4 months ago3/17/2026 [**Minor improvements to Cap table report with drafts for PIU and phantom/CBU**](https://releasenotes.carta.com/minor-improvements-to-cap-table-report-with-drafts-for-piu-and-phantom-cbu-WEn9m) # 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: - CBUs from plan are included - Non‑plan CBUs are excluded - PIUs from plan are excluded # 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**](https://releasenotes.carta.com/new-intercompany-balances-view-3s6vm0) 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: - **Firm-level Clarity**: Easily see net amounts due-to and due-from a primary entity and all related entities. - **See What Ties Out**: Balances are automatically categorized as "Settled," "Ready to Settle," or "Pending Review” so you immediately know what’s actionable. - **Visibility into Available Cash**: Confirm sufficient funds are available for settlement with a real-time view of entity bank balances. - **Audit the Underlying Journals**: Quickly dig into entities’ trial balances for deeper review of intercompany accounts and journal details. **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](https://support.carta.com/kb/guide/en/how-to-use-the-intercompany-balance-tool-8UZdXmPfhZ/Steps/4907077). Sam Engel 8 months ago11/17/2025 [**New: Data Explorer**](https://releasenotes.carta.com/new-data-explorer-16JGmI) 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: - **Get full visibility**: View consolidated data across every fund and SPV in one place for faster insights generation. - **Create custom reports**: Build pivots, dashboards, and visualizations tailored to your needs—no spreadsheets required. - **Benchmark performance**: Instantly compare your fund metrics against peers by vintage and AUM. - **Automate data extraction**: Easily connect Carta’s data pipeline to your existing systems via a Snowflake secure data share or API-based connector. ### 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](https://docs.carta.com/carta/docs/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](https://support.carta.com/kb/guide/en/how-to-leverage-data-explorer-for-your-fund-gkjYz5GgUJ/Steps/4671117) in the Carta Support Center. Leah Rodriguez 8 months ago11/6/2025 [**New: Integrated Budgeting Engine for Management Company Administration**](https://releasenotes.carta.com/new-integrated-budgeting-engine-for-management-company-administration-yFgEU) 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: - **Budget Generation:** Create a baseline annual budget in minutes using your historical spend and management fee schedules - **Bulk Editing:** Update budgets inline and by applying bulk changes, including splitting annual amounts across months and adding a budget buffer percentage for expense categories - **Edit History:** See an audit log of who made edits, what they changed, and when - **On-demand Budget Refresh:** Run fresh budget recommendations with the latest data, whenever you want **Who is this available for?** This feature is available for all customers with Carta’s [Management Company Administration](/content/fund-management/manco-administration/index.html) 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](https://support.carta.com/kb/guide/en/how-to-use-cartas-budgeting-engine-1Z8BDaA4mb/Steps/4817639) or reach out to your Carta Fund Admin team. Sam Engel 9 months ago10/1/2025 [**Introducing Single Sign-On for Carta Companies**](https://releasenotes.carta.com/introducing-single-sign-on-for-carta-companies-4p3zqM) **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](https://support.carta.com/kb/guide/en/how-to-contact-carta-guEh25yH5d/Steps/3724418) 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](https://support.carta.com/kb/guide/en/how-to-configure-corporate-sso-gyQA3aGzLC/Steps/4445955). Webb Allen 10 months ago9/22/2025 [**Fund admin dashboard spotlight**](https://releasenotes.carta.com/fund-admin-dashboard-spotlight-22zb4k) #### 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: - **Capital call approvals** that need your review. - **Updates on active workflows** as they progress such as capital calls and distributions. 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**](https://releasenotes.carta.com/new-introducing-company-financials-integration-for-carta-fund-forecasting-4Ankf6) Carta Fund Forecasting now integrates directly with [Carta Data Collection](/content/fund-management/fund-administration/portfolio-insights/index.html), 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: - Rely on financials and KPIs in Carta Data Collection as the source of truth; updates automatically sync in Carta Fund Forecasting. - Analyze metrics over time by company and by KPI with flexible charts and visualizations. - Build custom formulas, compute valuation multiples, and uncover deeper insights. - Customize and deliver on tear sheets and reports focused on financials and KPIs. **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](mailto: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](https://support.carta.com/kb/guide/en/how-to-leverage-tactycs-financials-integration-with-carta-MBypltXles/Steps/4682740): Company