Carry is a technology company.
Carry has raised $5.0M across 1 funding round.
Carry has raised $5.0M in total across 1 funding round.
Carry is a seed-stage SaaS company that builds a modern investment platform focused on tax-advantaged accounts and automated financial strategies for business owners and professionals.[1][2][4] It serves self-employed individuals and entrepreneurs by solving complex tax-saving challenges—such as Mega Backdoor Roth conversions, Solo 401(k)s, and IRAs—while enabling investments in stocks, ETFs, mutual funds, alternatives, and automated options like Roboadvisors and Smart Yield.[1][4] With around 28 employees based in New York, Carry has raised $14.5 million, including seed funding from Y Combinator and a Series A led by Accomplice VC at a $65 million pre-money valuation, fueling product expansion and growth.[1]
The platform automates recurring contributions, penalty-free loans, and tax credits (up to $1,500 over three years via EACA eligibility), potentially unlocking $70K+ in annual tax deductions and growth.[1][4] Membership tiers like Core and Pro offer tiered access to these tools, integrated with tax filing, planning, and bookkeeping partners.[4]
Carry was founded in 2009 by Ankur Nagpal, Alejandro Roman, Jessica Catorc, and Nick Rasch, who brought entrepreneurial expertise in fintech and technology to address gaps in tax-efficient wealth building for professionals.[1][2] Ankur Nagpal, as lead founder, has driven the company's strategy around creative tax-advantaged accounts and investments, evolving from early platform validation to a robust SaaS offering.[2]
Early traction came via seed funding from Y Combinator and angels, which supported the initial launch and market testing of tech-enabled tax planning solutions.[1] The journey progressed through multiple rounds totaling $14.5 million, culminating in a Series A to scale product development and reach more business owners seeking net worth growth through tax strategies.[1]
(Note: A separate San Francisco-based Carry Technologies focuses on corporate travel and is unrelated.[3])
Carry rides the fintech wave of democratized tax optimization amid rising self-employment (gig economy, solopreneurs) and complex U.S. tax codes favoring retirement vehicles like Roth conversions.[1][4] Timing aligns with post-2020 remote work boom and inflation-driven wealth preservation needs, where business owners seek automated tools over costly CPAs.[1]
Market forces like SaaS scalability, Y Combinator backing, and VC interest in fintech (e.g., Series A at $65M valuation) position Carry to capture share from fragmented advisory services.[1] It influences the ecosystem by normalizing advanced strategies—potentially inspiring competitors and integrating with broader wealth tech stacks—while empowering users to retain more earnings for reinvestment.[4]
Carry's momentum from $14.5M funding and product maturity signals acceleration toward broader adoption among high-income professionals.[1] Next steps likely include platform enhancements, user acquisition via tax-season marketing, and potential Series B to expand alternatives/crypto offerings and international tax strategies.[1][4]
Shaping trends: AI-driven personalization in fintech, regulatory shifts on retirement accounts, and economic volatility favoring tax efficiency. Carry could evolve into a full-stack wealth platform, amplifying its influence as tax tech becomes table stakes for entrepreneurs—turning "Carry" into synonymous with effortless wealth compounding.[1][4]
Carry has raised $5.0M in total across 1 funding round.
Carry's investors include Andreessen Horowitz, AngelList, Buckley Ventures, Ali Tamaseb, Divergence Ventures, Founder Collective, Founders Fund, Future Ventures, Greylock, Helium-3 Ventures, Liquid 2 Ventures, Quiet Capital.
Carry has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in December 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2022 | $5.0M Seed | Andreessen Horowitz, AngelList, Buckley Ventures, Ali Tamaseb, Divergence Ventures, Founder Collective, Founders Fund, Future Ventures, Greylock, Helium-3 Ventures, Liquid 2 Ventures, Quiet Capital, Rivet Ventures, Scale Asia Ventures, Solana Ventures, Unruly Capital, UpHonest Capital, Y Combinator, YLEM, Arash Ferdowsi, Aston Motes, Augusto Marietti, Dylan Field, Howie Liu, Immad Akhund, Jack Smith, Matt Bellamy, Paul McKellar, Sumon Sadhu |