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According to The Information the company’s annual recurring revenue, or customer commitments to buy its software over the next 12 months, is currently around $150 million, up from $50 million two years ago, according to a person close to the company, noting that Carta isn’t profitable.
“It turns out that you can build a billion-dollar-plus company just going on cap tables,” Ward said in an interview at The Information’s Future of Startups conference on Wednesday. He was referring to the spreadsheets that list who owns the shares and convertible equity of a company. Carta’s software lets those shareholders both track the amount of equity they’ve sold or bought in companies, and view cap tables. Today more than 18,000 customers, including many Silicon Valley-based investors, use Carta software to manage their equity.
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