The Change Agents Briefing

Carta set out to rearchitect private capital. We’re bringing public market efficiency to the private markets, now accelerated by AI. We’re fueling the transformation of private capital operations with technology untethered by the confines of a web interface. We’re meeting our builders, operators, and funders where they are. Our suite of headless products joins the ERP product suite to enable automation, innovation, and alpha. We are the change agents of private capital.

The Change Agents Briefing is Carta's release digest pulling back the curtain on this journey. We’ll share exactly what we’re building, how it works, and what’s coming next. You’ll also get a look at how our internal teams are using these AI-first tools to verify data with even greater speed and accuracy. The Change Agents Briefing is your window into how we're rethinking processes and experiences to support this new era of productivity.

July 15, 2026

AI tools for customers

Share tax estimates with your LPs every quarter · Carta Fund ERP

Tax estimates are now available on a quarterly basis for all fund tax customers. This is a major milestone in year-round tax readiness, helping you to give LPs more visibility without incurring operational overhead. This is made possible by Carta’s migration of internal processes to the Command Line Interface, allowing our teams to serve clients better and faster through Claude. If you are looking for a quarterly estimate for one or more of your LPs, reach out to your Carta Fund Admin team and they can make this happen.

Read more about sharing tax estimates with LPs .

Generate custom reports with the Cap Table Plugin · Carta Equity Suite

Extensive custom reporting is now available to all Cap Table Plugin users in Claude. Create, filter, and compute 18 different equity report types—including cap table, options outstanding, vesting details, and securities ledger—in natural language, combining Carta data with external sources for additional analysis. When you’re done, export the data to an Excel file.

Read more about generating custom reports with the Cap Table Plugin .

Customer feedback

Scott Holton, CFO of Next Frontier Capital

CFO Scott Holton is the sole financial operations team member at Montana-based VC firm Next Frontier Capital. As Scott develops Next Frontier’s vision for the future, Carta’s fast-growing capabilities in Claude play an important role.

"The Investors Plugin for Claude is the tool we'll leverage most as we get ready for Fund V. We can pull and aggregate data from all of our funds and see engagement and impact across LPs. These insights enable us to further relationships and drive satisfaction.

"This time last year, I never thought we would be so far along on our AI journey. Carta makes it much easier on me and, after spending time with the Investors Plugin and other tools, I can see Next Frontier is going to evolve because of Carta and Claude."

Internal transformation

An agentic operating system for Carta Law

In June we rolled out an updated agentic engine for Carta Law, our AI-native legal services offering for PE and VC firms formerly known as Avantia. Trained by our lawyers across each service line, the engine manages the workflow across all Carta Law services—triage, document collection, task tracking, and correspondence.

Playbook: Carta's internal plugin marketplace

When we put Claude into the hands of every Carta employee—and challenged them to become AI experts—we saw an explosion of new skills, agents and MCPs. It became clear that setting up the infrastructure to efficiently manage, share, and maintain these tools was going to be as central to our AI journey as providing access. That’s the goal of Playbook, Carta’s new internal plugin store for Claude. It introduces governance where there was chaos, controlling what's available, who can publish, and how updates propagate. Staff invoke the playbook welcome skill to get a bundle recommended for their role and team, see what's trending, and publish from there.

Running an AI-native organization at scale is a novel problem but one we are privileged to be facing. If you’re working on a similar challenge and are interested in learning more about Playbook, get in touch with your Account Manager—we’d love to hear from you.

Up next

• General availability of Carta’s Investors and Cap Table Plugins is coming at the end of July. We’re also launching a new onboarding and welcome flow for Plugin users, designed to reduce time-to-value for new customers through contextual, intelligent prompts.

June 23, 2026

AI tools for customers

Carta's Plugins are now available on the official Anthropic marketplace and can be installed directly from the Claude app.

We’ve also started adding skills to the Investors Plugin that are designed to work in Excel, using the Claude for Excel add-in. By invoking our skills, you can run sophisticated financial workflows—budget builds, waterfall calculations, portfolio analyses and more—without leaving your workbook. Claude pulls live data from Carta, executes the task, and delivers editable, queryable results.

Here are two examples:

Manage your manco budget in Claude for Excel · Carta Fund ERP

New management company skills in the Investors Plugin bring your live accounting data into spreadsheets, ready for querying and analysis. Load your budget and actuals into Excel and ask Claude questions in natural language, such as breaking down spend by categories, or modeling the impact of a future fundraise.

Read more about managing your manco budget in Claude .

Read more about spreadsheet-based waterfalls and exit scenarios .

