The Fate of Carta: A Closer Look
Cap table management startup Carta has been dealing with a PR nightmare for the past couple of days.
The short of it is that one sales employee, according to Carta, used confidential data from one of the company’s customers to craft a sales pitch for a secondary stock sale.
The problem, according to Carta, is taken care of.
Before we dive into what this mess might portend for Carta, we need to understand the state of affairs at the company before this came to light.
While Carta hasn’t raised a round since that 2021-era transaction, per secondary data from platforms like Hiive Markets, Caplight and Notion, its current valuation is estimated to be about half of its last primary round.
