecasting.

Watch the Q3 2025: What's New, What's Next Webinar recording

Nathania Fuad

11 months ago8/19/2025

Updated QSBS Attestation to maximize new exclusions and benefits

With H.R. 1, the “One Big Beautiful Bill Act” (OBBB) now in effect, we’ve updated Carta’s Qualified Small Business Stock (QSBS) Attestation to help you and your shareholders track eligibility and take full advantage of the new benefits.

What’s new?

Support for shorter holding periods: for shares issued on or after July 4, 2025, Carta now tracks eligibility for a partial QSBS exclusion after three years (50%) and four years (75%), with full 100% exclusion available after 5 years.

Support for the new $75M asset cap: Carta automatically checks if newly issued shares qualify under the updated $75M aggregate gross asset limit—so you can confidently verify QSBS eligibility at the time of grant.

Expanded individual gain exclusion: Shareholder letters and eligibility summaries now reflect the increased $15M per-person gain exclusion, unlocking even greater potential tax savings.

Updated dashboard indicators: Carta dashboards and reports now show eligibility based on new QSBS rules and issuance windows. This makes it easier for companies and shareholders to understand their status at a glance.

Why is this valuable?

The new QSBS rules offer significant opportunities for tax savings—but only if companies can accurately track and prove eligibility. Carta’s updates simplify this process. By automating complex eligibility checks and updating shareholder documentation in real time, companies can:

These upgrades ensure every eligible shareholder is in a position to receive the full benefits of the new law, with built-in transparency and peace of mind.

How do I access the updated attestation?

No action needed, these updates have already been applied to all active QSBS Attestations and portfolios holding QSBS-eligible shares. If you have questions or would like a walkthrough, reach out to your Customer Success team or visit our Help Center.

Anything else to know?

Our team is closely monitoring policy changes and will proactively revisit your company’s QSBS analysis to help you unlock new shareholder opportunities and ensure your audit records remain up to date.

a year ago7/17/2025

Enhancements to the Carta Fund Forecasting <> Investments Integration

We’re excited to announce a major refresh of the Carta Fund Forecasting <> investments integration that offers enhanced customization and greater control. With a redesigned integration review flow and an upgraded data sync powered by Carta's Schedule of Investments (SOI), these updates make it easier than ever to build and maintain accurate historical performance cases in Carta Fund Forecasting.

What's New:

1. Enhanced Integration Review Flow:

2. SOI Driven Integration (for Carta Fund Admin <> Fund Forecasting customers):

How do I learn more?

Carta Fund Forecasting: Support Article

Anything else I need to know?

Specific user and firm permissions are required for integration setup — learn more here.

Coming Soon:

Non-Carta investments tracked on the Schedule of Investments will be available in Q4.

Nathania Fuad

a year ago7/15/2025

Multi-party Collaboration in Closings

What's new?

We've enhanced Carta Closings to support sophisticated investors and streamline the fundraising process with multi-party collaboration. This major update transforms Closings from a single-user experience into a collaborative platform where multiple LP contacts can access and complete the subscription process simultaneously.

With multi-party, GPs can share access to multiple contacts, including themselves, and LPs can invite multiple contacts (e.g. wealth advisors, lawyers, colleagues, additional signatories) to help complete their subscription documents—all while maintaining complete visibility and control.

Why is this important?

For sophisticated investors, completing subscription documents often requires input from multiple parties—financial advisors, legal counsel, authorized signatories, and others. Previously, this coordination happened offline through countless emails and document sharing, creating friction and delays.

While individual investors can easily complete forms themselves, larger institutional investors and more sophisticated LPs typically require multiple collaborators to review, complete, and sign subscription documents.

Key benefits:

For General Partners:

For Limited Partners:

How does it work?

1️⃣ GP Access to Assist

GPs can now add themselves as an additional contact to prefill LP information and also edit investor questionnaires while they're in progress, allowing them to provide timely assistance to LPs navigating the subscription process. LPs are notified that the GP has this visibility, ensuring transparency throughout.

2️⃣ Adding Multiple Collaborators

For GPs: When adding a prospective investor, you can now include multiple contacts with their names, email addresses, and signatory roles. You can edit this list before sending invitations and view all contacts in an enhanced investor ledger.

For LPs: From the Closings welcome page, you can add or remove contacts, while specifying who has signing authority. New collaborators will receive email invitations to access the subscription.

3️⃣ Enhanced Data Room Access

Multiple stakeholders from a single LP entity can now access the Closings data room, ensuring everyone involved can securely access your fund’s information.

How do I learn more?

To learn more about multi-party collaboration in Closings, check out our detailed support articles or reach out to your Account Manager for a personalized walkthrough to support your next fundraise.

John Hoffman

a year ago6/17/2025

NEW: GP Carry Tracking

We're introducing GP Carry Tracking to eliminate the complexity and risk of manual carried interest management—creating an entirely new way to automate GP entity accounting and carry administration all in one integrated platform.

What's new?

We've built GP Carry Tracking from the ground up to solve the challenge of managing complex carry allocations and GP entities that are time-consuming, error-prone, and difficult to track across funds.

Curious for more?

If you have any questions or feedback, reach out to your dedicated Account Director to schedule a call.

Cesar Ruiz

a year ago6/3/2025

Carta Fund Admin now integrates with Ramp to sync your expenses

Now, customers can sync expenses from Ramp cards directly into their Carta Fund Administration.

Stay ahead of your firm’s spend with real-time visibility into your Ramp corporate card expenses. With transactions flowing directly into your general ledger, you get a more connected, accurate view of your firm’s financials.

How this helps:

Carta Ramp Integration - Getting Started

Click for sound

Why this matters:

Disconnected expense data slows you down. With Carta and Ramp working together, you can confidently manage spend, simplify reporting, and keep your books in order—without switching between tools.

Who this is available for:

This is immediately available for Carta Fund Admin customers who have a management company on Carta.

Don’t have your management company on Carta? Or unsure if you do? Reach out to your Fund Admin team or navigate to “Management Companies” towards the bottom of the left-hand menu in your Carta account.

How to get started:

It’s simple to get set up with Carta's Ramp integration in just a few steps. Start by completing the Ramp task in your Carta dashboard to connect the two platforms.

See additional details for more on enabling the integration and getting started.

Sam Engel

a year ago5/27/2025

New: Carta Fund Admin <> Fund Forecasting Integration

Carta Fund Forecasting now integrates directly with Carta Fund Admin, allowing you to automatically sync fund cash flows from the GL into your Fund Forecasting construction model.

Overall, the integration accelerates your ability to leverage Carta Fund Forecasting’s powerful forecasting tools and insights. With immediate access to fund accounting details, you can more quickly track capital activity to ensure up to date performance metrics and data driven forecasting.

Why is this valuable:

The Fund Accounting integration between Carta Fund Forecasting removes the need to manually input monthly cash flows into your construction model—resulting in more accurate, timely, and complete fund performance data.

