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Venture Capital Investors (Fund Admin)New Feature
2 weeks ago22.8.2024
REQUIRE DUAL APPROVERS ON PAYMENTS
What's new?
Fund managers can now require two approvers to authorize payments before
processing.
What’s important about this change?
This feature provides enhanced controls over releasing payments, ensuring that
VC and PE firms can adhere to their audit procedures while maintaining control
over their financial operations.
How does it work?
Select Firm Settings in the left hand navigation, then click Settings. Within
the Settings tab, click People, then scroll to the bottom to the new Payment
approval section.
Here you can set how many approvers are required (up to two) and the threshold
amount. Only users with Admin permissions can update this section. If you need
to update who the approvers are, scroll to the People section at the top of the
page.
You’ll also have the ability to track the progress of active payments and view
the history of completed payments, including who approved them and when they
were approved in your Activity tab.
How do I learn more?
This feature is only available for fund managers using Carta’s automated money
movement, the most hassle free way to process payments. To learn more about this
feature and automated money movement, reach out to your AD.
Aneetha Sampath
3 weeks ago16.8.2024
PORTFOLIO SIDE NAVIGATION
Navigation within the portfolio experience has a new look! With the new side
menu, we've made it easier to find what you're looking for within your
portfolio.
WHAT’S NEW?
The navigation menu in the portfolio experience has moved from the top to the
side, with a few of the 'harder to find' but important pages made more
accessible to reach. Users will additionally have the ability to filter the menu
to find specific pages in the menu.
With these changes, portfolio owners will have an easier time finding all the
tools at their disposal to manage their holdings.
WHO IS THIS AVAILABLE FOR?
All non-investor individuals with a portfolio holding on Carta will see the new
navigation menu.
HOW DO I USE IT?
Log into your account on Carta and view your portfolio to access the new
navigation:
HOW DO I LEARN MORE ABOUT THESE CHANGES?
For more information, see this support article for an in depth breakdown of the
changes.
Corporations
a month ago31.7.2024
INTRODUCING MARKET INSIGHTS
Data is critical for founders to make informed decisions when fundraising and
hiring. We are now offering early stage founders benchmark insights on early
stage rounds and first engineering and marketing hires.
WHAT’S NEW?
A centralized hub makes it easier for founders to access and interact with
fundraising and hiring benchmarks.
Fundraise insights provides information on early stage SAFE and priced round
market terms and how they compare to other companies in related stages, regions,
and industries.
* Percentiles for company valuations over the last year
* Median cash raised per round over the last year
* Calculations of the dilution on your cap table based on market round terms
Hiring insights provides information on how much to pay early marketing and
engineering hires.
* Option pool size across seed, Series A, and Series B companies
* Percentage of total company equity in initial 4-year grant
* Available for New York/San Francisco.
*More job areas, levels, and locations are available on Carta Total
Compensation
WHY THIS MATTERS:
These updates enable founders to navigate fundraising and hiring strategies with
precision and insight. This resource enables founders to make data-driven
decisions and strategically plan for their company's growth, optimize their
fundraising strategies and ensure their hiring packages are competitive, setting
their teams up for success.
HOW CAN I ACCESS IT?
Market Insights is available on all Carta plans. Find it under Essentials>View
market insights. For more information visit our support article.
Leah Rodriguez
Venture CapitalTax Advisory Investors (Corporations) Investors (Fund Admin)New
Feature
a month ago31.7.2024
REFER PORTFOLIO COMPANIES FOR QSBS ATTESTATIONS FROM CARTA
Investors can now refer their portfolio companies to get QSBS Attestations from
Carta.
The feature allows investors to do this for individual companies or multiple
companies that are likely QSBS eligible. Once you refer your portfolio company,
they will receive a notification on Carta encouraging them to get a QSBS
Attestation. After a company receives the QSBS Attestation, you will receive an
email and copy of a QSBS Attestation letter addressed to your firm highlighting
which securities held are QSBS eligible.
What do I need to do?
