We are continuing to enhance the experience for companies reflecting the fundraises through Carta. 

What’s new?

Our Draft Certificate Experience can extract information from Stock Purchase Agreements (SPA), saving company administrators time when issuing investor shares after fundraising.

Who is this available for? 

All company administrators can upload and extract data from Stock Purchase Agreements to reflect priced rounds.

Main Value Proposition

The Draft Certificate Experience powered by document extraction saves you time, money, and makes sure your cap table data matches the legal documents after certificates are issued from a new round.

How do I use it?

1. Navigate to Securities, then Shares

2. Click "Draft Shares", then select "Create a new draft set"

3. Select Yes to confirm the draft set is related to a new investment round and click "Create new draft set" to proceed. You can change the Draft set name at this point.

4. Drop the Stock Purchase Agreement, select the effective date and click continue.

5. Wait for our AI tool to extract the document's information and populate the draft set.

6. Scroll all the way to the right to find the SPA attached to the certificates.

7. Once the certificates are issued, you can find the SPA under the Documents and Notes tab when clicking to see the certificate.

Anything else I need to know? 

Attaching the Stock Purchase Agreement is not mandatory for issuance. You can choose to remove the document during step 6, while the certificates in draft are being reviewed and updated.