With this integration, you can:

Who is this available for:

This integration is available for all joint Carta Fund Admin <> Fund Forecasting customers.

Reach out to your Carta Fund Forecasting account manager or fund-forecasting@carta.com for any questions.

How does it work:

How do I learn more?

Carta Support Article: Carta Fund Admin <> Fund Forecasting Integration

Signup for the Carta Fund Forecasting Webinar on May 28. Henry Ward (Carta CEO) and Anubhav Srivastava (Tactyc Founder) will be joined by Sophie Seston from Active Impact Investments. The recording will be available afterwards as well.

Anything else I need to know?

Stay tuned for additional release notes in June, covering Carta integration enhancements and updates.

Nathania Fuad

a year ago4/29/2025

New: Share company financial statements via Investor Updates on Carta

What’s New

Easily and securely share financial statements as part of your investor updates. Connect directly to your accounting system, select the desired time frame, and include a one-time snapshot of your financials in your next investor update – all within Carta’s investor updates tool.

Why is it Valuable

Most portfolio companies send investor updates once a quarter. With a one-time setup to connect your accounting system, you can make all future updates faster, easier, and more comprehensive for both you and your investors.

Easily select and review financial statements before sending. Using Carta’s communication center, you can control who sees your data, conveniently import your investor list from the cap table, and allow investors to securely view and reply to your updates—including cap table and financial statements–all in one centralized, trackable location.

How does it work

You can set this up by:

  1. Get your Quickbooks or accounting software login information

  2. Navigating to your Carta account

  3. Go to the Communications Center

  4. Click on ‘New Message’

  5. Choose any template you want to update your shareholders about

  6. Under import financials click Connect to use QuickBooks or See all for the other providers available

  7. Once you’ve prepared connecting your accounting system and composed your investor update, you can review your financial statements.

  8. In the review screen you view the data from your accounting system, select the period, and add notes you want your investors to see alongside the data.

  9. After you submit the investor update message with the imported financials, the financials will appear under Company Financials view.

What recipients will see:

  1. After a message is sent, the recipient receives an email notification with a link to view it.

  2. New users are prompted to create an account, while existing users are taken directly to their Carta inbox.

  3. If financials have been imported, the investor will be able to click View Company Financials link and view the uploaded documents directly in the Financials tab, monthly and quarterly view.

Who is this for?

Authorized company administrators or users with the new Investor Relations permission, can set up the financial integration and send messages to investors through the communications center.

How do I learn more or get help?

Learn more about our Investor Updates and Communication Center here. For feedback about this new feature, communication center, or Carta you can reach out here!

Will WD

a year ago3/14/2025

New: Investments Integration with Carta Fund Forecasting

Carta Fund Forecasting now integrates real time cap table data into its forecasting and planning platform. The direct connection to Carta streamlines the process of adding investments data in Carta Fund Forecasting, providing fund managers the ability to make data-backed decisions with greater speed and accuracy.

Why is this valuable:

Historically, investment updates have needed to be manually uploaded and maintained in Carta Fund Forecasting. This process is often time-consuming and error-prone, making it difficult to ensure current forecasting for your fund is accurate and up to date.

You can now sync ownership and financing history for all portfolio companies tracked on Carta. Starting from the fund's initial investment, all subsequent financing rounds will get pulled into Carta Fund Forecasting, regardless of whether you participated or not. The new Tasks and Notifications page will also prompt weekly in-app notifications and review for cap table updates including new rounds for existing investments, net new investments, and newly granted cap table access.

Overall, the integration accelerates your ability to leverage Carta Fund Forecasting’s powerful modeling tools and insights. With immediate access to real time cap table data, you can more quickly track how you're following your original fund construction plan across pacing, reserve optimizations, portfolio insights, and more.

Who is this available for:

This integration is available for all Carta Fund Forecasting customers who have an investment firm account in Carta, with accepted securities issued from portfolio companies on Carta.  If you need assistance with portfolio consolidation to one main firm account, reach out to our team at fund-forecasting@carta.com.

Basic cap table access or higher is also required to pull in a portfolio company's details — learn more here.

How does it work:

1️⃣ Set up the integration by going through investment mapping and data review workflow in Carta Fund Forecasting

2️⃣ Once data has been approved, Performance Cases in the respective Investments page will update with Carta sourced data

3️⃣ Re-sync Carta data on demand, prompting review and approval for Carta updates across new rounds for existing investments, net new investments, and newly granted cap table access.

How do I learn more?

Carta Support Article: How to Use the Investments Integration with Carta Fund Forecasting.

Signup for the Carta Product Webinar on April 1.

Anything else I need to know?

Stay tuned for additional release notes in Q2, covering Carta integration enhancements and updates.

Nathania Fuad

a year ago3/12/2025

Waterfall/Exit modeling support for Change in Control premium's on convertible notes

Companies and investors using our waterfall and exit modeling tools, can now model out the impact of a Change in control premium on their convertible notes. The waterfall tool will now calculate the payout value for convertibles based on the change in control premium and the exit value inputed.

Example: Investor's view of an exit with Convertible notes that have 200% change in control premium

Companies and shareholders can review the terms of a convertible note in the Certificate details modal in their portfolio or on their cap table.

Jordan Agnew

a year ago3/12/2025

SPV formations tool for GP/LP co-investments in the UK

With Carta’s new UK SPV formations tool, you can form and close SPVs as GP/LP co-investments. Set up your UK SPV on Carta using a streamlined in-app flow with enhanced security and compliance checks.

What’s new?

Preparing lengthy legal documents, running rigorous identity checks, navigating limited banking options: forming an SPV in the UK is hard work. Carta streamlines the SPV process at every step, starting with a smooth setup experience.

With our new SPV formations tool, you can form a GP/LP SPV entity and close LPs quickly, efficiently and professionally. The GP/LP co-investment structure gives you control throughout the lifetime of the SPV, ensuring you have decision-making power while minimising the workload for your LPs.

The tool includes:

Who is this available for?

This unhosted SPV is available to regulated investors looking to form a GP/LP SPV in the UK. Current Carta customers can get started with their SPV formation in-app.

How do I use it?

Get started with your SPV formation in-app – reach out to Carta staff to request access, and we’ll share a direct link to the SPV formations page.

  1. Fill out the Engagement Letter request form, specifying which add-on products and services you require. Review your package summary, and submit.

  2. Complete KYC by submitting your Lead Partner identity information.

  3. Review and sign the Engagement Letter.

  4. Confirm your SPV entity name and share stakeholder contact information for the GP entity, Investment Manager and initial LP signatories.

  5. Set up your governing terms.

  6. Sign the LP Agreement and Investment Manager Agreement.

  7. Invite your investors to the SPV on Carta.

Anything else I need to know?

To get started, you’ll need to reach out to Carta staff and request access. Once approved, you’ll receive a direct link to the UK SPV formations page.

a year ago3/3/2025

A New Standard for Closings

What’s new?

