PandaDoc uses Carta to streamline board consents

Richard Bray
VP, Finance and Operations



Cap table, Board Consents

Company size




PandaDoc is a San Francisco-based startup that helps companies quickly create and send quotes, proposals, and contracts. They also have offices and employees in St. Petersburg, FL Manila, and Belarus.

PandaDoc uses Carta to manage their equity, give employees an easy way to track and exercise their options, and work with their board on consents and approvals.

They view Carta as the system of record for their company and shareholders’ equity. Carta also helps them work more efficiently with their lawyers who are already familiar with the system, allowing them to lean on counsel for quick reviews and edits when necessary.

Employee Experience

Carta provides a better experience for their employees. Prior to Carta, there were many employee questions around their equity. “We previously had tons of questions after grants went out, but that has reduced significantly.” As personal users, the process for exercising options and the AMT walkthrough and estimates are proving to be helpful.

Board Consents on Carta

Previously, Panda Doc had their lawyers draft up templates for anything their board needed to approve. They’d then get approval within the board meetings themselves, and send out requests fore-signatures.

Now with Carta’s board consents, they’re able to spend less time on administrative work during board meetings, and more time on strategic discussion. Using templates their in-house legal team helped build, PandaDoc now gets new option grants approved by their board directly through Carta.

“It’s super easy. Our VCs are already doing this in Carta and already have logins.” Grant approvals are easier and faster, as well. With just a few steps in Carta, PandaDoc is able to draft the option grants, get board consent, and have those grants go live upon approval.

“It’s tremendously streamlined and reduces errors. When you make errors with people’s compensation, it gets messy. We try to make sure that doesn’t happen, and Carta helps us do that.”

Explore case studies

How Carta helps first-time fund manager at Rarebreed VC focus on founders
Learn more
How QED Investors leveraged Carta technology to keep up with growth
Learn more
Startup Early-stage,SaaS
Luminary Cloud chooses Carta for Qualified Small Business Stock (QSBS) attestation letter and Tax Advisory
Learn more
Startup e-commerce,rfid
RADAR and Carta: Empowering equity ownership with QSBS and early exercise
Learn more
Startup B2B,LLC
Relativity chose Carta LLC platform to help manage its equity program
Learn more
Venture Capital Consumer,Femtech,Healthcare
How Emmeline Ventures uses Carta’s operational planning model to break into VC
Learn more
Venture Capital Biotech,Healthtech
Rising biotech VC partners with Carta for fund administration
Learn more
Startup Biotech
Xcell Biosciences partners with Carta Tax Advisory to educate and empower employees around their equity compensation
Learn more
Startup Early-stage,SaaS
StreetMetrics invests in its employees’ well-being with personalized equity and tax education
Learn more
Let's build together