Business Daily Media

Men's Weekly

.

Carta continues with global expansion in Australia to support the country’s local startup and investor ecosystem

The US-based private capital software platform sets up base in Sydney as part of Investment NSW’s efforts to grow New South Wales into a thriving global hub for business.

SYDNEY, AUSTRALIA / SINGAPORE - Media OutReach Newswire - 14 November 2024 - Carta today announced its expansion into the Australian market, marking a significant milestone in the company's roadmap to connect more startups and investors with its comprehensive private market ecosystem.

As startup companies scale and mature, their equity structures often become increasingly complex. In Australia, this complexity is amplified by factors such as ASX (Australian Securities Exchange) listing requirements, the intricacies of employee share schemes, and the corporate actions involved in growth, like mergers and acquisitions.

Australia, which is ranked 11th on the Global Startup Ecosystem Index, boasts a robust economy and a growing demand for sophisticated solutions for the private market. To meet this need, Carta has chosen to expand its presence in the country. The expansion is supported by Investment NSW, a government agency dedicated to promoting economic growth and attracting investment to New South Wales.

Building on past successful projects with Australia-based firms such as Employment Hero and Titanium Ventures (formerly known as Telstra Ventures), Carta aims to collaborate with the government to deliver exceptional investment value to the local ecosystem. This aligns with the company's commitment to Investment NSW's goal of fostering local economic development. Carta's prior investments in Australia included strategic partnerships for events and the establishment of a remote team.

Bhavik Vashi, Managing Director of Carta, will lead the company's new initiatives in Sydney, bringing a wealth of industry experience from his background in B2B SaaS platforms serving the office of the CFO. His extensive experience and strong industry relationships will be instrumental in supporting Australian startups and funds as they navigate the complexities of the private market. His proven track record of scaling Carta's operations in other markets, such as Singapore and the Middle East, positions him well to drive significant growth in Australia.

"With its vibrant ecosystem, Australia is ripe for the next phase of growth in the private markets," said Vashi. "Our official expansion here aligns perfectly with Carta's vision to streamline how private markets operate. By introducing our solutions, we aim to empower local startups and investors to manage ownership more efficiently and scale operations effectively."

Sam Wheatley, Executive Director for Fostering Innovation at Investment NSW, also expressed excitement about Carta's Australian expansion. "Australia is a strategic market for global growth, and we are delighted to have Carta onboard to help us drive growth and innovation in the local startup ecosystem," said Wheatley.

Carta is set to launch its new office in Sydney on Monday, 18 November 2024. This will serve as a hub for sales, marketing, and future activities such as the expansion of the company's partnerships with local universities, UNSW Founders & INCUBATE from The University of Sydney, as well as Techstars Tech Central Sydney Accelerator powered by the NSW Government, to extend its free equity management program, Launch.Hashtag: #carta

The issuer is solely responsible for the content of this announcement.

About Carta

Carta is a platform that helps people manage equity, build businesses, and invest in the companies of tomorrow. Our mission is to create more owners. We do this by unlocking the power of equity ownership for more people in more places.

Carta is trusted by more than 40,000 companies in more than 160 countries to manage cap tables, compensation, and valuations. Carta also supports more than 7,000 funds and SPVs, which together represent over $130B in assets under administration. Carta's liquidity solutions have returned $15B to shareholders in secondary transactions. Today, Carta's platform manages nearly three trillion dollars in equity for more than two million total stakeholders.

Companies and funds like Flexport, Tribe, and Harlem Capital build their businesses on Carta. The company has been included on the Forbes World's Best Cloud Companies, Fast Company's Most Innovative list, and Inc.'s Fastest-Growing Private Companies. For more information, visit .

News from Asia

Shede Aged Baijiu Festival Debuts in Malaysia and Singapore – Fosun Empowers Shede Spirits to Share Its Aroma with the World

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 5 August 2025 - On August 3, the Shede Aged Baijiu Festival was staged in Malaysia, following its successful Singapore edition. Once again, Shede...

The Answer in a tree: Practices of Environmental Governance and Industrial Development in Lankao, Henan

LANKAO, CHINA - Media OutReach Newswire - 5 August 2025 - From July 23 to 27, the Shanghai Cooperation Organization Media and Think Tank Summit took place in Zhengzhou, Henan Province...

Southeast Asia Youth Join Global Innovation Movement at Xiamen University Malaysia

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 5 August 2025 - The final competition and award ceremony of the Southeast Asia Division Contest of China International College Students' Innovati...

A Decade of Wonder: Wonderfruit Announces Programming through a Guide to Wonder

Artist line-ups, dining, artwork and more revealed in the second releaseBANGKOK, THAILAND - Media OutReach Newswire - 6 August 2025 - Wonderfruit, Thailand’s annual celebration of culture, art, mu...

ICH Group Anchors Key SGX Group IPOs; Bullish on Singapore's Small-Mid-Cap Market

Capital Deployed to Date: Over US$1 Billion Companies Supported: Advised and invested in 200+ SGX-listed companies SINGAPORE - Media OutReach Newswire – 6 August 2025 - ICH ...

Leading with Purpose: ESET Puts Pamela Ong in Command as Singapore’s Digital Economy Accelerates

SINGAPORE - Media OutReach Newswire - 6 August 2025 - ESET, a global leader in cybersecurity, has announced the appointment of Pamela Ong as Country Manager for Singapore and the Asia region...

Trend Micro Reinvents Proactive Security with Digital Twin Technology

Innovation at the speed of agentic AI, built on NVIDIA AI, provides a data-driven foundation for supercharged decision-makingHONG KONG SAR - Media OutReach Newswire - 6 August 2025 - Trend Micro...

Aspire cuts FX fees to help entrepreneurs with global ambitions scale smarter

SINGAPORE - Media OutReach Newswire - 6 August 2025 - Aspire, a leading all-in-one finance platform for modern businesses, has lowered its foreign exchange fees further to help entrepreneu...

240-Hour Visa-Free Transit Policy Enhances the Allure of Amazing Guizhou in Jakarta

JAKARTA, INDONESIA - Media OutReach Newswire – 6 August 2025 – Guizhou, a province renowned not only for the majestic Huangguoshu Waterfall and the mystical Mount Fanjing, is now more accessible t...

Malaysia’s US$43 Billion Potential Asset Tokenisation Opportunity

Project Juara charts way forward for all stakeholders to capture tokenisation opportunities and drive financial transformation in Malaysia.KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 6 Augu...

Digital Upgrade to Boost Efficiency Across Tasmanian Ports

TasPorts is undertaking a multimillion-dollar digital transformation that will improve efficiency, and enable smarter, more sustainable operations a...

Simplifying ecommerce integrations: How to streamline your setup without the stress

In today’s fast-moving retail world, having an ecommerce presence isn’t optional. Platforms like Shopify, WooCommerce, and Squarespace have lowered...

Shop Small Returns to Back the Small Businesses Supporting Local Communities

The annual Shop Small movement by American Express is returning for its 13th year in Australia to galvanise support for the country’s vibrant smal...

Introducing Commerce, the New Parent Brand of BigCommerce, Feedonomics and Makeswift, Powering an AI-Driven Future

Commerce’s open, intelligent ecosystem connects the tools and systems that drive growth and empower businesses to unlock data potential and deliver ...

How better billing can boost performance and profits in uncertain times

Optimising your revenue management function will help you put your business on stronger footing. The fact that economic conditions are tricky i...

Small-Business Cash-Flow Playbook 2025

An educational guide to managing ATO debt, real-time super and growth finance in Australia’s new landscape Why ATO debt just became the most expe...

Sell by LayBy