We’ve enhanced Carta Closings to give General Partners (GPs) greater visibility into their fundraising progress and provide Limited Partners (LPs) with more flexibility in how they complete subscription documents.

With these updates, GPs can now set clear fundraising goals, manage prospective investors across their pipeline, track progress in real time, and upload offline documents for institutional LPs. LPs also gain multiple signing options to make their subscription process more flexible.

Why is this important?

Fundraising can involve countless emails, manual document handling, and a lack of clear tracking. With these improvements, GPs can better manage their fundraise all in one place while offering LPs a smoother, more efficient signing process.

Key benefits:

✅ Flexible LP signing options– LPs can complete online, download and sign manually, or delegate the task.

✅ Clear fundraising tracking – Set and monitor a fundraising goal with real-time updates while simplifying investor management throughout each stage of your fundraise.

✅ Simplified document workflows – GPs can upload countersigned subscription documents directly in Carta, eliminating email follow-ups.

✅ Streamlined investor management – View and take quick actions based on the stage of your prospective investors. You can additionally filter by status, view KYC results, and archive any prospective LPs who aren’t moving forward.

How does it work?

1️⃣ Flexible Investor Signing Options

LPs can now choose how they want to complete subscription documents:

2️⃣ Track Your Fundraising Goal

GPs can now set a fundraising target in Carta and track progress across every stage of their fundraise.

3️⃣ Upload Countersigned Subdocs Directly

For LPs who prefer to complete documents offline from the start, GPs can now upload fully executed subdocs directly into Carta.

4️⃣ Manage Your Investor Pipeline

Easily organize your investor pipeline through status filters, gain real-time visibility into each investor's KYC process, and archive LPs who aren’t moving forward. Archived investors are still accessible via a “Show archived” filter for future reference.

How do I learn more?

To learn more about Closings for your current or future fundraise, check out this support article or reach out to your Account Manager for a demo.

John Hoffman

a year ago10/4/2024

Investor cap table access experience

Cap table access is essential for understanding your investment portfolio, but companies often wait for a request before granting it. Our goal is to equip investors and portfolio companies with the tools to request and grant access securely. With our latest release, investment firms now have robust tools to manage cap table requests, ask for the specific data levels they need, and follow up with companies to secure access.

What’s new?

We’re making it easier for investment firms to request and manage cap table access from their portfolio companies. :

Who is this available for?

All users with “admin” permission in your investment firm.

How do I use it?

To access the page, navigate to your investment firm account, click on "Tools and services" in your sidebar, and select "Cap table access." You may also receive a prompt from the Investments Overview page to request access.

Anything else I need to know?

If you are not sure what levels you will need access to, Advanced is the most common level we see granted for investors. Portfolio companies can always choose to respond with Basic access, if they do not want to grant advanced.

If there are additional enhancements you would like to see here, you can provide feedback via Carta Community.

Will WD

2 years ago7/15/2024

Equity Reporting Suite: Canceled and Returned Updates

What's new?

As part of our ongoing efforts to enhance accuracy and reliability, we have transitioned our Canceled and Returned report to Carta's Equity Reporting Suite service.

What does the new report offer?

How can I access it?

To access the new Canceled and Returned report, click on Run reports under Essentials or navigate to Cap table and select Run reports.

Where can I learn more?

For more information on Carta's equity reports, please refer to our dedicated support article.

Will WD

2 years ago6/13/2024

New suite of Employee management tools

Starting today, Carta is enabling you to easily determine how much equity to grant employees and when to grant it via new tools such as the Hiring Planner, Refresh Grant Planner, and Equity Pool Forecast.

Only Carta can help you:

What’s new?

With our new suite of Employee management tools, administrators have access to four new features:

  1. Manage Employees hub: See the tools, required steps, and resources to help you hire, manage and retain your team.
  2. Hiring Planner: Add potential new hires to see recommended equity and cash compensation based on market data, and export plans to share with your team and investors.
  3. Refresh Grant Planner: See which employees are completing vesting soon, and plan out refresh grants to tenured employees to help retain top performers
  4. Equity Pool Forecast: Visualize your equity grants, hiring, and retention initiatives and their impact on your equity pool over time.

Who is this available for?

All Corporation founders and administrators who can view their company’s cap table.

How do I use it?

You can access these flows by going to your Carta account, and going to Manage Employees in the side navigation. From there, you can easily access all of the additional tools.

View a demo walkthrough of this feature.

Anything else I need to know?

If there is anything you wish to see here, use the feedback form that will show up when you first visit the Manage employees page. If you have already responded and have additional feedback, or cannot find the form, you can reach out to your CSM or provide feedback via Carta Community.

Will WD

2 years ago2/21/2024

Equity Reporting Suite: Equity Plan Report

What's New?

Carta has revamped the Equity Plan report – consolidating key information from different reports, and adding brand new, highly requested functionality. This update provides a comprehensive overview of your equity landscape via summary figures, the ability to tie the change in values over a period via baked-in formulas, and granular security-level details.

What does the report contain?

Base version:

Optional add-ons when exporting:

How can I access it?

You can download the new Equity Plan report from your Carta company account by navigating to Essentials > Run reports > Equity plan, or by going to Cap Table > Run reports > Equity plan.

Where can I learn more?

For more information on Carta's new Equity Plan Report, please refer to our dedicated support article. Additionally, you can find details on exporting reports in general on our support site.

Will WD

2 years ago1/2/2024

Carta Liquidity: Model Your Tender Offer Transaction

What’s New?

Carta’s Tender Offer Transaction Model report makes it easy to get ready for a tender offer transaction. By directly integrating with your cap table, this report allows you to model stakeholder and security eligibility ahead of a secondary transaction.

How does it work?

The Tender Offer Transaction Model allows companies to create personalized tender offer scenarios based on:

  1. Your cap table data as of a selected vesting date
  2. Eligible share class, equity types, and option types
  3. Participation caps by stakeholder relationship groups
  4. Share or dollar caps by individual stakeholders

The ability to configure these inputs will help answer important size and eligibility considerations as you contemplate and prepare for a transaction.

The report will show you summary statistics of participant counts, maximum share amounts, and maximum dollars by participant group.

Who is this available for?

All Carta Cap Table customers.

How do I access it?

  1. Log into Carta
  2. Click on Essentials > Run Reports
  3. Select Tender Offer Seller Model
  4. Select a record date for which all vested totals will be calculated as of
  5. Export

You’ll receive a notification once the download is complete, and will receive an Excel spreadsheet with live calculations.

If you’re interested in learning more about liquidity, please reach out to company_coverage@cartacapitalmarkets.com or your account manager.

Matt Tsui

2 years ago11/13/2023

Improved Exercised and Settled Report

What’s new?

Carta has revamped the Exercised and Settled report. The report, used to reconcile exercises, settlements and sales recorded in Carta, now runs from our new reporting engine and comes with improvements and new fields:

Who is this available for, and how do I access it?

