-7%

est. 2Y upside i

FinTechSeries D+

Equity management and cap table platform for private companies

Rank

#2642

Sector

Fintech / Enterprise SaaS

Est. Liquidity

~2Y

Data Quality

Data: Medium

Carta dominates private capital infrastructure with 80% share and $500M ARR.

Last updated: March 20, 2026

Bull (30%)+100%

IPO in 2026 at 15-17x rev (~$8-9B). Data scandal fades. Fund admin + 401k expand. NYSE partnership.

Base (45%)+30%

IPO at 10-12x (~$5-6B). Below $8.5B peak but meaningful appreciation for employees.

Bear (25%)-40%

Scandal trust damage lingers. Pulley gains share. IPO delayed. Down round.

Est. time to liquidity~1.5 years

Preference Stack Risk

high

Funding Intensity

15%

$1.29B raised; need strong IPO above $5B for common upside.

Dilution Risk

moderate

No new round since 2021; IPO dilution expected.

Secondary Liquidity

limited

Some secondary activity; tender possible pre-IPO.

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

    “Scandal impact on customer retention?”

  • 2

    “IPO timeline and S-1 status?”

  • 3

    “Preference stack on $1.29B raised?”

Cluster Peers

Expected Upside

Carta
-7%
AngelList
-69%

Community

Valuation Sentiment

Our model estimates -7% 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.