Financials Integration with Carta Fund Forecasting. Watch the [Q3 2025: What's New, What's Next Webinar recording](/content/events/fund-admin-25-q3/index.html) Nathania Fuad 11 months ago8/19/2025 [**Updated QSBS Attestation to maximize new exclusions and benefits**](https://releasenotes.carta.com/updated-qsbs-attestation-to-maximize-new-exclusions-and-benefits-1ez1GE) 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: - Maximize potential QSBS tax exclusions across new and existing grants - Confidently communicate eligibility status to founders, employees, and investors - Maintain audit-ready records with less manual effort 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](https://support.carta.com/). **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**](https://releasenotes.carta.com/enhancements-to-the-carta-fund-forecasting-investments-integration-417dqE) 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: - **Choose what to keep:** Selectively retain investment events already in Carta Fund Forecasting, and decide which financing rounds to sync from Carta. - **Clear visibility:** Carta-sourced data includes distinct branding and color-coding, giving you clarity on where your data comes from - **Full control:** All synced data remains fully editable in Carta Fund Forecasting after import. You can also 2\. SOI Driven Integration **(for Carta Fund Admin <> Fund Forecasting customers)**: - **Improved accuracy:** For any portfolio company with a cap table in Carta, we now anchor investment data directly from the Statement of Investments (SOI). - **Enriched context:** SOI data is enhanced with Carta’s complete cap table information to ensure (1) accurate ownership calculations across events and (2) inclusion of non-participating rounds **How do I learn more?** [Carta Fund Forecasting: Support Article](https://support.carta.com/kb/guide/en/how-to-leverage-tactycs-cap-table-integration-with-carta-vZn47rttbr/Steps/4190091) **Anything else I need to know?** Specific user and firm permissions are required for integration setup — learn more [here](https://support.carta.com/kb/guide/en/how-to-leverage-tactycs-cap-table-integration-with-carta-vZn47rttbr/Steps/4190091,4192203). **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**](https://releasenotes.carta.com/multi-party-collaboration-in-closings-U6g1O) # 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: - **White-glove service:** Pre-fill your LP’s subdocs while also being able to view and edit in-progress investor questionnaires to proactively assist your LPs through the subscription process - **Enhanced investor management:** Add multiple contacts per investor and proactively designate signatories when sending invitations - **Broader visibility:** Maintain a comprehensive view of all contacts associated with each LP in an updated investor ledger - **Multi-party data room access:** All LP contacts can now access your Closings data room when invited ### For Limited Partners: - **Flexible collaboration:** Add team members, wealth advisors, joint subscribers or other stakeholders to help complete the sections of the questionnaire on your behalf - **Transparent access & permissions:** Maintain visibility into who has access to the questionnaire and define account contact permissions for managing the investment in Carta. # 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](https://support.carta.com/kb/guide/en/how-to-manage-fund-subscriptions-with-carta-closings-WXcdtv3wJS/Steps/3724590) 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**](https://releasenotes.carta.com/new-gp-carry-tracking-4i7dTi) 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. - **Two integrated solutions in one platform:** Manage both GP Entities and GP Carry on one platform, with automated data flows between fund-level events and individual GP member allocations. - **Real time carry & capital account balances:** Fund events that impact the GP entity flow through automatically, enabling interperiod reporting on carry and capital balances for GP members. - **Complete Carry Visibility:** Track vested and unvested carry percentages, capital commitments, and accrued carry amounts all in one view. - **Automated PCAP Generation:** Generate and share partner capital account statements directly from Carta, giving GPs full transparency into their carried interest with detailed breakdowns powered by the Carta general ledger. - **Streamlined Carry Administration:** Issue multiple carry grants to recipients while standardizing vesting plans across your firm. Auto-generate and execute legal documents through templated workflows that eliminate manual document creation. - **Intelligent Rebalancing:** When unissued or unvested carry gets allocated to managing members, our system automatically records and accounts for these changes with downstream transactions rebalancing carry accordingly. - **Self-Service GP Portal:** Transform complex legal language into an intuitive interface your partners can explore independently. Access PCAPs, K-1s, and financial reporting without back-and-forth emails or spreadsheet requests. - **Deep Financial