This is available for company admins with Full Access, Company Editor and View-Only permissions, and can be accessed by going to your company account, navigating to Cap Table > Run reports, and selecting the Exercised and Settled report.

Will WD

2 years ago10/19/2023

Fundraise insights for SAFEs

What’s new?

Introducing a SAFE Insights tool that provides fundraise benchmarks customizable by industry, stage, and location.

Why is it valuable?

One of the first steps of any fundraise is understanding what terms to raise on. This tool helps early-stage companies contextualize the terms they are considering against other comparable companies. The tool leverages a dataset of 38,000 startups and 2 million security holders managing $2.7 trillion in equity to enable founders to negotiate and get funding based on reliable and current data benchmarks.

How does it work?

Companies indicate the terms of their SAFE round including stage, industry, and financing amount raised. Based on their input, the tool  will show  how their specific SAFE terms compare against the latest benchmarks on:

Getting started:

  1. Navigate to the SAFE Financings page under the Fundraising tab

  2. Click on “Go to SAFE terms calculator”

  3. Choose your terms. You do not need to provide all the terms.

  4. Click on calculate, you can now see insights specific to your SAFE round

Shubhi Nigam

2 years ago10/4/2023

Automatic Stakeholder Updates

What’s new?

Customers with an HR Integration can automatically keep stakeholder information up to date! With automatic stakeholder updates, HRIS data for employee addresses, tax IDs, job titles and cost centers can automatically apply in Carta! The Manage Stakeholders page now includes the status and the ability to toggle the feature on and off from a setting modal. Additionally, admins can review these automatic updates via a report.

How does it work?

When setting up a new integration, Carta will automatically enable this functionality to ensure your cap table information is up to date and accurate. For customers with an existing integration, there is no change to the existing experience, but they can opt in from the Manage Stakeholders page.

What do I need to do?

This feature requires an HRIS integration, which can be configured under Company Settings. For more details on available integration partners, see our HRIS Integrations: Overview.

How do I learn more or get help?

Customers can learn more about automatic updates here.

2 years ago9/11/2023

Equity reporting suite: OCX

What's new?

Carta now has an exportable Open Cap Table report.

OCX, also known as the Open Cap Table Excel Standard, is an initiative led by the Open Cap Table Coalition to establish standardized practices for equity data.

OCX serves as a cap table report, similar to Carta's existing cap table feature. However, it represents our commitment to a more standardized approach to equity practices.

To access OCX, navigate to Cap Table > Run reports. You will find the OCX report in the equity report list as well as under the Capitalization folder.

Why is this important?

OCX aims to standardize an ecosystem where various stakeholders operate differently in terms of their practices and data presentation. By adopting a more uniform approach, it enables seamless interaction with equity data and smoother movement across different processes and platforms.

Where can I learn more?

Soon, we will have a dedicated support article for the OCX report, and you can read about our existing reports on our support site. You can also find additional information about OCX in Announcing the Open Cap Table Excel Standard (OCX).

Will WD

2 years ago8/11/2023

Expenses on Carta

What's new?

Submit invoices directly on Carta. Now, you can skip the back-and-forth over email and upload all the required information to set up a wire in two simple steps.

What’s valuable about this change?

From the moment you initiate a vendor payment to when your wire is set up, you can track its progress from anywhere, at any time. Plus, you can maintain your operational cadence and submit invoices to Carta in bulk.

What do I need to do?

  1. Log into your Carta account and click Initiate a vendor payment in your Quick Actions list
  2. Upload the invoice and indicate which bank account to make the payment from
  3. Submit the expense and get an instant progress tracker for your wires

How do I learn more or get help?

Get in touch with your Relationship Manager or talk to one of our representatives today.

Kathleen Meil

2 years ago8/9/2023

Automatically Expense Awards with Event-Based Performance Conditions

What’s new?

Starting August 10, 2023, companies that issue NSOs and RSUs with event-based performance conditions attached to their vesting schedules will now be able to automatically calculate and expense these awards in their SBC Expense, Disclosure, and Dilution reports. Previously, companies that gave out awards with event-based performance conditions calculated their SBC Expense, Disclosure, and Dilution values manually outside of Carta.

Who is this available for?

All Carta Cap Table users with Financial Reporting in their subscription. If you do not yet have Financial Reporting in your subscription, please talk to your Account Manager or email 718@carta.com.

How does it work?

What’s an event-based performance condition?

If an award has a performance condition, it means that the award has a vesting condition that is subject to performance-based criteria. An event-based performance condition is one in which vesting is contingent on a liquidity event such as an IPO.  Carta’s cap table includes support for NSO and RSU awards with event-based performance conditions. Now, companies that issue NSOs or RSUs with event-based performance conditions can automatically expense these options in their financial reports.

How does Carta calculate the fair value assumptions?

Companies can choose to use either Carta’s default fair value assumption or to create a customized one. Carta’s default fair values assumption is calculated with the Black Scholes pricing model, using your company’s Fair Reporting Value at an award’s grant date.

Can I create reports using both US GAAP and IFRS scenarios?

Not at this time. Companies can only expense awards with event-based performance conditions in US GAAP.

Can I attach event-based performance conditions to a specific vest date?

Yes. As of September 14, 2023, companies that issue NSOs and RSUs with event-based performance conditions attached to a specific vesting date can be expensed using our Financial Reporting tool.

Where do I go if I have more questions about financial reporting?

If you have more questions about our Financial Reporting product, please contact 718@carta.com.

Alana Lindall

3 years ago6/21/2023

Separate reports for Fair Market Value (FMV) and Financial Reporting Value (FRV)

What's new?

Beginning on June 21, customers with both Carta 409A and Financial Reporting in their subscription will begin receiving two separate, audit-defensible reports: one with the Fair Market Value (FMV) used for tax purposes, and one with the Financial Reporting Value (FRV) used for accounting purposes.

Delivering these reports separately will more closely align with a changing regulatory environment in which tax guidelines under 409A and accounting standards under ASC 718 diverge.

Historically, Carta has only delivered a single report that values our customers' common stock under section 409A of the tax code. This singular report would double as a valuation used for both tax and accounting purposes, which introduced challenges for customers going through audits - companies are incentivized to keep their FMV low to keep options attractive for employees, while auditors may push companies to increase the Fair Value of stock when calculating stock-based compensation expense.

Disambiguating these two concepts allows our customers to work more flexibly with their auditors while still keeping options and other equity awards attractive as incentives for hiring and retaining talent.

What do I need to do?

If you're a customer with both Carta 409A and Financial Reporting in your subscription, you'll receive two reports the next time you request a 409A valuation from Carta: one with the Fair Market Value (FMV), and one with the Financial Reporting Value (FRV).

The FMV can be used as normal: pricing options, helping employees estimate their tax burden when exercising, Form 3921 filings, etc. The FRV can be used in Carta's Financial Reporting product to calculate the expense associated with stock-based compensation. Customers can work with their auditors to either directly use the provided FRV or adjust it from within Carta's Financial Reporting product as necessary.

