Carta, a San Francisco-based fintech startup, announced that it has acquired London-based Vauban, an online platform that helps investors back private companies. The value of the acquisition has not been disclosed.
As a part of the acquisition, Vauban’s team will join Carta, says the company. It will also result in the integration of Vauban’s fund establishment platform into the existing Carta business offering.
Vrushali Paunikar, VP of product for investor services at Carta, mentions in a blog post that more than 50 per cent of SPVs and funds in the US have at least one non-US LP.
“On one combined platform, syndicate leads and fund managers can now launch funds from the US, UK, British Virgin Islands, and soon, from Luxembourg,” she wrote.
The announcement comes after Carta raised $500M at a $7.4B valuation last year in a round led by Silver Lake Partners. The US company planned to use the funds to acquire other firms, reports The Information.
Carta: What you need to know
Based out of San Francisco, Carta is a global ownership management platform that helps companies, investors, and employees manage equity and ownership.
Since its inception, the company has grown to manage over $2T in equity for nearly 2M people. The US company is used by nearly 30,000 companies and over half a million employees to manage cap tables, compensation, and valuations.
Carta also works with over 4,500 funds, representing over $92B in assets under administration on fund administration, SPV formation, and more. Companies like Canva, Classpass, Intercom, and Union Square Ventures use Carta to manage their equity.
Carta is backed by a group of investors, including Draper VC, Expansion VC, k9 Ventures, Elefund, Subtraction Capital, Scott Banister, XG Ventures, Kima Ventures, Andy Palmer, and Structure Capital.
“The union of Carta and Vauban feels like kismet. We speak the same language in how we describe our ways of work and dreams of the future. We share a passion for making venture capital more inclusive,” writes Paunikar.
Vauban: What you need to know
Based out of London, Vauban provides VCs and angel investors the tools necessary to raise funds, easily create angel syndicates, and effectively manage fundraising and investment activities.
The platform enables users to set up and deploy Funds and SPVs from multiple global investment jurisdictions at a lesser time and cost – covering everything from structuring to legal documents to investor onboarding – and reporting in a single integrated platform
The company has created a fully automated platform for Syndicate leads and fund managers of all sizes, making it possible for more people in more places to invest in startups.
The UK company has created over 400 investment vehicles and managed over $1B in invested capital on the platform to date.
“We are Carta’s home in Europe, and together, we will continue to help founders, venture capital firms, and investors experience private markets in a way befitting the digital world we live in,” says Remy Astie, founder of Vauban.