For the past five years, a collective known as Enterprise Tech 30 has worked to identify the most promising startups in enterprise technology, as determined by an invitation-only group of venture capitalists.
This year, Carta is offering data to contextualize the fundraising metrics for companies in the ET30 universe, including data about their valuations and cash raised. The following analysis includes every company receiving a vote from a survey, if they are also a Carta customer.
Overall, the ET30 companies on Carta raised $1.0B in Q1 2023, compared to the total $9.9B raised last quarter. These totals are down 92% and 82%, respectively, from Q4 2021.
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DISCLOSURE: This communication is on behalf of eShares Inc., d/b/a Carta Inc. (“Carta”). This communication is for informational purposes only, and contains general information only. Carta is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.
Peter Walker runs the Insights team at Carta, focused on discovering key data and narratives across the private capital ecosystem. In a former life, he was a marketing executive for a media analytics startup and led the data visualization team at the Covid Tracking Project. He fervently hopes to join Carta’s #doggies Slack channel with a pup of his own someday soon.