For customers with access to both Carta 409A and Financial Reporting in your subscription, you’ll see an additional card for FRV at the top of the Valuations homepage in Carta (Compliance & Tax > 409A Valuations) once you receive and accept a new valuation report from Carta:

You'll also see an extra column in the table at the bottom of the Valuations homepage which shows historical FRVs side-by-side with historical FMVs:

And in Financial Reporting, you'll also see text changes when configuring a scenario:

How do I learn more or get help?

We've created a few help articles with detailed information about FRV and how this value differs from FMV and appears in Carta:

If you've received your FRV report and have further questions, feel free to reach out to val-operations@carta.com - we'd be happy to help.

Stephanie Wittrock

3 years ago4/6/2023

Design Improvements to the RSU Modal

Today we’re making design improvements to the RSU Modal to make it easier for holders to understand the value of their equity.

What is changing?

RSU holders now can see a summary view of their securities in the details tab, including an overview table with units breakdown. Also, double trigger RSUs are no longer stuck in a zeroed state, they can now see a breakdown of vesting information, including time-vested amounts.

Changes to the Details tab of the RSU Modal

RSU holders will see the following information on the RSU details page:

  1. Original quantity / Issued: Total amount of RSUs granted on the issue date
  2. Released for settlement: The number of vested units that have been part of a settlement event
  3. Delivered: The number of shares ultimately delivered to the holder as a result of converting the RSU, after any shares withheld by the issuer as payment for the holder's tax obligation
  4. Withheld at settlement: The number of shares that have been withheld to cover taxes at settlement
  5. Partially-vested amount: eligible for settlement when performance is hit, or the the total number of shares time vested, and available for settlement
  6. Remainder: Resulting number of shares from original quantity, after subtracting settled and withhold amounts

The bottom of the details tab will now include an employee education modal, which will be used to surface important education about their RSUs.

Changes to the Vesting Schedules tab of the RSU Modal

Now, holders can see the cumulative values for all vesting conditions applicable to their RSUs, which can be time or milestone based, with or without additional performance conditions.

We’ve updated the Vesting Schedules tab to account for the following scenarios (screenshots of each below):

  1. Double trigger RSU (Based on time and an additional condition)
  2. Double Trigger RSU (Based on milestones and an additional condition)
  3. Single Trigger RSU (Based on time)
  4. Single Trigger RSU (Based on milestones)
  5. RSU has been terminated or expired

Double trigger RSU (Based on time and an additional condition)

Double Trigger (Based on milestones and an additional condition)

Single trigger (Based on time)

Single trigger (Based on milestones)

RSU has been terminated or expired

Visit the resource center for more details

Have additional questions? Check out support.carta.com to learn more.

Alana Lindall

3 years ago2/10/2023

Improved Employee Matching

What’s new?

This release improves the workflow for matching employees with stakeholders on Carta. Employees with the same name and email as the stakeholder will automatically match, saving their employee ID and thereby linking the stakeholder with the employee record. The improved workflow guides you through reviewing all other employee matches.

How does it work?

For the reviewed matches, you can now ignore, to be reminded next time, or to choose a different stakeholder. These decisions will be saved and will not need to be rematched when running the employee matching workflow. You can now review all matches and update the decisions later.

What do I need to do?

To get started, you will need to connect your external data to Carta either through connecting your HRIS system, uploading a spreadsheet, or pasting the information into Carta directly.

With your external data connected, Carta will attempt to automatically match your employees. From there you review suggested matches, deciding to approve the suggestion, ignore it, remind me later, or manually choosing a different person.

If there are any employees from external data that don’t match at all to Carta stakeholders, you can choose to ignore them or manually choose a person to match.

The workflow is then completed and all matches can be reviewed.

How do I learn more?

For more information on Employee Matching, please read our support article.

3 years ago2/3/2023

Share Class Manager Improvements

What’s new?

The Share Class Manager page will be updated this coming Monday, February 6th to make it easier to navigate, and provide a consistent experience when you are updating AOI terms.

We no longer display a "Link AOI" button at the top of the page. The new flow is designed to be simple and intuitive, with the "Manage Share Class" button giving you access to update existing share classes, add new share classes, and link Articles of Incorporation.

What do I need to do?

Navigate to Capitalization > Manage share classes. Under Manage share classes, there will be three options:

Where can I learn more?

Visit the Share Class Manager support article or contact us via the In-App Help Center.

Will WD

3 years ago11/30/2022

Wire Instructions Update

What’s New

We have made UI improvements to our Wire Instructions for online wire exercises. The new UI better highlights the amount, timeline, and considerations for completing the transfer. The updates include:

Who this affects

All international users who are exercising options via online wire.

How it works

The updated Wire Instructions will be available in the same places as before (Tasks view, PDF, Exercise Progress view). You can see the new templates here:

Tasks view

PDF

Exercise Progress view

Email communication

Both Approval and Reminder emails show the date for Carta to receive funds.

Timing

Additional Resources

Support Article: Exercising Via Online Wire

4 years ago5/30/2022

Account Recovery Measures

Who This Affects

Users without a verified secondary email address

What’s New

Additional emails are required to assist users with providing a secondary login credential in case access to their primary email address is lost. As part of our efforts to improve our clients' account security, we are updating the process of adding and verifying your additional email address.

As part of this release, we will be notifying all users without a verified additional email address to add or verify the email they have listed. This subset of users will be receiving an email notification, as well as an outstanding task in their Carta account’s task manager.

Timing

Namira Wicaksana

4 years ago4/19/2022

Disqualifying Disposition Report - Private Companies

What’s new

Private companies can now report the complete list of all ISO dispositions and see exactly which dispositions qualify for tax incentives and which ones do not, along with Ordinary Income value and other information.

How it works

Under Capitalization > Reports, find the Disqualifying Disposition Report (ISO):

Select the reporting date range, acknowledge the report’s use of in-platform securities and transactions, and then export the report to Excel:

When the report finishes generating, it will be available in the Downloads menu:

The report shows info on Disposition Type, Ordinary Income, FMV and more. In order to be completely transparent, Excel formulas are used for Disposition Type, Ordinary income, First Qualifying Disposition Date, and Disqualifying Reason fields to show how they are calculated:

Who this affects

Private companies with tender offers or secondary ISO transactions captured in Carta.

Timing

Available now for all Private market customers (the Public market Disqualifying Disposition Report is available at request as part of the Early Access release).

Additional resources

For more information around the Disqualifying Disposition Report and underlying data, please refer to this support article.

Webb Allen

4 years ago2/15/2022

New Updated User Roles

Soon, Carta customers will start seeing an expanded set of Roles to help you reflect the different individuals who are handling different aspects of Cap Table management.

For now, users assigned to new roles will serve as point of contact for their areas. Over time, these individuals will see updated experiences and be guided to relevant Carta tools.