This feature is available to users who are admins for an investment firm on
Carta. Navigate to the 'Investments' page of your firm where you can refer in
bulk or individual companies for QSBS reviews from Carta. If you have any
questions reach out to your assigned Carta account team or qsbs@carta.com to
learn more!
Jordan Agnew
Carta Total Comp
a month ago29.7.2024
ADVANCED EQUITY REFRESH PLANNER
WHAT’S NEW?
We are launching an updated version of our Equity Refresh Planner to better help
with:
1. Identifying which employees receive a grant
2. Deciding the size of each refresh grant based on market benchmarks
This updated tool includes:
1. The ability to add/remove employees to your company’s Refresh Plan
2. Quick filters to quickly identify eligible and/or High Retention risk
employees based on tenure, your compensation plan, and market targets.
3. Settings to help manage the refresh grant recommendation and tenure
eligibility criteria
HOW CAN I ACCESS THE NEW EQUITY REFRESH PLANNER?
1. Navigate to the Reports page in Carta Total Compensation
2. Navigate to the “Equity Refresh” tile and click “View report”
3. The interactive planner will open
HOW DO I USE THE ADVANCED EQUITY REFRESH PLANNER?
This planner helps companies identify employees who should be considered for
additional equity grants as a way to retain talent at the company. It also
provides market based refresh grant recommendations that can be adjusted as
needed.
QUESTIONS?
If you have any questions about this new planner, please reach out to your
Customer Success Manager.
Stefan Rosenberg
CorporationsCarta Platform General AvailabilityImprovement
a month ago15.7.2024
EQUITY REPORTING SUITE: CANCELED AND RETURNED UPDATES
What's new?
As part of our ongoing efforts to enhance accuracy and reliability, we have
transitioned our Canceled and Returned report to Carta's Equity Reporting Suite
service.
WHAT DOES THE NEW REPORT OFFER?
* Consistent Date Formatting: All date columns are now displayed as MM/DD/YYYY
for consistency across reports.
* Standardized Security ID Field: The "Security ID" field is now uniformly
formatted across all new reports, facilitating easier reconciliation.
* Uniform Quantity Columns: All quantity-related columns, including "Quantity
Issued," "Quantity Canceled," "Quantity Forfeited," "Quantity Repurchased,"
and "Quantity Transferred," are now displayed consistently to simplify
reconciliation.
* Detailed Transaction Type Field: The new "Transaction Type" field replaces
the old "Reason for Cancellation" field. This new field offers more detailed
transaction discrimination and resolves previous issues with reconciling
shares returning due to grant life expiration (now tracked under "Lifetime
Ended"). It also tracks options canceled due to repricing.
* Termination Date: A new "Termination Date" field has been added to further
streamline reconciliations.
HOW CAN I ACCESS IT?
To access the new Canceled and Returned report, click on Run
reports under Essentials or navigate to Cap table and select Run reports.
WHERE CAN I LEARN MORE?
For more information on Carta's equity reports, please refer to our dedicated
support article.
Will WD
Venture CapitalTax Advisory Investors (Fund Admin)New Feature
2 months ago9.7.2024
QSBS ELIGIBLE INVESTMENTS HIGHLIGHTED IN THE THE SOI
Fund Admin customers with portfolio companies using Carta's QSBS Attestation
product will now see a QSBS tag on the SOI for investments that have been
attested to as QSBS eligible by Carta Tax and Valuations team.
The tag indicates that your fund holds shares that are QSBS eligible (pending
the holding period requirement). To see more details about your QSBS eligible
shares you can click on the investment and navigate to the Holdings page and
select 'QSBS eligible shares'.
Here you can view more information including: number of eligible shares,
securities that are eligible, and download a PDF of the personalized QSBS
Attestation letter.
What do I need to do?
This page is available to customers using Carta for Fund Administration. You can
navigate to your Fund's SOI on Carta by selecting "choose entity" on your firm's
account, selecting the fund you wish to view, and selecting "Investments" in the
navigation menus.
If you have any questions reach out to your assigned Carta account team or
qsbs@carta.com to learn more!
