Karat Financial

About

Karat Financial offers business credit cards tailored to the needs of digital creators and influencers.

Los Angeles,California,United States
11 - 50

Highlights

Details

Last Funding Type: Series A
Last Funding Money Raised: $26M
Industries: Content Creators,Credit Cards,Finance,Financial Services
Founded date: Jan 1, 2019
Number Of Employee: 11 - 50
Operating Status: Active

Karat provides a credit card tailored for creators and influencers, enabling them to grow and manage their businesses. Its Karat Black Card aims to aid high-income creators with a credit card suited to their needs. This is because banks don’t always understand the creator business model which can include unpredictable monthly income and a variety of revenue streams and thus prevents burgeoning creators from accessing capital.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$45.60M

Karat Financial has raised a total of $45.60M in funding over 2 rounds. Their latest funding was raised on Jul 1, 2021 from a Series A round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Jul 1, 2021	Series A	$26M	10	Union Square Ventures	—	Detail
Jul 1, 2021	Debt Financing	$15M	—	—	—	Detail
Jun 25, 2020	Seed	$4.60M	5	—	—	Detail
Mar 22, 2020	Seed	—	1	Y Combinator	—	Detail

Investors

Number of Lead Investors

Number of Investors

2

14

Karat Financial is funded by 14 investors. Union Square Ventures and Alexandra Botez are the most recent investors.

Investor Name	Lead Investor	Funding Round
Union Square Ventures	Yes	Series A
Alexandra Botez	—	Series A
Carter Sharer	—	Series A
GGV Capital	—	Series A
Graham Stephan	—	Series A
Jared Leto	—	Series A
Josh Richards	—	Series A
Justin David Blau	—	Series A
SignalFire	—	Series A
Standard.Tv	—	Series A