What is Karat?
Karat operates from Seattle, Washington, providing a crucial service to organizations by conducting technical interviews on behalf of companies seeking to hire software engineers. Beyond its core interview services, Karat also offers a suite of remote hiring software and advanced tech interview tools designed to enhance the efficiency and effectiveness of the recruitment lifecycle for technical talent. The company's focus on optimizing the hiring funnel positions it as a key player in the competitive tech talent acquisition landscape.
How much funding has Karat raised?
Karat has raised a total of $151.6M across 4 funding rounds:
Angel/Seed
$2.3M
Series A
$11.3M
Series B
$28M
Series C
$110M
Angel/Seed (2015): $2.3M with participation from 8VC
Series A (2017): $11.3M led by Norwest Venture Partners
Series B (2019): $28M, investors not publicly disclosed
Series C (2021): $110M featuring Tiger Global Management, 8VC, Base Partners, and Norwest Venture Partners
Key Investors in Karat
Tiger Global Management
Tiger Global Management is an investment firm deploying capital in both public and private markets. The company was founded in 2001 and is headquartered in New York City, New York.
8VC
8VC is a leading technology investment firm, investing in visionary teams and backing industry-transforming companies. The partners have a proven track-record as founders, engineers, and operators of successful companies including Palantir, Addepar, Affinity and OpenGov, amongst others. 8VC was founded in 2012 and manages $3.6 billion in committed capital. The firm invests primarily in smart enterprise platforms across industries including financial services, healthcare, logistics, Bio-IT, and others.
Norwest Venture Partners
Founded in 1961, Norwest Venture Partners is a global, multi-stage venture capital and growth equity investment firm. The company is headquartered in Palo Alto, California with offices in India and Israel.
What's next for Karat?
With the recent infusion of major strategic investment, Karat is poised for accelerated growth and market penetration. The company is likely to leverage this capital to enhance its platform capabilities, expand its client base, and potentially explore new verticals within the talent acquisition technology sector. Further development of its remote hiring software and interview tools, coupled with strategic partnerships, will be critical in solidifying its market position and addressing the evolving demands of enterprise-level software engineering recruitment.
See full Karat company page