Insights:** Dive into the numbers for any reporting period with views powered by our general ledger that show exactly where each figure originated, with a complete audit trail included. ## 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**](https://releasenotes.carta.com/carta-fund-admin-now-integrates-with-ramp-to-sync-your-expenses-1EA4zS) 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:** - Real-time Financial Visibility: See your financial position without delay—down to the transaction level. Now you can easily update your GL by syncing your latest expenses straight from Ramp. - Accurate and Consistent Reconciliations: Speed up month-end close with built-in categorization rules. Use our pre-built mappings (or create your own) to populate your Carta general ledger accounts based on your Ramp categories. - A Single Source of Truth: Maintain audit readiness with full transaction-level visibility. Sync expenses as soon as they’re ready or hold them in Ramp’s review queue until approved. Drill into every detail from within your Carta GL. 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](https://support.carta.com/kb/guide/en/how-to-get-started-with-cartas-ramp-integration-XMozb4nCVf/Steps/4216122) for more on enabling the integration and getting started. Sam Engel a year ago5/27/2025 [**New: Carta Fund Admin <> Fund Forecasting Integration**](https://releasenotes.carta.com/new-carta-fund-admin-fund-forecasting-integration-cSyqs) 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: - Review and approve partner details, commitments, capital calls, distributions, management fees, and fund expenses - Save time by syncing real actuals instead of relying on outdated or estimated figures - Improve accuracy of forecasts and performance metrics like IRR, DPI, and TVPI - Enable scenario analysis that adapts in real time as capital activity changes - Streamline LP reporting and internal reviews with updated data **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](mailto:fund-forecasting@carta.com) for any questions. **How does it work:** **How do I learn more?** [Carta Support Article](https://support.carta.com/kb/guide/en/how-to-leverage-tactycs-fund-admin-integration-with-carta-NjHjsFUP8d/Steps/4394364): Carta Fund Admin <> Fund Forecasting Integration Signup for the [Carta Fund Forecasting Webinar](/content/events/data-driven-decisions-with-tactyc/index.html) 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**](https://releasenotes.carta.com/new-share-company-financial-statements-via-investor-updates-on-carta-1R2dUs) **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 1. Once you’ve prepared connecting your accounting system and composed your investor update, you can review your financial statements. 1. 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. 2. 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. 1. 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](https://support.carta.com/kb/guide/en/how-to-send-communications-through-carta-8vDtLiqvsU/Steps/3707266). For feedback about this new feature, communication center, or Carta you can [reach out here](https://support.carta.com/kb/guide/en/how-to-contact-carta-guEh25yH5d/Steps/3724418)! Will WD a year ago3/14/2025 [**New: Investments Integration with Carta Fund Forecasting**](https://releasenotes.carta.com/new-investments-integration-with-carta-fund-forecasting-3QJcT6) 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](mailto:fund-forecasting@carta.com). Basic cap table access or higher is also required to pull in a portfolio company's details — learn more [here](https://support.carta.com/kb/guide/en/how-to-request-cap-table-access-to-a-portfolio-company-hSjVe9hYNp/Steps/3725217). **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](https://support.carta.com/kb/guide/en/how-to-leverage-tactycs-integration-with-carta-vZn47rttbr/Steps/4190091): How to Use the Investments Integration with Carta Fund Forecasting. Signup for the [Carta Product Webinar](https://www.linkedin.com/video/event/urn:li:ugcPost:7305726338915520512) 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**](https://releasenotes.carta.com/waterfall-exit-modeling-support-for-change-in-control-premiums-on-convertible-notes-4scO9G) 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**](https://releasenotes.carta.com/spv-formations-tool-for-gp-lp-co-investments-in-the-uk-3Nkzqo) 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: - An in-app formation process that guides Lead Partners through each step - Smooth in-app closing with subdocs and support for SPV investors - Bank account opening within 24 hours - A dedicated portal for investors to sign documents, fulfill capital calls and view documents - Comprehensive KYC/AML services for vetting SPV stakeholders and assessing investor identity risk ## 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. 1. Set up your governing terms. 2. Sign the LP Agreement and Investment Manager Agreement. 3. 