When a startup closes a priced round of funding, it’s cause for celebration. But the administrative work needed to complete the deal can also make it cause for exhaustion: Fundraising can require hours of manual data entry, spreadsheet updates, and seemingly endless email threads to collect investor signatures and track wire transfers. All that paperwork is time-consuming—and it’s made fundraising far too expensive.
That’s why we launched Deal Closings. Now, eligible Carta cap table customers have access to a workflow tool that automates most of the administrative tasks required to close a financing round. Deal Closings allows founders to work collaboratively with their lawyers to make closing a round faster, more transparent, and more cost-efficient.
Deal Closings includes three core features for simplifying fundraising:
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Streamlined workflow: Collect and manage investor signatures, communicate with stakeholders, and track wires with one simple interface.
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Transparent tracking: The Deal Closings dashboard tracks the entire closing process, from requesting the first signature to receiving capital. Added transparency means minimal back-and-forth with your investors over text, email, and phone calls.
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Automatic cap table updates: When you complete a priced round, your startup’s cap table automatically updates to reflect the new investment by leveraging information already stored on Carta.
Deal Closings is already available in beta for some Carta cap table customers, and will soon be available for all companies on Carta.
Want to learn more? Reach out to a member of our team.
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. ©2023 eShares Inc., d/b/a Carta Inc. ("Carta"). All rights reserved. Reproduction prohibited.
