What is Karat?
Karat is a Seattle-based technology company specializing in conducting technical interviews for organizations seeking to hire software engineers. The company provides a comprehensive platform that includes remote hiring software and advanced tech interview tools, aiming to streamline and professionalize the recruitment process for engineering talent. By offering standardized, objective assessments, Karat helps companies make more informed hiring decisions and improve the candidate experience.
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 Norwest Venture Partners, 8VC, Tiger Global Management, and Base Partners
Key Investors in Karat
Norwest Venture Partners
Norwest Venture Partners, a global multi-stage venture capital and growth equity firm founded in 1961, has been a key financial backer for Karat, specializing in supporting companies through various growth phases.
8VC
8VC is a technology investment firm known for backing visionary teams and industry-transforming companies, with a focus on smart enterprise platforms across diverse sectors.
Tiger Global Management
Tiger Global Management is an investment firm that deploys capital across both public and private markets, indicating a broad investment strategy that can support companies like Karat.
What's next for Karat?
With substantial enterprise-level funding, Karat is poised for significant expansion. Future strategies will likely focus on enhancing its AI-driven interview capabilities, broadening its client base across various industries, and potentially exploring new product lines related to talent acquisition and assessment. The company's continued investment in its technology infrastructure suggests a commitment to maintaining its competitive edge in the rapidly evolving HR tech landscape. Strategic partnerships and further market penetration are anticipated as Karat leverages its recent capital to solidify its leadership position.
See full Karat company page
