-57%

est. 2Y upside i

FinTechSeries D+

Equity management and cap table platform for private companies

Rank

#3317

Sector

Fintech

Est. Liquidity

~4Y

Data Quality

Data: Medium

The equity offer is likely to result in a negative return over 2 years due to a stale $7.4B valuation, low 13% growth, and no imminent liquidity.

Last updated: July 19, 2026

Bull (15%)-19%

Exit multiple holds at 12x due to IPO window and category leadership, valuing company at $7.08B. Dilution shaves 15% from equity value.

Base (50%)-53%

Exit multiple converges to public comp range of 7x, valuing company at $4.13B. Moderate dilution lowers return further.

Bear (35%)-80%

Competition and stagnation compress multiple to 3x, exit at $1.77B. Preference stack safe, but equity value almost wiped out.

Est. time to liquidity~4.0 years
Adjusted for competitive dynamics: -54% (raw: -57%, adjustment: +3%)

Preference Stack Risk

moderate

Funding Intensity

1620%

Total funding $1.2B against $7.4B valuation = 16% overhang; only a severe bear case (exit < $1.2B) would trigger preference.

Dilution Risk

moderate

Assumed 15% dilution from a likely future raise given slow growth and need for cash runway.

Secondary Liquidity

none

No secondary market implied valuation; CartaX shut down; employee liquidity uncertain.

View all 82 open roles at Carta →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Carta's data — designed to show you've done your homework.

  • 1

    “What is Carta's strategy to reignite growth and improve profitability?”

  • 2

    “How does Carta plan to differentiate from incumbents like Morgan Stanley Shareworks?”

  • 3

    “What is the timeline for potential liquidity events and how does the company support employee secondary sales?”

Community

Valuation Sentiment

Our model estimates -57% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.