National

Carta, a San Francisco-based cap table management software company, raised $500 million in Series G funding at a $7.4 billion valuation led by Silver Lake. 

Why it matters: Carta says it used its own private stock exchange a few months ago to figure out its new valuation, then picked investors it felt would be the best fit. 

The bottom line: The round comes about a year after Carta's last round as the pandemic set in — and it laid off some employees to prepare for what it thought would be a slowdown in startup formation. (As we've since noted, that’s not how things went.) 

Carta raises $500 million at $7.4 billion valuation

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Software

Carta, a San Francisco-based cap table management software company, raised $500 million in Series G funding at a $7.4 billion valuation led by Silver Lake. Why it matters: Carta says it used its own private stock exchange a few months ago to figure out its new valuation, then picked investors it felt would be the best fit.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Carta raises $500 million at $7.4 billion valuation

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