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Company pair · Software

Carta vs Fivetran

Software Carta private Fivetran filed US-headquartered No Canborsa market

Carta vs Fivetran: two of the better-known names in software, compared side by side.

On this pageSide by side Valuation marks What each discloses Verdict FAQ

CartaPRIVATE · US

FivetranFILED · US

Last valuation$8.5B$5.6B

Basis Tender Post-money

Founded20122012

Employees≈1,618≈1,902

On CanborsaNo marketNo market

At a glance

$8.5B

CartaTender, Secondary sale (disclosed by CEO)

$5.6B

FivetranPost-money, S-1 Filing · Mar 2026

Different bases — the numbers stay side by side

Gap

0 of 2

On CanborsaNeither company has a market

Head-to-head · field by field

Carta vs Fivetran — side by side

Field

CartaPRIVATE · FOUNDED 2012

FivetranFILED · FOUNDED 2012

Last valuation

$8.5B Tender

$5.6B Post-money

Valuation basis

Tender

Post-money

Latest round

Secondary sale (disclosed by CEO)

S-1 Filing

Named investors

Silver Lake Andreessen Horowitz Tribe Capital Meritech Capital Partners

Andreessen Horowitz General Catalyst CEAS Investments Matrix Partners

Founded

2012

Employees (est.)

≈1,618

≈1,902

Sector & HQ

Cap table management / equity software · 🇺🇸 US

Data integration / ELT software · 🇺🇸 US

Status & market

Private — no Canborsa market

Filed — no Canborsa market

Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $8.5B for Carta (tender) and $5.6B for Fivetran (post-money, Mar 2026).

Carta

$8.5BTender · undated

Fivetran

$5.6BPost-money · Mar 2026

CARTA · $8.5B · UNDATEDFIVETRAN · $5.6B · MAR 2026

Carta vs Fivetran · what each company discloses

What each company discloses, and what it leaves out

CartaPRIVATESoftware · US · 2012

+Last disclosed mark $8.5B — tender.

+Founded 2012 .

+≈1,618 employees.

FivetranFILEDSoftware · US · 2012

+Last disclosed mark $5.6B — post-money, Mar 2026.

+Founded 2012 .

+≈1,902 employees.

Verdict

Verdict

The $8.5B tells you…

What buyers paid for shares that already existed — existing shares changed hands in a tender.

The size of that transaction is undisclosed.

Existing shares moved between holders; the company's balance sheet stayed unchanged.

The $5.6B tells you…

What an investor paid for newly issued shares — a primary round, priced post-money.

The size of that round is undisclosed.

A dated print: it moves only when a newer round is announced.

A tender print and a post-money print are priced by different buyers under different terms, so the two numbers stay side by side, each with its own chip, and no ratio is scored. Both are private: there is no public quote and no Canborsa market on either name.