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**](https://releasenotes.carta.com/a-new-standard-for-closings-PnX2w) ## 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: - Complete and sign online - Download to complete manually, sign, and re-upload - Delegate to someone else ### 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](https://support.carta.com/kb/guide/en/how-to-manage-fund-subscriptions-with-carta-closings-WXcdtv3wJS/Steps/3724590) or reach out to your Account Manager for a demo. John Hoffman a year ago10/4/2024 [**Investor cap table access experience**](https://releasenotes.carta.com/investor-cap-table-access-experience-1xsJ56) 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. : - See how many portfolio companies are on Carta, your access status, and any open requests. Sort and filter by access level, company name, date, holdings, and status. - Send bulk or individual requests and reminders for cap table access in two clicks. - Export reports with access levels, request details, company status, and contact info for investor questions. **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](https://community.carta.com/participate/productideas). Will WD 2 years ago7/15/2024 [**Equity Reporting Suite: Canceled and Returned Updates**](https://releasenotes.carta.com/equity-reporting-suite-canceled-and-returned-updates-1n8i6Q) **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? - Consistent Date Formatting: All date columns are now displayed as MM/DD/YYYY for consistency across reports. - Standardized Security ID Field: The "Security ID" field is now uniformly formatted across all new reports, facilitating easier reconciliation. - Uniform Quantity Columns: All quantity-related columns, including "Quantity Issued," "Quantity Canceled," "Quantity Forfeited," "Quantity Repurchased," and "Quantity Transferred," are now displayed consistently to simplify reconciliation. - Detailed Transaction Type Field: The new "Transaction Type" field replaces the old "Reason for Cancellation" field. This new field offers more detailed transaction discrimination and resolves previous issues with reconciling shares returning due to grant life expiration (now tracked under "Lifetime Ended"). It also tracks options canceled due to repricing. - Termination Date: A new "Termination Date" field has been added to further streamline reconciliations. #### 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](https://support.carta.com/s/article/export-reports). Will WD 2 years ago6/13/2024 [**New suite of Employee management tools**](https://releasenotes.carta.com/new-suite-of-employee-management-tools-1v1Lag) 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: - Minimize manual work using a single platform - Take a proactive approach to thinking about impacts of equity grants on your equity pool - Conduct accurate forecasting using integrated benchmarks from Carta Total Compensation ### 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](/content/events/forecasting-employee-compensation-accurately/index.html). ### 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](https://community.carta.com/participate/productideas). Will WD 2 years ago2/21/2024 [**Equity Reporting Suite: Equity Plan Report**](https://releasenotes.carta.com/equity-reporting-suite-equity-plan-report-1cEvxC) ## 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: - **Available Report**: Obtain a holistic snapshot of your equity plan, including reserved, outstanding, and available shares, for centralized monitoring and management. - **Equity Plan Granted**: Delve into security-level details to track issued, outstanding, vested and more, for optimized management of individual security allocations within your plan. - **Canceled And Returned**: Stay informed about cancellation transactions, understanding the status of securities returning to the pool due to various events, ensuring accurate reconciliation and planning. - **Pourovers**: Track share movement between equity plans transparently, for seamless reconciliation and efficient equity management. Optional add-ons when exporting: - **Transactions Ledger**: Monitor all share movements with a breakdown of transactions affecting equity pool values, for detailed reporting and analysis. - **Rollforward**: Tie out the movement of equity issued under the plan, filtering by period, plan, and even stakeholder to gain insights into share movement over time with ease and clarity. - **Stakeholder Sums**: Get a concise summary of outstanding securities for each participant, for efficient monitoring of individual stakeholder positions within your equity plan. ## 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](https://support.carta.com/s/article/equity-plan-report). Additionally, you can find details on exporting reports in general on our [support site](https://support.carta.com/s/article/export-reports). Will WD 2 years ago1/2/2024 [**Carta Liquidity: Model Your Tender Offer Transaction**](https://releasenotes.carta.com/carta-liquidity-model-your-tender-offer-transaction-3Kjj3i) **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](mailto:company_coverage@cartacapitalmarkets.com) or your account manager. Matt Tsui 2 years ago11/13/2023 [**Improved Exercised and Settled