# Carats and Cake

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carats-and-cake

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.caratsandcake.com
- Total disclosed funding: $20M
- Latest round: Series A (Sep 21, 2022)
- Investors on record: 9

## About

Based in New York, US, and founded in 2013 by CEO Jess Levin Conroy, Carats and Cake, Inc. operates as an integrated marketing and sales financing solution. In December 2021, Carats and Cake, Inc. raised USD 19.3 million in seed funding, led by new investors Acrew Capital and Founders Fund. As of 2021, the company has an online and social community in the $100 billion event industry. 

The Carats and Cake, Inc. platform helps wedding couples to search, compare, and select wedding vendors, planners, and photographers. It also provides a platform for wedding vendors, for example, wedding planners, photographers, flowers, videographers, venues, and wedding planners, to get listed and enables them to manage and grow their business.

Carats & Cake generates revenue by charging a transaction fee that is competitive with processing fees for every payment made through the platform.

Carats and Cake, Inc. will use the seed funding to set a new industry standard for digital payments across property groups and the events they host.

## Funding rounds

- Series A, Sep 21, 2022, $11M — Moore Capital Management - Private Equity, Founders Fund, Correlation Ventures, GMO VenturePartners, Acrew Capital, Socially Financed, Argosy Healthcare Partners, SilverCircle, 1Sharpe Capital
- Seed, Dec 21, 2021, $9.3M — Founders Fund, Acrew Capital

## Investors

- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Seed, Series A
- Acrew Capital (https://capitalatlas.ai/funds/acrew-capital) — Seed, Series A
- Moore Capital Management - Private Equity — Series A
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series A
- Socially Financed — Series A
- Argosy Healthcare Partners (https://capitalatlas.ai/funds/argosy-healthcare-partners) — Series A
- SilverCircle (https://capitalatlas.ai/funds/silvercircle) — Series A
- 1Sharpe Capital (https://capitalatlas.ai/funds/1sharpe-capital) — Series A