Tessera Chooses Carta for Inaugural Fund II Investment

Tessera Venture Partners is excited to announce its inaugural investment from Fund II in Carta and adding another unicorn to its stable. Carta, the leading platform for equity management, has received investment from the world’s leading investors like Tribe Capital, Lightspeed Venture Partners, Andreessen Horowitz, Menlo Ventures, Tiger Global Management, and others. This marks Tessera’s first Fund II investment after a successful close to their inaugural Fund I.

In our mind, what sets Carta apart from so many companies is timing and utility. Carta is the market leader for equity management, which means if you are a successful startup, you are probably already using them. Carta handles fund administration which lets investors and company employees know the state of their options, valuation, and the ability to track other financials throughout time. A process that was once relegated to spreadsheets, is now supercharged with Carta’s slick UI that features powerful reporting that lets employees and investors know where things stand at a particular time. Carta now provides portfolio analytics, including deal IRRs and cash management, it helps VCs distribute their quarterly investor reports and it integrates with third-party tax and payroll providers. However Carta’s future goes well beyond the back office.