What's new?

You can now bulk download a large volume of documents from the Documents Library.

What's important or valuable about this change?

Admin users can download as many documents as they need to in one go from the Documents Library. This helps speed up tasks around tax season, such as downloading all the Form K-1s.

What do I need to do?

Select the documents you need to download, and click Actions → Download documents.

The zip file will be available for you to download in the Downloads section at the top right.

How do I learn more or get help?

For more information about the Documents Library and distributing K-1s, visit our support site.

What's new?

A new fast-fill feature is available when processing a large volume of terminations.

What's important or valuable about this change?

When making changes to a large volume of interests, the fast-fill feature lets you make them to multiple interests altogether instead of one by one.

This helps you get through cap table update tasks, such as bulk termination of interests, more efficiently.

What do I need to do?

The fast-fill feature is available in the interest termination workflow today and will be available for more workflows soon. Click the lightning bolt button to the top left of the interests you’re terminating to fast-fill the termination reason and date.

When you click on Fill column, you can choose to fill empty fields only or all fields, which provides you the flexibility to customize the termination reason and date for certain interests first and then fill in the rest with the same reason and date.

How do I learn more or get help?

For more information about terminating interests, visit our support site.

What's new?

Admins can now convert notes and SAFEs into other types of interests in Carta.

What's important or valuable about this change?

Convertibles like notes and SAFEs are used by companies to raise money when they’re starting out. You can keep track of convertibles in Carta and when certain thresholds are met, convert them into actual equity.

With our latest features, you can convert notes and SAFEs into other types of interests, issue these interests to investors, and automatically update your cap table.

What do I need to do?

To get started, select the notes and SAFEs you want to convert from the interest ledger, click Actions, and Convert Interests.

You’ll need to have the following information available:

• Effective date of the conversion event
• Conversion price and destination interest type
• Unit quantity for each converted interest
• Conversion documents (optional)
• Acceptance documents for new interests (optional)
• Additional data for new interests

In a few steps, you’ll provide the conversion event details, the quantities to convert, and confirmation of the conversion.

How do I learn more or get help?

For more information, visit our support site.

What's new?

You can now create a custom vesting plan for a particular interest.

What's important or valuable about this change?

Instead of creating a new vesting template, you can now create a custom vesting plan for an interest to accommodate a bespoke vesting schedule with time and performance conditions specific to the holder’s interest agreement. 

What do I need to do?

Navigate to the Interest Details of the interest you want to customize the vesting plan for and then click on the Vesting tab. Click the Apply custom vesting plan button in the top right.

You can customize the vesting plan for this particular interest granted to this interest holder.

How do I learn more or get help?

For more information on vesting schedules, visit our support site.

What's new?

A new column in the Document Library shows you if a document has been shared or not and who it has been shared with.

What's important or valuable about this change?

These enhancements will help you streamline document sharing workflows, such as sharing a large volume of Form K-1s with interest holders ahead of tax season. Easily keep track of which documents have been shared with interest holders and which ones have not. You can also filter the Document Library by sharing status which can help you quickly see which documents still need to be shared.

What do I need to do?

See the new ‘Shared with’ column in the Documents Library. You can filter down to ‘Shared documents’ or ‘Not shared documents’ by clicking on the filtering menu in the Documents Library search bar.

How do I learn more or get help?

For more information on the Documents Library and distributing Form K-1s, visit our support site.

What's new?

When you transfer an interest in Carta, you can now see all the information related to the transaction in the event details.

What's important or valuable about this change?

Gain complete visibility into every transfer transaction and see clearly in the event details if an interest was issued from a transfer as opposed to a new issuance on the cap table.

Track changes to the interest during the transaction and the issuance details, including where the interest was transferred from, to who, quantity, price, and total amount paid for the transfer. 

What do I need to do?

You can see the details of each transfer transaction in the event details:

How do I learn more or get help?

For more information on transferring interests, visit our support site.

What's new?

You can now get a comprehensive view of interest holders, including demographic information, interests issued to them, and documents shared with them. Additionally, you can now track employee IDs in Carta. 

What's important or valuable about this change?

Enhancements to the interest holder details provide a single source of truth in Carta for who each interest holder is, what interests they hold, and which documents have been shared with them. 

When you record an Employee  ID with each interest holder in Carta, you can use it as a unique identifier to streamline reporting across Carta and other systems such as payroll. 

What do I need to do?

To get a comprehensive view of an interest holder you can click on any row of the interest holder ledger. This will open a page with various tabs to view the holder details, view all interests that have been issued to them, and view all documents that have been shared with them. 

To track and report on employee IDs, edit an interest holder to add their employee ID. Shortly, these employee IDs will also be pulled into our excel based reporting. 

View the interest holder demographics in the Summary tab of interest holder details.

View the interests issued to this holder in the Holdings tab.

View the documents associated with these interests and shared with this holder in the Documents tab.

How do I learn more or get help?

For more information, visit our support site.

What's new?

For each Outstanding Value estimate, a new time series graph shows how the value of the interest has changed over time.

What's important or valuable about this change?

Interest holders now have a visual that represents the change in Outstanding Value and can help them understand the value of their equity and future potential.

What do I need to do?

Admin users can enable Estimated Values, including Outstanding Value, when creating a new interest type or editing an existing one.

Once enabled, the Outstanding Value estimate details will include a time series graph to show the change in value.

How do I learn more or get help?

For more information on Estimated Values, see our support articles for Admins and Interest Holders.

What's new?

When inviting a new Admin user to your Carta account, you can now capture their job title and company name. The Team & Security page allows you to add new users, edit or remove existing ones, and keep track of who has access.

What's important or valuable about this change?

The new capabilities provide complete visibility into who has access to your Carta account and the type of access they have. This is especially important if you have various internal and external users that need access to your cap table data in Carta, such as law firms or deal teams and back-office admins at Private Equity firms.

What do I need to do?

Visit the Team & Security page to add new users, edit or remove existing ones, and keep track of who has access.

When inviting a new user to your Carta account, select from a pre-set list of job titles or choose Other to input a different job title that is not on the list. You can also add the company name here.

How do I learn more or get help?

For more information, visit our support site.

What's new?

You can now generate fully executed legal agreements when issuing interests with Carta LLC.

What's important or valuable about this change?

With the new Agreement Execution functionality, you can simplify the end-to-end issuance workflow, increase efficiency, and auditability:

• Set up interest agreement templates and automatically populate them with data from Carta, such as each interest holder's information, interest type, number of units, and more
• Send these interest agreements to the holder to collect their signature directly on the PDF
• Save the fully executed agreement in Carta with the interest so you and the interest holder can access it for audits, personal finance, or tax use cases

What do I need to do?

To get started with Agreement Execution, you will need to first work with our team to set up a new interest agreement template. Get started by navigating to Documents > Templates.

Request a new template by clicking on the button on this page.

You need to provide us with the following items to set up a new template:

• An interest agreement template document in .docx format

  • Include a line for where the holder should sign
  • Include a pre-populated company signature, if applicable (Carta does not populate any signatures besides that of the holder)

• A list of fields for Carta to auto-populate in the document

  • Today, we can populate any issuance and holder data and certain data relevant to the account and entity

Once your template has been set up, Carta Staff will notify you and you can use it to issue new interests. Watch our demo video to learn more.

How do I learn more or get help?

For more information on interest agreement templates, please read our support article.