To see this experience, Navigate to "Company > Permissions and Roles > Roles"

Alex Chen

4 years ago1/24/2022

Improved Public Exercising Experience

Option exercising with Public companies is now easier than ever.

The exercising experience for public companies has been improved. The exercise request is now a coherent workflow guiding users through each step and providing key information about the exercise. With this detail, users can be more confident with their selection at each step of the exercise request. If there are issues with the exercise, clearer banners explain how Carta calculates share amounts and market prices.

Who this affects: 🇺🇸 Public US companies

What's new:

Action required: No action required

Timing: Released to 100% of all public companies on Jan 24, 2022

Bryan Wells

4 years ago11/9/2021

Tracking Share Class Changes

Private market issuers that go-live on or after 11/09/2021 can now track updates to company share classes’ rights and preferences as they are changed over time. This feature will roll out to other issuers in the next few weeks.

Users with the Legal administrator permissions will be able to make changes to the share class details. Users with the Company editor or Company viewer permissions will only be able to view the share class details.

Experience Overview

  1. Navigate to Securities > Shares.

  2. Click Manage share classes and select Create/edit share classes.

  3. The in-app spreadsheet loads in view-only mode, to prevent accidental input, which is indicated by the grey rows.

  4. Create a new share class by clicking on the related button on the top-right of the screen.

  5. To make edits to the share class details, click the Edit to the right of the AOI version date and name. If editing from the active AOI version, Admins will have the ability to reflect both a clerical error or amendment

  6. If you are editing a past AOI version, Admins will only be able to make edits because of a clerical error.

  7. If reflecting an amendment, Admins will be able to upload the related Articles of Incorporation (AOI) or select one from the Library page. In addition, a name can be added to the AOI version.

  8. Click Continue to save.

  9. At this point, the Admin can make changes in the spreadsheet. The side-panel will expand to show helpful content related to the selected cell.

Cells that are painted light gray cannot be edited because the data may be in-use, a calculated value, or not applicable. Respectively, examples include share class names, the calculated outstanding value, and conversion price for common shares. Reference your AOI or contact your legal partner if you need help filling out this spreadsheet.

  1. After edits have been completed, click Finish editing and save.

Carta will check your entries for any errors and provide actionable messaging to help you make corrections.

  1. Review the summary of changes, then click Confirm and save. No email notifications are sent due to the changes.

  2. Admins can navigate between AOI versions with the AOI version selector, which will show the filing date and version name as dropdown options.

Carta will be making improvements to tracking the company’s cap table, financing history, and reporting in the next few months to incorporate time-versioned share class information.

Have questions? Read about FAQs in our support article.

Alex Chen

4 years ago10/27/2021

Adjust taxes for option exercises

What’s new

Companies can now adjust taxes for option exercises previously approved in Carta.

Legal administrators can navigate to the Exercises ledger (Transactions > Exercises) and select "Adjust taxes" within a ledger row dropdown to find the new tool:

How it works

The "Adjust taxes" tool will not be available for option exercises in the "Requested" status since option exercise approvers can adjust taxes as part of the exercise approval workflow.

For ACH option exercises already approved by the company or for company-entered manual exercises, the "Adjust taxes" tool will be available for use.

After a legal administrator selects "Adjust taxes" from the Exercises ledger, they'll see the following modal:

The legal administrator will be asked to provide a reason for the adjustment. Next, the following actions are available:

Note that new tax types can't be added from this modal. If you'd like to add a new tax type to the exercise, add it first in the Tax rules page (Compliance > Tax rules) and then come back to the "Adjust taxes" tool to add it to the option exercise.

Once the adjustment has been saved, both the company and the stakeholder will see a blue banner when viewing the option grant. The banner contains information about the newly adjusted tax amount and exercise cost in addition to when the adjustment was entered in Carta:

Adjusted tax amounts will also be reflected in the "Exercised and settled report" and the "Tax withholding report" (Capitalization > Reporting).

For more information, check out the support article for the new "Adjust taxes" tool: https://support.carta.com/s/article/adjust-taxes-option-exercises

Who this affects

Private and public companies that issue option grants.

Timing

Available to all companies now.

Vince Lo

4 years ago10/14/2021

Option exercise settings for exercises initiated and settled on Carta

International optionholders of US companies can now exercise online via wire transfer to Carta. As a result, all US companies can now settle exercises through Carta, for both ACH and wire transfers payments. Carta conveniently manages payment reconciliation and payment issues such as insufficient funds or overpayments. This new feature is controlled via the new Transaction Settings page.

Who this affects:

What's new:

Action required:

Timing:

What if the company decides not to enable the tool?

The current company or transaction settings will not be impacted. Remember that enabling Transaction Settings is required for international optionholders to submit online wire exercises!

Resources:

4 years ago9/16/2021

Partially Canceling Option Grants

What’s new

Legal administrators in Carta can now partially cancel an option grant in Carta. Partially canceling an option grant will reduce the number of outstanding shares and return the shares back to the option pool.

How it works

You'll find the partial cancellation tool by navigating Securities > Equity awards and clicking on the ledger dropdown for the specific option you'd like to partially cancel:

First, you'll be asked to provide an effective date for the partial cancellation. A partial cancellation is an amendment to the option grant, and the effective date will determine when the amendment takes effect in the company's as-of date reporting.

Next, select the cancellation method, which determines how the partial cancellation will affect the vesting schedule for the option grant. Because a partial cancellation reduces the outstanding quantity of the option, Carta needs to know from which tranches the shares should be canceled.

Last in, first out cancellation method

For some situations, the issuer or their legal counsel may not specify the way in which the amendment will affect the vesting schedule. Issuers can select the last in, first out cancellation for the vesting schedule, and Carta will cancel shares starting from the future-most tranche and move up the vesting schedule until the specified quantity has been canceled.

Custom cancellation method

For situations in which the issuer or their legal counsel want to affect the vesting schedule in a specific manner with a partial cancellation, issuers can select the "Custom" share allocation method - this approach provides flexibility and allows the issuer to cancel shares from any tranche. The in-app spreadsheet allows legal administrators to first reflect the partial cancellation in a spreadsheet application outside of Carta and then copy/paste the resulting vesting tranches back into Carta.

After selecting "Review and confirm" at the bottom of the page, verify the cancellation quantity and other information to save the partial cancellation.

Additional Resources

For more information around the limitations and best practices for the partial cancellation tool, please refer to this support article.

Who this affects

The new partial cancellation tool is available to the legal administrators in all of Carta's private market customers.

Timing

Available now.

Vince Lo

4 years ago9/16/2021

View Public Company Holdings on Mobile

Users with holdings in public companies will now have the ability to view their holdings for both public and private companies straight from the Carta iOS app. Shareholders can now track market values, view total holdings value and more.

Who this affects

Shareholders with holdings in public companies.

