The 2023 Enterprise Tech 30 list: How does the ET30 universe compare?

The 2023 Enterprise Tech 30 list: How does the ET30 universe compare?

Author: Peter Walker
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Read time:  2 minutes
Published date:  May 15, 2023
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Updated date:  April 23, 2024
Each year, ET30 identifies the most promising startups in enterprise tech. This year, Carta is offering data to contextualize the fundraising metrics for companies in the ET30 universe.

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. 

For more data and insights from across the 36,000 startups that use Carta for cap table management, subscribe to our weekly Data Minute newsletter:

ET30 overall

Total capital invested into ET3O companies on Carta vs other Carta cap tables Q1 2019-Q1 2023

Seed stage

Seed-stage median pre-money valuations by quarter and company type | Q1 2019-Q1 2023Seed-stage median cash raised by quarter and company type | Q1 2019-Q1 2023

Series A

Series A median pre-money valuations by quarter and company type | Q1 2019-Q1 2023Series A median cash raised by quarter and company type | Q1 2019-Q1 2023

Series B

Series B median pre-money valuations by quarter and company type | Q1 2019-Q1 2023Series B median cash raised by quarter and company type | Q1 2019-Q1 2023

Series C

Series C median pre-money valuations by quarter and company type | Q1 2019-Q1 2023Series C median cash raised by quarter and company type | Q12019-Q12023

Series D

Series D median pre-money valuations by quarter and company type Q1 2019-Q1 2023Series D median cash raised by quarter and company type | Q1 2019-Q1 2023

Series E

Series E and later median pre-money valuations by quarter and company type Q1 2019-Q1 2023Series E and later median cash raised by quarter and company type | Q1 2019-Q12 023

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Peter Walker
Author: Peter Walker
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.