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Carats &Amp; Cake Raises $19.3 Million To Transform How Venues Do Business

PRIVATEDec 21, 2021

Amount Raised

$19.3 Million

Round Type

Funding Round

New YorkInformation TechnologySoftwareMedia And EntertainmentData And AnalyticsEvents

Description

Carats & Cake, the first integrated marketing and point-of-sale financing solution for venues and property groups, today announced $19.3 million in financing led by Acrew Capital and Founders Fund. Today’s financing enables the B2B company to expand its role as a full-stack partner to event venues and property groups driving client discovery and marketing as well as digital invoicing and Buy Now, Pay Later (BNPL) financing. The investor syndicate further includes 1Sharpe Ventures, Moore Specialty Credit, Correlation Ventures, GMO VenturePartners, and Socially Financed as well as prominent individuals including SaaS pioneer Zach Nelson, investing legend Peter Lynch, experienced fintech leader and founder of Money20/20 Jonathan Weiner, and private equity entrepreneur Oskar Lewnowski. Carats & Cake’s innovative fintech solutions now bring the omnipresent BNPL consumer experience to events, improving cash flow and management, accelerating conversions, and setting a new industry standard for digital payments across property groups and the events they host.

Quick answer

Carats & Cake raised $19.3 Million in a Funding Round round, dated December 21, 2021. Carats & Cake is based in New York, New York, United States.

How much did Carats & Cake raise?
Carats & Cake raised $19.3 Million in a Funding Round round on December 21, 2021.
What does Carats & Cake do?
Launched in 2013, Carats & Cake is the first integrated marketing and sales solution for venues and property groups.
Where is Carats & Cake based and how big is it?
Carats & Cake is based in New York, New York, United States.

Source: Fundz verified event record.

Who else raised in Media And Entertainment and Data And Analytics around the same time

Companies in the same sectors as Carats & Cake that raised within 45 days of this round, from Fundz verified event records.

  • Vendelux Inc. raised an undisclosed amount (Seed) on January 31, 2022.
  • B2Digital, Inc. raised $34K (Seed) on January 28, 2022.
  • B2Digital, Inc. raised $300K (Seed) on January 26, 2022.
  • B2Digital, Inc. raised $270K (Seed) on January 19, 2022.
  • Fwd Group raised $200M on January 19, 2022.
  • B2Digital, Inc. raised $54K (Seed) on January 7, 2022.

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Company Information

Company

Carats & Cake

Location

750 LEXINGTON AVENUE

New York, New York, United States

About

Launched in 2013, Carats & Cake is the first integrated marketing and sales solution for venues and property groups. Built by leaders from the worlds of hospitality, tech, finance, and marketing, Carats & Cake has cultivated nearly a decade of trust with best-in-class businesses. We connect our highly-engaged community with top venues, properties, and industry professionals.

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Carats & Cake raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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