Global equity management company Carta announced plans to expand operations to the Middle East—citing a 180% increase in year-over-year bookings across the broader Asia Pacific region, and “launching with flagship Middle East customers including Global Ventures, BECO Capital, Cotu Ventures, and Outliers VC and Middle East-based unicorns Foodics, Kitopi, and Tabby.”
Carta CEO Henry Ward said:
“Carta manages nearly three trillion dollars in equity for nearly two billion people around the world. It’s an honor to be working with the Abu Dhabi Global Market and Dubai International Financial Centre to bring our platform to founders, investors, and operators in the Middle East.”
Carta is trusted by more than 40,000 companies “to manage cap tables, compensation, and valuations. Carta also supports nearly 7,000 funds and SPVs, and represents nearly $130 billion in assets under administration.”
Carta’s liquidity solutions have “returned $15 billion to shareholders in secondary transactions.”
Bhavik Vashi, Managing Director of Asia Pacific at Carta, said:
“Carta’s technology-driven Fund Administration services have been a substantial value-add for our team, and the cap table product is a natural synergy for our startups,” said Simon Sharp, Partner at Global Ventures. “We have a true strategic partnership with the experts on the Carta team. Through our collaborative engagement, we are able to better serve our founders.
As noted in the update:
“The region’s burgeoning startup ecosystem, fueled by an abundance of capital and bolstered by supportive government initiatives, aligns perfectly with our mission to empower startups and venture capital firms. The increasing regulatory clarity and growing interest from investors further solidify our commitment to delivering fund administration services and fostering financial innovation in this dynamic market.”
Companies and funds like U.S.-based Flexport and Harlem Capital build their businesses on Carta.
The company has been “included on the Forbes World’s Best Cloud Companies, Fast Company’s Most Innovative list, and Inc.’s Fastest-Growing Private Companies.”