United States · Seed startup

Who invested in Carrot

5 rounds we have observed, with the 17 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

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Funding summaryUpdated 5 Nov 2026

$68Mraised across 5 rounds since 2018, from 6 sources

$25MRound$24MSeries B
Latest round
Seed, $4.2MMay 2025
Led by
MaC Venture Capital
Biggest round
$25MRound · Oct 2018
Investors
17 (3 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019202020212022202320242025
$25MRound$24MSeries B$5.5MSeed$9.6MVenture$4.2MSeed
First round
Round, $25M
Oct 2018
Biggest round
$25M
Round · Oct 2018
Usual gap between rounds
21 months
the median of 3

The rounds

  1. May 2025
    Seed$4.2M3 new

    Reported by Disrupt Africa and 1 otherSEC filing: $600K sold, first sale May 2025

  2. Oct 2021
    Venture$9.6M1 new

    Source recordedSEC filing: $9.6M sold, first sale Sept 2021

  3. Sept 2021
    Seed$5.5M5 new

    Source recordedSEC filing: $9.6M sold, first sale Sept 2021

  4. Aug 2020
    Series B$24M3 new

    Source recordedSEC filing: $6.7M sold, first sale Mar 2020

  5. Oct 2018
    Round$25M5 new

    Reported by PrnewswireSEC filing: $25M sold, first sale Oct 2018

Founders and team

From Carrot's own website: 4 on the team.

  • Ha Van T. LeSenior Vice President of Finance
  • Sara LippertVice President of Development
  • Daniel BalbierzChief Operating Officer
  • Shariq MinhasChief Technology Officer

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

MaC Venture CapitalVC firm1round, led 1
JJDCInvestment firm1round, led 1
R7 PartnersPrivate equity1round, led 1
Khosla VenturesVC firm1round
CRVVC firm1round
Abstract VenturesVC firm1round
Precursor VenturesVC firm1round
Uncork CapitalVC firm1round
NextView VenturesVC firm1round
Kindred VenturesVC firm1round
M13VC firm1round
Marc BenioffVC firm1round
Designer FundVC firm1round
Partech AfricaVC firm1round
Authentic VenturesVC firm1round
David S. Utleyno record of our own yet1round
New York Life Ventures/ Khoslano record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Carrot

Who invested in Carrot?

Carrot's investors include MaC Venture Capital, JJDC, R7 Partners, Khosla Ventures and CRV, and 12 more on record. MaC Venture Capital led its latest round.

How much has Carrot raised?

Carrot has raised $68M across 5 rounds since 2018.

When did Carrot last raise?

Carrot's most recent round was a Seed of $4.2M in May 2025, led by MaC Venture Capital.

What was Carrot's biggest round?

Carrot's largest round on record is $25M (Undisclosed round), in Oct 2018, led by JJDC.

Who backed Carrot first?

Carrot's first round on record, in Oct 2018, was backed by JJDC, R7 Partners and Marc Benioff and 2 others.

What stage is Carrot at?

Carrot's latest named round is a Seed, in May 2025.

Where is Carrot based?

Carrot is based in the United States.

Who led Carrot's rounds?

JJDC led the Undisclosed round in 2018; MaC Venture Capital led the Seed in 2025.

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