Customer feedback

Carta Compass

In early June we hosted Carta Compass, our annual user conference, at Chase Center in San Francisco. We ran a hands-on afternoon for fund managers on the practical applications of AI in fund administration. Guests arrived to find laptops already loaded with Claude Desktop and the Investors Plugin, then worked through three real-world scenarios:

• Querying fund data using the Carta's Data Warehouse: Performance, portfolio exposure, LP activity
• Managing deal pipeline and LP relationships with the CRM Plugin
• Building and modeling management company budgets in Excel with Claude

The format made an impact that can’t be achieved with slide presentations and pre-recorded demos. One attendee ran an impromptu live demo for another attendee mid-session, demonstrating the Investors Plugin's capabilities.

" I just did in minutes what would have taken me days," said one customer after completing the manco budgeting tutorial.

Internal transformation

Building a company of Claude experts

Last week, Carta CEO Henry Ward issued a clear internal message: The most important skill at Carta by the end of 2026—for every person, in every role—will be how well they use Claude. Today, AI is already as capable as an expert fund accountant. The teams that learn to harness that capability will be the ones doing the most consequential work.

Henry has launched an AI training program, designing the first two lessons and assignments personally. It’s mandatory for every single one of our 1,500 employees, from junior sales development reps to the C-suite. Each week the training gets more challenging. The next few months may be difficult, uncomfortable, and intimidating—hallmarks of the AI adoption journey with which you may be very familiar. But we believe this internal training will only help us build better AI-native experiences.

Carta isn’t asking users to take a leap it hasn't made itself, so every lesson we learn during this transformation will carry through to how we build for you.

June 5, 2026

AI tools for customers

Surface Carta Total Compensation data in Claude

You can now look up compensation benchmarks and match job descriptions to roles in the Carta Total Compensation database from Claude Desktop—the first two compensation skills available on our Cap Table Plugin. These skills give HR teams, recruiters, and compensation analysts a quick way to look up salary ranges, retrieve equity benchmarks, and match a job description to the Carta Total Compensation role taxonomy.

Read more about Carta Total Compensation in Claude .

Query any attached document in Carta CRM

Submit a natural language query against any document attached to a record in Carta CRM—resumes, pitch decks, teasers, expert call notes—and get answers without opening the file. The feature uses an MCP tool to pass documents to the LLM, whether that’s the in-app agent shown in the video demo or within your preferred AI tool interface, such as Claude.

Read more about querying attached documents in Carta CRM .

Capital activity, LP benchmarks, and valuation history are now queryable in the Investors Plugin

Two significant additions to Carta’s Data Warehouse landed this week, increasing the scope of what's queryable through the Carta Investors Plugin:

1. Capital activity tables are now surfaced in the Data Warehouse and queryable through the Investors Plugin, so you can build reports relating to historical capital calls and distributions. The data covers fund-level history of capital activities, partner-level breakdowns, and capital activity journal entries. LP benchmarks in the form of LP-level DPI, TVPI, and Net IRR are also surfaced, so you can compare LP-level returns against their cohort. Read more about querying capital activity in the Data Warehouse .

2. Portfolio valuations history, waterfall modeling history, and per-fund holdings value history are now in the Data Warehouse, so you can build reports via the Investors Plugin while maintaining holdings-based access controls. Read more about building custom valuations reports from the Data Warehouse .

Internal transformation

We’re continuing to migrate internal processes from disparate systems to the Carta Command Line Interface (CLI) so our teams can serve clients better and faster through Claude. We hit two milestones this week:

• Launched six plugins to support cap table delivery through Claude Code. The plugins replace manual workflows common in managing clients’ cap tables—like modifying securities in bulk and reversing option exercises—and producing an automatic audit trail in the process.
• Migrated a core fund delivery workflow to the CLI: expenses. Our teams can now book cash expenses through the CLI, replacing the fixed in-app workflows with a flexible system that handles edge cases with ease and makes intelligent recommendations. These developments don’t just benefit us. The staff-facing agentic capabilities we're developing today will ultimately be accessible to you through the Carta Plugins. We’re rigorously testing and refining these tools, so that before long, you'll be able to make changes to your cap table or initiate a capital call directly from your Claude instance. The process of externalization gives you greater agency and ownership of your data—a longstanding Carta goal, now accomplished through a new interface: Claude.

Up next

• Manage your manco budget via a Carta Plugin that supports tagging-based budgeting workflows.
• Run single-entity deal waterfalls from your own financial models inside Claude Code or Cowork, or directly in Excel.
• Create a Schedule of Investments (SOI) artifact in Claude, pulling from the Data Warehouse in real time.
• Generate, customize, and download cap table reports using the Carta Cap Table Plugin.

