Kaarta, Inc.
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Kaarta, Inc. - overview
Established
2016
Location
Pittsburgh, PA, US
Primary Industry
Software
About
Kaarta, Inc. is an innovative technology company that provides software solutions aimed at enhancing operational efficiency for businesses across various sectors. Founded in 2016 and headquartered in Pittsburgh, US, Kaarta, Inc. specializes in software applications that streamline workflows for mid-sized enterprises.
The company has raised a total of USD 6. 5 mn through a Series A funding round led by Greensoil Investments, with notable participation from Riverfront Ventures and others. This funding was completed on March 20, 2019, and reflects the firm's commitment to expanding its technological offerings. Kevin Dowling serves as the CEO.
Kaarta, Inc. offers a range of innovative software solutions tailored to address specific operational challenges faced by businesses. Their core product offerings enhance efficiency and streamline workflows, allowing clients to optimize productivity and reduce costs. These products have been successfully adopted across North America, Europe, and parts of Asia, primarily targeting mid-sized enterprises.
Users, from project managers to executive teams, rely on Kaarta's applications to enhance collaboration and decision-making processes, with continuous improvements informed by user feedback. Kaarta, Inc. operates a revenue model that combines subscription-based services with direct sales. Clients typically subscribe annually, gaining access to a suite of software tools that are regularly updated.
The company also offers tiered pricing plans tailored to various business sizes, fostering flexibility. Their flagship products generate significant revenue through both direct sales and distributor partnerships, ensuring stable income streams and long-term client relationships. Kaarta, Inc. plans to leverage its recent Series A funding of USD 6.
5 mn to enhance its product offerings and expand into new markets. The funds will support the development of upcoming software products designed to meet emerging client needs, with launch timelines expected in the coming quarters. The company is targeting geographic expansion into additional regions of North America and Europe by 2022, aiming to capture a broader client base and further enhance operational efficiency for its users.
Current Investors
Greensoil Investments, Innovation Works, Quaker Capital Management Corporation
Primary Industry
Software
Sub Industries
Engineering Software, Analytics & Performance Software
Website
www.kaarta.com
Verticals
Robotics
Total Amount Raised
Subscriber access only
Kaarta, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Kaarta, Inc. | - |
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