Report**](https://releasenotes.carta.com/improved-exercised-and-settled-report-l1HcA) **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: - All equity plans in a single report: the updated version includes all of your equity plans within a single report, allowing for easier transactional reconciliation. - Dedicated Options and RSUs tabs: the improved version provides separate tabs for option exercises and RSU settlements, condensing and simplifying the tabs to show the fields you care about. - Early exercise: the new report displays which exercises occurred as early exercises, before the underlying shares had vested. - Payroll ID: all transactions now have their associated stakeholder payroll ID included to improve payroll reconciliation, assuming the ID was input in the platform. - RSU withhold-to-cover: the report now accounts for the settlements run using Carta's bulk RSU settlement tool, providing information on quantity withheld and quantity released. - Two FMV fields: to allow for easier reconciliation of FMV at exercise, the Exercised and Settled report now displays two FMV fields -- the FMV as shown to the stakeholder at the time they requested the exercise, and the FMV from the 409A page covering that exercise period. - Country and state: improve internal controls, tax reporting, and review in case of holders from several different countries/states. **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**](https://releasenotes.carta.com/fundraise-insights-for-safes-13fOUg) **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: - Pre-money valuation caps - SAFE term distribution - Discounts - Number of investors per round Getting started: 1. Navigate to the SAFE Financings page under the Fundraising tab 2. Click on “Go to SAFE terms calculator” 1. Choose your terms. You do not need to provide all the terms. 1. Click on calculate, you can now see insights specific to your SAFE round Shubhi Nigam 2 years ago10/4/2023 [**Automatic Stakeholder Updates**](https://releasenotes.carta.com/automatic-stakeholder-updates-3pGUGk) ## 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](https://support.carta.com/s/article/hris-integrations-overview). ## How do I learn more or get help? Customers can learn more about automatic updates [here](https://support.carta.com/s/article/automatic-stakeholder-updates). 2 years ago9/11/2023 [**Equity reporting suite: OCX**](https://releasenotes.carta.com/equity-reporting-suite-ocx-1EEcfe) ## 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](https://open-cap-table-coalition.github.io/Open-Cap-Format-OCF/) 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](https://support.carta.com/s/article/export-reports). You can also find additional information about OCX in [Announcing the Open Cap Table Excel Standard (OCX)](https://medium.com/@opencaptable/announcing-the-open-cap-table-excel-standard-ocx-d70f5c6db4b0). Will WD 2 years ago8/11/2023 [**Expenses on Carta**](https://releasenotes.carta.com/expenses-on-carta-3HLK1O) **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](/content/requestdemo/?ir=inv-overview-hero1/index.html) today. Kathleen Meil 2 years ago8/9/2023 [**Automatically Expense Awards with Event-Based Performance Conditions**](https://releasenotes.carta.com/automatically-expense-awards-with-event-based-performance-conditions-XspZ6) ### 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? - Log in to Carta, and navigate to Compliance & Tax > Financial Reporting. - Create a new report. The date range for the report should include the date when a performance award was granted. - Once an award has met all performance conditions, there will be a true-up of the expense and any values will be allocated accurately as per FASB US GAAP guidance. - If the performance conditions have not been met, the expense will be reported as 0 per US GAAP guidance. ### 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](https://support.carta.com/s/article/black-scholes), using your company’s [Fair Reporting Value](https://support.carta.com/s/article/financial-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](mailto:718@carta.com). Alana Lindall 3 years ago6/21/2023 [**Separate reports for Fair Market Value (FMV) and Financial Reporting Value (FRV)**](https://releasenotes.carta.com/separate-reports-for-fair-market-value-fmv-and-financial-reporting-value-frv-1PQwJG) # **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: - [Separate Reports for Fair Market Value and Financial Reporting Value](https://support.carta.com/s/article/split-reports) - [409A and ASC 718 Compliance: Carta’s Financial Reporting Value (FRV)](https://support.carta.com/s/article/fmv-and-frv) - [Financial Reporting (V3): Carta’s Financial Reporting Value (FRV)](https://support.carta.com/s/article/financial-reporting-value) If you've received your FRV report and have further questions, feel free to reach out to [val-operations@carta.com](mailto:val-operations@carta.com) \- we'd be happy to help. Stephanie Wittrock 3 years ago4/6/2023 [**Design Improvements to the RSU Modal**](https://releasenotes.carta.com/design-improvements-to-the-rsu-modal-2JdGlq) 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](http://support.carta.com/) to learn more. Alana Lindall 3 years ago2/10/2023 [**Improved Employee Matching**](https://releasenotes.carta.com/improved-employee-matching-1AIPTy) ### 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](https://support.carta.com/s/article/stakeholder-details-reconciliation). 