Supported platforms

What's new

With an aim to provide functional and streamlined experiences for shareholders, we’ve brought the ability to view public holdings on the Carta iOS app. Public company cards will now be present among private companies on the home screen. The following information will be displayed for each public company card with the ability to view further details when clicked:

Hira Zahid

4 years ago8/31/2021

Instant KYC for Non-Individual LPs Completing Subscription Documents

Non-individual Limited Partners who complete subscription documents on Carta can now be KYC’ed instantly.

What’s New

This release is a follow-up to our KYC for Individual LPs feature. If your fund leverages Carta’s KYC/AML service and you have non-individual Limited Partners (LPs) completing subscription documents in Carta, these LPs can now be instantly KYC’ed on the platform. Carta instantly KYCs the LP's control person and beneficial owner(s) in addition to the LP entity itself.

Carta’s instant KYC feature is made possible by Carta integrations with identity and verification databases like LexisNexis, Ekata, Socure, and more.

Limitations

How it Works

  1. As an LP completes their subscription documents, non-individual LPs (for funds that avail of Carta’s KYC/AML service) will see a dedicated Know Your Customer section. Upon landing here, LPs will first be asked if their control person and beneficial owner(s) are all US persons -

  2. If the control person and beneficial owner(s) are all US persons, then the LP will be shown forms to enter KYC information for these individual(s) -

  3. Finally, the LP is also able to upload any entity formation documents and photo IDs here:

  4. Once subscription documents are signed by the LP, the following are instantly KYC'ed: the LP entity, control person, and beneficial owner(s). If all pass KYC, this is immediately reflected in the Carta UI and General Partners are notified to countersign -

Timing: Rolled out to all on Aug 31, 2021

Audience: US-based Limited Partners, General Partners

Steven Camina

5 years ago7/20/2021

Modify and Request Information From Portfolio Companies

What’s new?

Our Portfolio Insights clients can now easily request information from their Portfolio Companies. We’ve created the flexibility to select file types, KPIs, or information about the portfolio companies’ upcoming financings.

How it works

  1. Navigate to Manage RFIs under Settings and select which companies from your portfolio you’d like to make edits to:

  2. Enabled: Will request data from Portfolio Companies

  3. Fiscal Schedule: Control if your request is a standard quarter end, or +1 or +2 month end (e.g. Q2 fiscal schedule of July 30 or August 30)

  4. FND: Ask if Portfolio Company will be raising funds in the next year, if so, by when and how much.

  5. AER: Do you want to send automatic email reminders if the Portfolio Companies did not reply.

  6. Period: Request income statement figures for the last 3 months, 6 months, or 12 months

  7. Requested Files: Request between:

  8. Articles of incorporation and Cap Table (for companies that don’t manage their cap table on Carta)

    1. Financials
    2. Forecast and Board Decks.

  9. Requested KPIs: Select from the list of 40 industry standard KPIs (Users, ARR, Web Traffic, etc). Enable KPIs individually or in industry-specific batches.

  10. Toggle data collection, tailor the documents to be requested, and enable various KPI fields for a more intuitive RFI preparation process

  11. Save preferences and send your next portfolio RFI during your typical request cadence.

  12. Portfolio company upload portals will be customized accordingly, ensuring you’re only requesting exactly what you need from each logo

Suggestions

We recommend limiting KPIs to 3 or 4 to keep portfolio company upload portals from becoming overwhelming.

Limitations

Custom KPI (i.e. those that don’t exist in our drop down) functionality is scheduled to be available late Q3 2021.

Timing

The configuration page is currently released and enabled for all Portfolio Insights clients.

Questions?

For more information regarding RFI configuration, or portfolio insights, please reach out directly to your portfolio insights account manager or portfolio-kpi@carta.com.

Keyvan Firouzi

5 years ago7/20/2021

Home Screen Redesign on Mobile

Users with holdings in private companies can now view their holdings details straight from the home screen for easy access.

Who this affects

Shareholders with holdings in private companies.

Supported Platforms

What’s New

With an objective to provide insightful experiences, we’ve redesigned the home screen on the Carta app to display important holding details for each company. Company cards will now present the following information with the ability to view further details when clicked:

Kimberley Chong

5 years ago7/1/2021

Instant KYC for LPs Completing Subscription Documents

Limited Partners completing subscription documents on Carta can now be KYC’ed instantly.

What’s New

If your fund leverages Carta’s KYC/AML service and you have Limited Partners (LPs) completing subscription documents in Carta, these LPs are now instantly KYC’ed on the platform.

Carta’s new instant KYC feature is made possible by Carta integrations with identity and verification databases like LexisNexis, Ekata, Socure, and more.

Limitations

How it Works

  1. As an LP completes their subscription documents, individual LPs (for funds that avail of Carta’s KYC/AML service), will now see a dedicated Know Your Customer section. Here, LPs can input the additionally required information for KYC -

  2. Once subscription documents are signed by the LP, the LP is instantly KYC’ed. If the LP passes KYC, this is immediately reflected in Carta and General Partners are notified to countersign -

Timing: Rolled out to Limited Partners on July 1, 2021

Audience: Limited Partners, General Partners

Steven Camina

5 years ago6/24/2021

Public Cash Exercising Redesign

Users: Option holders of public companies

Platform: Web (iOS and Android coming soon)

With an objective to unify the cash exercising experience between private and public companies, we've enhanced the Public "Cash" Exercising flow on Web to make the steps more seamless, intuitive and easy to follow. Implementing these changes to the exercising workflow allows users to review all the important details relating to their option grant exercise in a step-by-step manner, eliminating confusion about tax withholdings and allows them to better understand the stages of their exercise.

While our previous Cash Exercising workflow for public companies got us some great mileage, our processes and their caveats have evolved, which called for a cleaner, simpler and an overall better user experience. Below are some of the highlights that the new Cash Exercising workflow will introduce:

  1. Step-by-step procedure: Intuitive and easy to follow, allowing the user to fully understand the process
  2. Improved tax estimation/information: Targeted tax withholdings information provided to user with respect to the option grant type being exercised
  3. Cleaner UI: Revamped headings, body text, call to action, helpful support links and more!

Irteza Arif

5 years ago5/27/2021

ISO 100K Dashboard

Get the transparency you need to manage ISO/NSO splits with the new ISO 100K dashboard in Carta.

Who this affects

All Carta customers can now access the dashboard under Compliance > ISO 100K.

What's new

The 100K rule for ISOs has been a historically opaque concept in Carta - customers and their legal counsel have often found it difficult to understand how the application of the rule results in the specific bifurcation of ISO vs NSO shares in a particular option grant.

The new ISO 100K dashboard brings a new level of transparency to the way in which ISO options are bifurcated according to Carta's automatic application of the 100K rules. For specific transactions and amendments that fall outside the purview of Carta's automatic bifurcation estimates, customers and their legal counsel can request access to the dashboard's grant editor feature, which allows legal administrators to change the ISO/NSO split estimated by Carta.

Last thing to mention: we worked closely with Orrick (one of Carta's law firm partners) to make sure we were solving this problem in a way that allowed our law firm partners to better support our customers. You can read more about that here on Carta's blog.

