Carta and Tactyc: FP&A for the Office of the Fund CFO

Carta and Tactyc: FP&A for the Office of the Fund CFO

Author: Henry Ward
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Read time:  2 minutes
Published date:  29 October 2024
While other industries have experienced a renaissance in tools for the office of the CFO, private capital has lagged behind. We're changing that—and setting the stage for an integrated suite of financial and operational products for the private fund CFO.

Today we announced our acquisition of Tactyc, venture’s best fund forecasting and portfolio construction platform. We couldn’t be more thrilled to welcome Anubhav, Michelle, and Shane, as well as all of Tactyc’s customers and investors  to the Carta family.

This acquisition has felt long overdue. I always tell product managers that your best product ideas come directly from customers. If that’s the case with product, it is even more so for integrations and  acquisitions. As Anubhav scaled the business over the past couple of years, I’ve had numerous fund managers ask (or politely tell) us to integrate Carta data with Tactyc’s portfolio modeling software. It’s a testament not only to the impressive business Anubhav has built and the customer happiness he’s created, but also speaks to the power our two products can have together. 

We believe that infrastructure for private fund CFOs is lacking today. While other industries have experienced a renaissance in office of the CFO tools, private capital has lagged behind. We’ve built a proprietary general ledger and a way for funds to access their portfolio company data through a host of internal tools and APIs, which we think are two key pieces of the puzzle. Tactyc, which has built the FP&A equivalent for private funds, is another. 

Soon, Carta fund admin customers will be able to directly feed portfolio company financial and cap table data as well as general ledger data into Tactyc’s planning and forecasting tools, allowing funds to make informed, real-time decisions on their fund. Over time, we’ll expand Tactyc’s existing product to cover management company budgeting and expand to cover more fund types outside of venture. We think this is one step on a long journey to establish an integrated suite of financial and operational products for the private fund CFO.

Finally, we couldn’t be happier to welcome Anubhav and the Tactyc team into the Carta family. With only a three person team, they’ve scaled Tactyc to multiple millions of ARR and hundreds of happy customers. They embody so much of what we care about at Carta, and I’m excited to see what they accomplish here.  

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Henry Ward
Author: Henry Ward
Henry Ward is the CEO and co-founder of Carta.