3 years ago2/3/2023 [**Share Class Manager Improvements**](https://releasenotes.carta.com/share-class-manager-improvements-2Mvrwc) **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: - Create new share class - Edit existing share classes - Add historical AOIs **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**](https://releasenotes.carta.com/wire-instructions-update-4pRl5e) ## 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: - User and exercise specific details such as grant, company, option holder, date, and amount. - Clearer instructions for the bank on how to handle intermediary fees with specific SWIFT payment instructions. - Approval and reminder emails now show the last day for Carta to receive funds, so the exercise can be complete. ## 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 - Available on all online wire exercises starting 11/30/2022 ## Additional Resources Support Article: [Exercising Via Online Wire](https://support.carta.com/s/article/exercise-options-via-wire) 4 years ago5/30/2022 [**Account Recovery Measures**](https://releasenotes.carta.com/account-recovery-measures-1xgTIc) **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** - This update is available to 25% of randomly selected Carta users - General availability for all users by the end of Q2 Namira Wicaksana 4 years ago4/19/2022 [**Disqualifying Disposition Report - Private Companies**](https://releasenotes.carta.com/disqualifying-disposition-report---private-companies-tkJBC) # 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](https://app.getguru.com/card/TkKabgac/Considerations-when-enabling-DQD-Report-Beta-for-client) 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](https://support.carta.com/s/article/disqualifying-disposition-report). Webb Allen 4 years ago2/15/2022 [**New Updated User Roles**](https://releasenotes.carta.com/new-updated-user-roles-qXTuo) 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**](https://releasenotes.carta.com/improved-public-exercising-experience-1p6nCM) 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_: - New experience for exercise requests: - Added explanations of exercise transaction methods - Clearer confirmation of address and payout method - Improved order details with indicators on maximum eligible options and clear explanation of order types - Incorporated review of taxes withheld and reminder of potential for additional taxes owed at end of the year - Summarized the exercise request clearly laying out the cost and transaction details so users understand what will be needed - Cashless exercising reflects issuer imposed trade limits _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**](https://releasenotes.carta.com/tracking-share-class-changes-1csGeQ) 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 1. If you are editing a past AOI version, Admins will only be able to make edits because of a clerical error. 2. If reflecting an amendment, Admins will be able to upload the related Articles of Incorporation (AOI) or select one from the [Library page](https://support.carta.com/s/article/manage-your-company-library). In addition, a name can be added to the AOI version. 3. Click Continue to save. 6. 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. 7. 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](https://support.carta.com/s/article/tracking-share-class-changes). Alex Chen 4 years ago10/27/2021 [**Adjust taxes for option exercises**](https://releasenotes.carta.com/adjust-taxes-for-option-exercises-2wbMsg) # 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: - Un-check a box next to a tax type to remove it from the option exercise - Re-check a box to re-add a previously removed tax type to the option exercise - Update the specific tax withholding amount in the "Adjusted" column - Select "Add another tax type" to add a new tax type to the option exercise 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](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**](https://releasenotes.carta.com/option-exercise-settings-for-exercises-initiated-and-settled-on-carta-1i6boQ) - ## **_Managing option exercising is now easier than ever._** 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:** - 🇺🇸 US companies, public and private **What's new:** - 💸 **All exercises are settled with Carta**\- company admins will no longer need to mark exercises as paid. No matter where optionholdersers are located, Carta will receive funding for on-platform exercises - US holders pay for their exercise via ACH and non-US holders pay for their exercise via a wire transfer to Carta. - ⚙️ **Clear transaction settings** \- company admins control option grant exercisability easily in one central location within Transaction Settings, under Company Settings. - ❌ **Auto-cancel unpaid exercis** **es** \- A wire exercise is automatically cancelled if