Jordan Agnew
CorporationsCarta PlatformTax Advisory Investors (Corporations) Investors (Fund
Admin)New Feature
2 months ago9.7.2024
REQUEST ACCESS TO QSBS ATTESTATION FROM YOUR PORTFOLIO COMPANIES
Investors can now request access to their QSBS Attestation letter from portfolio
companies using the QSBS product.
This feature allows you see which of your portfolio companies has received a
QSBS Attestation by Carta, and allow you to request access to your QSBS
Attestation letter for your eligible securities.
What do I need to do?
This feature is available to users who are admins for an investment firm on
Carta. To find your QSBS eligible investments, visit your 'Investments' page and
filter to the QSBS eligible investments.
If you have any questions reach out to your assigned Carta account team or
qsbs@carta.com to learn more!
Jordan Agnew
CorporationsCarta PlatformCarta Total CompCarta Launch General AvailabilityNew
Feature
2 months ago14.6.2024
NEW SUITE OF EMPLOYEE MANAGEMENT TOOLS
Starting today, Carta is enabling you to easily determine how much equity to
grant employees and when to grant it via new tools such as the Hiring Planner,
Refresh Grant Planner, and Equity Pool Forecast.
Only Carta can help you:
* Minimize manual work using a single platform
* Take a proactive approach to thinking about impacts of equity grants on your
equity pool
* Conduct accurate forecasting using integrated benchmarks from Carta Total
Compensation
WHAT’S NEW?
With our new suite of Employee management tools, administrators have access to
four new features:
1. Manage Employees hub: See the tools, required steps, and resources to help
you hire, manage and retain your team.
2. Hiring Planner: Add potential new hires to see recommended equity and cash
compensation based on market data, and export plans to share with your team
and investors.
3. Refresh Grant Planner: See which employees are completing vesting soon, and
plan out refresh grants to tenured employees to help retain top performers
4. Equity Pool Forecast: Visualize your equity grants, hiring, and retention
initiatives and their impact on your equity pool over time.
WHO IS THIS AVAILABLE FOR?
All Corporation founders and administrators who can view their company’s cap
table.
HOW DO I USE IT?
You can access these flows by going to your Carta account, and going to Manage
Employees in the side navigation. From there, you can easily access all of the
additional tools.
View a demo walkthrough of this feature.
ANYTHING ELSE I NEED TO KNOW?
If there is anything you wish to see here, use the feedback form that will show
up when you first visit the Manage employees page. If you have already responded
and have additional feedback, or cannot find the form, you can reach out to your
CSM or provide feedback via Carta Community.
Will WD
Venture Capital Investors (Fund Admin)Improvement
2 months ago13.6.2024
MANAGEMENT FEE IMPROVEMENTS
What’s new?
We’ve improved our management fees to ensure you receive accurate offset
calculations and experience a smooth approval process, every quarter.
What’s important about this change?
When approving management fees, you can now remain confident offsets are
accurately accounted for with improvements to our offsets calculator. This means
offsets will be properly allocated to partners in accordance with your LPA.
Plus, spend less time reviewing management fees and approve now, but transfer
later with our new scheduling feature.
How does it work?
You’ll receive an email and notification through your Activity tab that your
fees are ready for review, this time 10 days prior to the new quarter.
You’ll then review your management fee calculations. Not only did we simplify
the view of your total fees due, but we’ve made it easier for you to understand
previously allocated fees, fee savings, and reductions due to offsets or
waivers.
After you approve your fees, you now have the ability to customize the transfer
amount, in this case I selected the full amount, and date the fees are
transferred with our new scheduling feature. Because we’re sending you your fees
for review 10 days prior to the new quarter, you can review and approve then,
but select to transfer on July 1.
Next, select the pay from and pay to accounts, and approve the transfer. If
taking advantage of automated money movement to transfer your fee, check the box
to authorize the money movement.
How do I learn more or get help?
To learn more about Carta’s management fees feature, reach out to your Account
Director or if you’re new to Carta, schedule a demo today.
Kathleen Meil