May 15, 2026

AI tools for customers

Carta now featured in the Anthropic Connectors Directory

Carta’s MCP is listed on the Anthropic MCP Directory, known as the Connectors Directory, after being vetted by Anthropic for security, reliability, and compatibility with Claude products.

Customer feedback

CFO Symposium

This week, we gathered CFOs at Wildflower Farms in upstate New York for our exclusive East Coast CFO Symposium, and ran an afternoon-long session on the practical applications of AI. Guests opened laptops, fired up Claude and connected to Carta’s system of record. Each guest walked through five real-world scenarios:

• Querying performance data—IRR, MOIC, distributions, trends—using natural language
• Generating LP tear sheets and AGM decks with a single prompt
• Pulling live Carta data into Excel to model portco financials and run a discounted cash flow using the Claude for Excel Plugin
• Modeling an anticipated exit, understanding LP distributions, and performing sensitivity analysis
• Filling out a Form ADV automatically with data in Carta Some of these skills are available to Carta customers today; the rest are in active development. Beyond acting as a product showcase, the workstations created something we didn't expect: a bridge between AI optimists and skeptics.

Carta Change Agents onsite in Washington, D.C.

As part of Carta’s wider Change Agents initiative, we’ve been facilitating onsite workshops at client sites with customers who want to learn the fundamentals of working in Claude and deep dive on firm-specific use cases. By the end of the day, the QED team was feeling more confident about using Claude in their day-to-day operations. And the Carta team saw once again that the roadblock to AI adoption is not desire, but time set aside to learn and practice. Everyone is in a different place in their AI learning journey and there is no replacement to problem-solving as a group.

Vine Ventures

Carta is building AI-first tools to give customers more access to and greater leverage from their data wherever they want to work. For John McIlree, VP of finance & ops at Vine Ventures, that place is Slack. McIlree recently built a Slack bot that connects Claude to his firm’s Data Warehouse in Carta, so he can answer bespoke portfolio queries on the fly.

Internal transformation

Two staff-facing releases this week demonstrate Carta’s commitment to rebuilding around AI to the benefit of customers. In our fund tax product, we’re now using LLMs to extract data from any previous K-1s shared through the platform. That information is piped into a fund’s tax workpaper so that updated K-1s are issued faster. We also released functionality for custom reporting in the Carta CLI, so our in-house fund admins can create, preview, and publish capital call notices and distributions entirely within Claude, freeing up capacity to support firms with bespoke reporting needs.

April 30, 2026

AI tools for customers

In April we launched three Claude Plugins that bring Carta data directly into your AI workflow, so you can ask questions, run scenarios, and surface insights without switching context. Each plugin is a package of skills—reusable commands trained on Carta's data models and workflows—that you can use natively in Claude, instead of the Carta platform, allowing you to interact with live systems of record in natural language.

Cap Table Plugin

As a cap table product user, including investors, you can query ownership data, retrieve valuation history, model waterfall or exit scenarios, and more.

Read more about the Carta Cap Table Plugin .

Investors Plugin

Work directly with your fund’s investments, performance, and accounting data to analyze investment performance, generate company tear sheets and produce boardroom-ready slides.

Read more about the Carta Investors Plugin .

CRM Plugin

Manage deal and fundraising workflows in Claude or ChatGPT, retrieving and editing investors, companies, contacts, deals, notes, and fundraising data.

Read more about the Carta CRM Plugin .

Customer feedback

Delta-v

Kyle Rogers, COO at venture capital firm Delta-v, tested the Carta Investors Plugin on two specific workflows: LP tear sheet generation and Form ADV inputs. "It blew me away,” said Rogers.

Internal transformation

Earlier this year, we rolled out Claude to the entire company. Within weeks our center of gravity moved from disparate systems to the Command Line Interface (CLI). We've been holding offsites for every major product area, including onboarding, liquidity, valuations, expenses, and fund tax to help our teams rearchitect their workflows for an AI-native future.
As a result, cash reconciliation now happens via the CLI, with Claude processing transactions in advance and batching by confidence level to improve team efficiency.

Author: Scarlett Pierce
Scarlett Pierce is a Senior Manager in Product Marketing focused on Carta’s investor products. She joined the Carta team in 2022 with the acquisition of European equity management startup Capdesk. Prior to Capdesk, Scarlett worked as a digital marketer for the UK government, Amazon Alexa, and Louis Vuitton. She lives in New York.