{"id":10069,"date":"2023-12-07T18:49:08","date_gmt":"2023-12-07T15:49:08","guid":{"rendered":"https:\/\/entarabi.com\/?p=10069"},"modified":"2023-12-07T18:53:34","modified_gmt":"2023-12-07T15:53:34","slug":"carta-announces-its-expansion-in-the-middle-east-with-a-growth-rate-of-180","status":"publish","type":"post","link":"https:\/\/entarabi.com\/en\/2023\/12\/carta-announces-its-expansion-in-the-middle-east-with-a-growth-rate-of-180\/","title":{"rendered":"Carta announces its expansion in the Middle East with a growth rate of 180%"},"content":{"rendered":"<div class=\"flex-shrink-0 flex flex-col relative items-end\">\n<div>\n<div class=\"pt-0.5\">\n<div class=\"gizmo-shadow-stroke flex h-6 w-6 items-center justify-center overflow-hidden rounded-full\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"relative flex w-full flex-col lg:w-[calc(100%-115px)] agent-turn\">\n<div class=\"flex-col gap-1 md:gap-3\">\n<div class=\"flex flex-grow flex-col max-w-full\">\n<div class=\"min-h-[20px] text-message flex flex-col items-start gap-3 whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 overflow-x-auto\" data-message-author-role=\"assistant\" data-message-id=\"5c9dcaba-298a-432d-a195-e984780ab070\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light\">\n<p style=\"text-align: left\">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.<\/p>\n<p style=\"text-align: left\">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.<\/p>\n<p style=\"text-align: left\">Henry Ward, CEO of Carta, expressed his enthusiasm, stating, &#8220;Carta manages nearly three trillion dollars in equity for nearly two billion people around the world.<\/p>\n<p style=\"text-align: left\">It\u2019s 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.&#8221;<\/p>\n<p style=\"text-align: left\">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.<\/p>\n<p style=\"text-align: left\">The company&#8217;s liquidity solutions have facilitated the return of $15 billion to shareholders through secondary transactions.<\/p>\n<p style=\"text-align: left\">Bhavik Vashi, Managing Director of Asia Pacific at Carta, highlighted the value of Carta&#8217;s technology-driven Fund Administration services, stating, &#8220;Carta\u2019s 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.&#8221;<\/p>\n<p style=\"text-align: left\">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.<\/p>\n<p style=\"text-align: left\">The decision to expand to the Middle East aligns with the region&#8217;s flourishing startup ecosystem, driven by ample capital and supported by government initiatives.<\/p>\n<p style=\"text-align: left\">The increasing regulatory clarity and growing interest from investors further solidify Carta&#8217;s commitment to delivering fund administration services and fostering financial innovation in the dynamic Middle Eastern market.<\/p>\n<p style=\"text-align: left\">Notable companies and funds such as U.S.-based Flexport and Harlem Capital have built their businesses on the Carta platform.<\/p>\n<p style=\"text-align: left\">The company has received recognition, being included in Forbes World\u2019s Best Cloud Companies, Fast Company\u2019s Most Innovative list, and Inc.\u2019s Fastest-Growing Private Companies.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":11,"featured_media":10060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"post_subtitle":"","footnotes":""},"categories":[1772],"tags":[2464],"class_list":["post-10069","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startups","tag-carta-en"],"_links":{"self":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/10069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/comments?post=10069"}],"version-history":[{"count":0,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/posts\/10069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media\/10060"}],"wp:attachment":[{"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/media?parent=10069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/categories?post=10069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entarabi.com\/en\/wp-json\/wp\/v2\/tags?post=10069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}