Timing

Available now to all Carta customers.

Vince Lo

5 years ago5/19/2021

Preview and and manage compensation plans

With the new Plans page, you can now craft and manage your compensation plan to meet the needs of a changing workforce. With Plans you can:

  1. Review your active plan or create a new plan.
  2. Edit and preview draft plans.
  3. View your plan history.

Before making modifications to your plan, preview will allow you to see how a change in peer group, band ranges, or location strategy could impact your employees' compensation targets.

Availability

David Lichtenstein

5 years ago5/11/2021

Partners' capital status included in exports

This past week we've added partners' capital status to the partners export. We know keeping tracking this is important for funds and can be a pain to do manually. Our Partners' exports on Carta now included the following information:

These updates apply to both the fund level and 'All Partners' export. We've added the following columns to the partners export.

Where to find: Log in to Carta > Select a fund within your investment firm > Navigate to the Partners tab > Select 'Export partners'

Timing: Rolled out to funds using our Fund Administration services on April 30, 2021.

Audience: General Partners, CFOs, Investment teams.

Jordan Agnew

5 years ago4/26/2021

Fund performance metrics on Carta

We know how important Carta is in helping fund managers manage and track the performance of their funds. This month we've add a host of new features to help fund managers get and understand the metrics they need about their funds.

Here's whats new:

1. New fund performance page

Example of new Fund Performance page:

Example of traceback of TVPI metric as of 12/31/2020:

2. New Excel export:

We've added a new export on the page that includes all the metrics and details about the underlying data.

3. Support for parallel entities:

We've also added support for parallel entities (or fund families). You will be able to see all the above features at a consolidated level.

Where to find: Log in to Carta > Select a fund within your investment firm > Select the Fund performance tab

Timing: Rolled out to funds using our Fund Administration services on April 16, 2021.

Audience: General Partners, CFOs, Investment teams, Limited Partners.

Jordan Agnew

5 years ago4/19/2021

Carta’s public company reporting experience has been updated

What’s changing?

The public reporting experience has been enhanced and is now more consistent with Carta’s private markets reporting. Public company administrators can now more easily run reports in Carta.

Improvements include:

A Virtual Tour is available via the Start Virtual Tour link at the top left corner of the reporting experience. For a limited time, the legacy reporting page can be visited via the Take me Back button at the top of the page.

Who this affects

Public company administrators

Timing

This feature will be available on 4/19/2021.

Bryan Wells

5 years ago4/12/2021

Run a Single Report to Aggregate Security-Level Details by Stakeholder

What's changing?

Companies can now quickly get the information they need and reduce room for error through our new report builder template. This ‘stakeholder ledger’ enables admins to pull information on stakeholders, cap table, and vesting information in a single report.

Users no longer need to combine multiple reports or run offline calculations to view vested/unvested, forfeited, excised, cost center, employee ID, and relationship in one place.

To create a Stakeholder Aggregate report on Report Builder

Click ‘Create a custom report’ on the Capitalization > Reporting page, and select ‘Stakeholder ledger’.

This will open up the Report Builder interface. From here, you can select any of the available columns. Note that not all columns are available, as some cannot be aggregated at the stakeholder level.

What’s next?

During Q2 we will be adding additional columns, starting with fully diluted ownership. We will also be adding additional filtering options, starting with specific equity plans and share classes.

Alex Chen

5 years ago4/2/2021

Vesting & Exercise Status Bars

Users viewing the "Vesting schedule" tab in the security details modal will now see a new column in the "Progress" section labeled "Status" under which progress bars appear next to each vesting tranche that indicate the vesting and/or exercise status for each vesting tranche.

Who this affects

All users in all companies with securities that have vesting schedules

What's new

For security holders and administrators viewing individual security details, click on the "Vesting schedule" tab to see the new status bars (see red boxes below):

Depending on the status of a security's vesting and exercise status, you'll see the following colors:

Previously, if there was an exercise for part of a vesting tranche, you'd either see the row colored in gray if the tranche was unvested, or you'd see the row colored in blue if the tranche was vested - this was confusing since neither of these results were technically accurate.

Now, if a vested tranche is partially exercised, you'll see the dark blue exercise color overlaid on the light blue vested color (show below). If an unvested tranche is partially exercised in the case of an early exercisable option grant, you'll see the dark blue exercise color overlaid on the gray unvested color.

Timing

Live now!

Vince Lo

5 years ago4/1/2021

Exercise History - Shareholders can now centrally view their complete exercise history

Users can now access their exercise history across their entire portfolio in one spot. This makes it easy to review their activities over a defined time frame - like a tax year!

Who this affects:

What's new:

Timing:

Where to find Exercise History

Gwynne Burgess

5 years ago3/19/2021

Automated partner matching for Schedule K-1 uploads

Sending K-1s to the right Limited Partners can be a manual, error-prone process. The new K-1 uploader helps ensure that every tax document goes to the right LP. When you upload your K-1s into Carta, our system will automatically match or suggest matches for LPs based upon name and tax ID.

Who this affects

LP Portal customers, Fund Admin customers

What’s new

We have released a new tool for LP Portal customers to easily upload Schedule K-1 tax documents. This is the same tool used by Carta’s internal fund administrators.

The tool scans each K-1 to look for partner names and tax IDs, and compares them to the names and tax IDs we have on file.

If a K-1 matches with exactly one partner, the tool will automatically assign it to that partner.

If the tool is unable to definitively assign a document to a partner, it will suggest potential matches for user review.

To access the K-1 uploader, visit the Partners tab. Under Documents, select Upload documents and choose Schedule K-1.

Timing : This feature was released March 3, 2021

Ives Chor

5 years ago3/4/2021

New Equity Reporting Page

Starting 3/22, clicking on the Reporting from the Capitalization dropdown will take you to the new Equity Reporting page.

The new page contains all the equity reports you're familiar with along with significant improvements to help you access data more quickly and in the manner that you need. You'll notice:

You'll be able to switch back to the classic reporting experience via the blue banner at the top of the new Equity Reporting page until 4/5/21.

For questions or comments, please email out to reports-feedback@carta.com

Alex Chen

5 years ago2/26/2021

Biometrics Login on Mobile

To provide safe and easy access to our mobile users, we are introducing biometrics login on the Carta iOS and Android apps.

This update will make it easy for users to log in to the Carta app through the use of Touch ID or Face ID on supported iOS devices, and Facial or Fingerprint recognition on supported Android devices.

Note: Only biometrics login for a single account is supported at this time.

Sudeep Kumar

5 years ago2/18/2021

Fund Administration Experience on Mobile

Carta Fund Administration clients can now access both company investments and fund overview information on the Carta iOS and Android apps. This will help investors get information on the go.

Who this affects

Fund administration clients

What’s new

Fund administration clients can now view both company investments and an overview of their fund entities on Carta.

Sudeep Kumar