unfunded or underfunded for 30 days after admin approval. - ✉️ **Communication with optionholders** \- Carta communicates directly with optionholders to resolve payment issues, letting them know of an outstanding balance for an exercise or facilitating a refund for overpayment. **Action required:** - Configuring Transaction Settings will enable access to online wire exercises for international optionholders. - Navigate into _Company > Settings > Transaction Settings_ - Click _Set up_ to accept the terms and reconfigure your company account - Accept the terms and conditions and enjoy the feature! You will be able to: - Change the bank account information - Easily turn exercises _ON_ and _OFF_, without Support intervention - Select the types of securities that may be electronically exercised **Timing:** - Rollout begins Oct 14, 2021 - Rollout to reach 100% of all customers by the end of 2021 **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:** - [\[Support Article\] Enabling online transactions](https://support.carta.com/s/article/enabling-online-transactions-us) - [\[Release notes\] Exercising as non-US optionholder](https://releasenotes.carta.com/international-exercising-submit-and-settle-your-exercise-with-carta-yfGQo) 4 years ago9/16/2021 [**Partially Canceling Option Grants**](https://releasenotes.carta.com/partially-canceling-option-grants-1r7dPq) # 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](https://support.carta.com/s/article/partially-cancel-option-grants). # 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**](https://releasenotes.carta.com/view-public-company-holdings-on-mobile-fkTfO) 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 - iOS (Android coming soon) # 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: - Total number of shares held - Total holdings value - Net holdings value Hira Zahid 4 years ago8/31/2021 [**Instant KYC for Non-Individual LPs Completing Subscription Documents**](https://releasenotes.carta.com/instant-kyc-for-non-individual-lps-completing-subscription-documents-4uIrzq) 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](https://releasenotes.carta.com/instant-kyc-for-lps-completing-subscription-documents-4dzDxK). If your fund leverages Carta’s [KYC/AML service](https://support.carta.com/s/article/due-diligence-scope-of-services) 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** - For this release, only US-based LPs are supported for instant KYC. Future releases will extend support to non-US LPs **How it Works** 1. As an LP completes their subscription documents, non-individual LPs (for funds that avail of [Carta’s KYC/AML service](https://support.carta.com/s/article/due-diligence-scope-of-services)) 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**](https://releasenotes.carta.com/modify-and-request-information-from-portfolio-companies-3da5jO) **What’s new?** Our [Portfolio Insights](/content/investors/portfolio-insights/index.html) 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: 1. Enabled: Will request data from Portfolio Companies 2. 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) 3. FND: Ask if Portfolio Company will be raising funds in the next year, if so, by when and how much. 4. AER: Do you want to send automatic email reminders if the Portfolio Companies did not reply. 5. Period: Request income statement figures for the last 3 months, 6 months, or 12 months 6. Requested Files: Request between: 1. Articles of incorporation and Cap Table (for companies that don’t manage their cap table on Carta) 2. Financials 3. Forecast and Board Decks. 7. Requested KPIs: Select from the list of 40 industry standard KPIs (Users, ARR, Web Traffic, etc). Enable KPIs individually or in industry-specific batches. 1. Toggle data collection, tailor the documents to be requested, and enable various KPI fields for a more intuitive RFI preparation process 1. Save preferences and send your next portfolio RFI during your typical request cadence. 1. 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**](https://releasenotes.carta.com/home-screen-redesign-on-mobile-3l6iRy) 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** - iOS & Android # **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: - Total number of options held, number of options vested and exercised - A vesting progress bar comparing the number of vested and exercised options to the total options granted - Summary of securities displaying types and quantities for each held Kimberley Chong 5 years ago7/1/2021 [**Instant KYC for LPs Completing Subscription Documents**](https://releasenotes.carta.com/instant-kyc-for-lps-completing-subscription-documents-4dzDxK) 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](https://support.carta.com/s/article/due-diligence-scope-of-services) 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** - For this first release, only individual (as opposed to entity) LPs are KYC’ed. Future releases will support KYC for entity (non-individual) LPs as well. This includes KYC for the LP entity, LP control person, and LP beneficial owners - For this first release, only US-based LPs are supported. Future releases