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. For feedback about this new feature, communication center, or Carta you can reach out here!

Tactyc now integrates real time cap table data into its forecasting and planning platform. The connection to Carta streamlines the process of adding investments data in Tactyc, 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 Tactyc. 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 Tactyc, 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 Tactyc’s powerful forecasting 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 Tactyc 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 tactyc@carta.com.  

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

How does it work:

1️⃣ Set up the integration by going through a Carta mapping and data review workflow in Tactyc

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

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

How do I learn more?

Carta Support Article: How to Leverage Tactyc's Integration with Carta.

Signup for the Carta Product Webinar on April 1.

Anything else I need to know?

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

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.

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.

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 or reach out to your Account Manager for a demo.

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.

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.

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.

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.

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. Additionally, you can find details on exporting reports in general on our support site.

What’s New?

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

How does it work?

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

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

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

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

Who is this available for?

All Carta Cap Table customers.

How do I access it?

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

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

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