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Carta announces its expansion in the Middle East with a growth rate of 180%

Global equity management company Carta has announced its plans to expand operations to the Middle East. This decision is driven by a notable 180% increase in year-over-year bookings across the broader Asia Pacific region.

The expansion includes partnerships with prominent Middle East entities such as Global Ventures, BECO Capital, Cotu Ventures, Outliers VC, and regional unicorns Foodics, Kitopi, and Tabby.

Henry Ward, CEO of Carta, expressed his enthusiasm, stating, “Carta manages nearly three trillion dollars in equity for nearly two billion people around the world.

It’s an honor to be working with the Abu Dhabi Global Market and Dubai International Financial Centre to bring our platform to founders, investors, and operators in the Middle East.”

Carta is a trusted platform used by more than 40,000 companies for managing cap tables, compensation, and valuations. Additionally, it supports nearly 7,000 funds and Special Purpose Vehicles (SPVs), representing nearly $130 billion in assets under administration.

The company’s liquidity solutions have facilitated the return of $15 billion to shareholders through secondary transactions.

Bhavik Vashi, Managing Director of Asia Pacific at Carta, highlighted the value of Carta’s technology-driven Fund Administration services, stating, “Carta’s technology-driven Fund Administration services have been a substantial value-add for our team, and the cap table product is a natural synergy for our startups.”

Simon Sharp, Partner at Global Ventures, emphasized the strategic partnership with Carta, stating that through collaborative engagement, they are better able to serve their founders.

The decision to expand to the Middle East aligns with the region’s flourishing startup ecosystem, driven by ample capital and supported by government initiatives.

The increasing regulatory clarity and growing interest from investors further solidify Carta’s commitment to delivering fund administration services and fostering financial innovation in the dynamic Middle Eastern market.

Notable companies and funds such as U.S.-based Flexport and Harlem Capital have built their businesses on the Carta platform.

The company has received recognition, being included in Forbes World’s Best Cloud Companies, Fast Company’s Most Innovative list, and Inc.’s Fastest-Growing Private Companies.

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