will extend support to non-US LPs **How it Works** 1. As an LP completes their subscription documents, individual LPs (for funds that avail of [Carta’s KYC/AML service](https://support.carta.com/s/article/due-diligence-scope-of-services)), 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**](https://releasenotes.carta.com/public-cash-exercising-redesign-1j2cIE) **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**](https://releasenotes.carta.com/iso-100k-dashboard-1EyY7e) _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](/content/blog/iso-nso-splits-100k/index.html) on Carta's blog. ## Timing Available now to all Carta customers. Vince Lo 5 years ago5/19/2021 [**Preview and and manage compensation plans**](https://releasenotes.carta.com/preview-and-and-manage-compensation-plans-QAK4M) 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 - If you are interested in learning more about Carta Total Comp, please reach out to your Carta Customer Success Manager or sign up **[here](/content/carta-total-comp-cp/index.html).** - You must be a Carta cap table customer to sign up for Carta Total Comp. David Lichtenstein 5 years ago5/11/2021 [**Partners' capital status included in exports**](https://releasenotes.carta.com/partners-capital-status-included-in-exports-4wNpvy) 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: - Called capital - Uncalled capital - Percent of capital called - Prepaid balance - Outstanding balance 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**](https://releasenotes.carta.com/fund-performance-metrics-on-carta-JKayY) 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** - New table view with an option to 'switch to chart view' - Added metrics definitions and explainer tool tips - Period selector to allow you to easily select ‘end of’ last year, quarter, or month. - Traceback for very metric so you can to view the underlying source data - New API using Carta General Ledger for all contributions and distributions data. _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**](https://releasenotes.carta.com/carta's-public-company-reporting-experience-has-been-updated-44nk6Q) **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: - Reports are now organized into folders by category - Reports are searchable - Certain reports that were previously run in areas outside of the reporting tab are now organized into the reporting experience (example: RSU settlement report) 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**](https://releasenotes.carta.com/run-a-single-report-to-aggregate-security-level-details-by-stakeholder-4CqDCw) **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**](https://releasenotes.carta.com/vesting-and-exercise-status-bars-5Yp0I) _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: - Gray: unvested tranche - Light blue: vested tranche - Dark blue: exercised tranche 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**](https://releasenotes.carta.com/exercise-history-shareholders-can-now-centrally-view-their-complete-exercise-history-3MbCxy) _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: - Shareholders who have exercised a private company option grant # What's new: - **_Find all exercise details in one location_**\- Within Exercise History you can see a report of all your exercises across your entire portfolio. This makes it easier to get an at-a-glance view of your exercises activity. - **_Filter for specific companies or date range_** \- Narrow your report by company or date range to customize your report. - **_Customize your report_**\- Choose which fields are relevant for a given report. - **_Ex_ _port your report_** \- Download and view your report in a portable CSV format. # Timing: - Released March 2021 - Support for all public company exercises coming Q2 2021 # Where to find Exercise History - When viewing your portfolio, select the _**Account**_ drop down menu to find _**Exercise History**_ Gwynne Burgess 5 years ago3/19/2021 [**Automated partner matching for Schedule K-1 uploads**](https://releasenotes.carta.com/automated-partner-matching-for-schedule-k-1-uploads-2JrHDG) 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**](https://releasenotes.carta.com/new-equity-reporting-page-1jZSkE) 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: - **Custom reporting** \- set filter criteria and add, edit, and remove data columns. Save these custom reporting templates for future use. - **Preview** of securities ledger-based reports - **Search** to quickly see standard Carta-provided reports as well as your custom reports 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**](https://releasenotes.carta.com/biometrics-login-on-mobile-0eQM0) 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**](https://releasenotes.carta.com/fund-administration-experience-on-mobile-3qxHS8) 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. - General partners can view and search through the company investments - The new fund overview page provides a summary into the fund investments and also the top five investments, which can be filtered based on Gross IRR, Cost, Value, Gain/Loss, and Multiple. Sudeep Kumar