What’s new?

Our benchmarks now support one new job area and two new specializations:

• Manufacturing (newly supported job area)
• HR Generalist (new specialization within the HR job area)
• Product Marketing Manager (new specialization within the Marketing job area)

Note: The sample size for new benchmarks are generally smaller than existing benchmarks, which could result in data volatility as we continue to update the data and grow our overall sample size. 

How do I see benchmarks for the new roles?

You can view benchmarks for the new roles by:

Visiting the Benchmarks page and selecting “Manufacturing, “Human Resources, or “Marketing” under Area. Within “Human Resources” and “Marketing”, you can select any of the new specializations by selecting the Specialization dropdown.

This will allow you to view compensation benchmarks for levels 1 - 8 for these new roles

The above process can be followed for each of the new benchmarks.

How do benchmarks for the additional benchmarks affect the Employee Scorecard?

The compa-ratio is a quick way to compare an employee's compensation to your plan's target rate for a given job area, level, and location. The compa-ratios for an employee assigned to the new benchmarks will now be calculated using the target compensation for the new benchmarks.

How do I update my benchmark version to use new data?

You can preview the new benchmarks on your Scorecard by navigating to the Benchmarks page and clicking on the "Preview benchmarks" bubble in the top left.

Here you will have the opportunity to preview the new plan with the updated benchmarks version and assess their impact on your Scorecard before accepting the new plan.

Questions? 

If you have any questions about the new data, please reach out to your Customer Success Manager.

What's new?

Fund managers can now submit reimbursements on Carta Carry.

What’s important about this change?

Gone are the days of holding on to crumpled receipts or combing through credit card statements at quarter’s end to submit for reimbursement.

Now, we’ve streamlined expense management right from your phone. Easily submit a reimbursement in real-time by snapping a picture of the receipt and uploading it in one place.

How does it work?

Tap Submit Reimbursement, then select Add Receipt. You can select to take a picture, choose a photo from your photo library, or upload a file.

Then select the paying entity and where the reimbursement should go. Add any additional information your fund administrator should know when processing this expense, then tap Submit Request.

Don’t have Carta Carry?

Download it on iOS or Android today.

What's new?

ASC 718 Financial Reporting now supports expensing profits interest units with vesting schedules that have non-market performance conditions. Additionally, all historically generated reports are now saved in a report ledger.

What's important or valuable about this change?

• Increase efficiency and accuracy of expensing profits interests with non-market performance conditions. In addition to expensing profits interests with time-based and event-based performance conditions, Admins can now also expense interests with non-market performance conditions. To help comply with  FASB guidance, admins can input into Carta the estimated recognition dates, estimated payout percentages, and recognition confidence in order to calculate expenses for profit interests with non-market performance conditions.
• Breeze through audits with a new report ledger. You can now maintain a complete record of every draft and finalized ASC 718 expense and disclosure report in a report ledger in Carta, allowing you to streamline annual audits. See and download any report whenever you need to.

What do I need to do?

See this release note for more information on how to pull ASC 718 expense and disclosure reports from Carta.

1. When pulling an expense and disclosure report for profits interests with non-market performance conditions, you will be prompted to edit the estimated recognition date, estimated payout percentage, and recognition confidence for each condition.

1. See and download every draft and finalized expense and disclosure report from the report ledger.

How do I learn more or get help?

If you need help with your Carta-generated financial reports,  contact our dedicated ASC 718 support team.

If you’re interested in automating ASC 718 financial reporting with Carta, please reach out to your CSM or request a demo from the Financial reporting tab inside Carta. ASC 718 financial reporting is available as an add-on to your current Carta subscription.

What's new?

Access to your Carta account can now be managed via SSO. 

What's important or valuable about this change?

You can now link your identity management provider to Carta to ensure 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?

Talk to your CSM to add and enable Single Sign-On on your Carta account. Once you’ve added Carta to your identity management provider, you’ll be able to see who has access to Carta from the Team and security page and will need to use your identity management provider to add or remove users.

How do I learn more or get help?

For more information on Single Sign-On, please visit our support site.

What's new?

You can now see additional data in cap table reports, including the interest issue date and the documents that were shared with the interest holder.

What's important or valuable about this change?

When reporting on interests issued to holders, you can gain more insights with key information including the issue dates in cap table views and document names in the interest export, allowing you to increase auditability and ensure the correct documents have been shared with holders.

What do I need to do?

1. Using the configuration menu in cap table views, select the issue date field. This will add an issue date column to the cap table view and you’ll be able to export this data.

1. View and audit documents that were shared with holders in the interest ledger export

How do I learn more or get help?

For more information on cap table reports, please visit our support site.

What’s new?

Carta Total Compensation customers will have access to a complete view of employee details with their salary information, equity information, and market targets now also visible in the Cap Table Stakeholder modal. 

How do I access it? 

1. Users can navigate to ‘Manage Stakeholders’ under Essentials on the left-hand navigation menu.

2. Stakeholders who are employees will have a new menu item “View employee Compensation” under the three-dot menu

3. This will open the “Compensation” tab for the employee, which will display:

       a. A summary of salary and equity compensation 

       b. Market targets for the individual as set by the Compensation Plan in Carta Total Compensation 

Questions? 

If you have any questions, please reach out to your Customer Success Manager.

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

What's new?

GPs can now set a capital commitment range for their LPs.

What’s important about this change?

Providing a commitment range gives LPs the flexibility to adjust their investment amount during the closing process. 

How does it work?

Set a commitment range during your SPV setup process, before inviting your LPs to close. This will give your LPs the opportunity to decide how much they want to commit when closing into your SPV. 

Once the LP closes, you will receive a notification with the final committed capital amount.

What's new?

GPs can now update the primary contact information for an LP.

What’s important about this change?

Previously, if you wanted to update an LPs primary contact, you would have to work with Carta to make this change.

Now, you can update primary contacts, whenever you need to. Plus, you can keep track of all changes made in your LP contact audit log.

How does it work?

Select the entity, then navigate to the Partners tab. Find the primary contact you would like to update, then click on the pencil symbol.

First, select whether the current primary contact should be deleted or downgraded to a secondary contact.

Note: If you only have to update your primary contact’s email address, you will still need to first delete them as primary contact, then re-add them with their new email address.

If this contact is associated with multiple investments, you can apply this contact change across all of their commitments.

Soon your LPs will have visibility into who the primary contact is for their commitments and be able to update this information, whenever they need to. 

How do I learn more or get help?

To learn more about primary contacts and how to update your primary contact information, check out this support article or reach out to your Account Director for a demo.

What’s new?

Carta Total Compensation users can now use the New Hire Equity Forecast calculator to proactively allocate equity for anticipated headcount in the upcoming months. 

How do I access it? 

You can access the New Hire Equity Forecast calculator, along with any other Carta Total Comp report, from either:

• The top of your Reports page in Carta Total Compensation
• The Total Compensation folder within the Equity Reporting section in Carta

See a quick video on accessing compensation reports here. 

Questions? 

If you have any questions about the new report, please reach out to your Customer Success Manager.