Carta, NewView Partner to Simplify Employee Tender Offers
NewView Capital and Carta have partnered to streamline employee tender offers, combining secondary deal expertise with Carta's equity platform as such offers triple at late-stage startups.
The story in focus
NewView Capital and Carta have partnered to simplify employee tender offers, combining NewView's secondary deal-structuring experience with Carta's equity platform. The move comes as tender offers at Series C and later-stage startups tripled over three years, yet only 44 were executed in the first half of 2026, according to a joint NewView-Carta study.
- NewView Capital and Carta partnered to simplify employee tender offers.
- The collaboration combines NewView's secondary deal-structuring experience with Carta's equity platform.
- Tender offers at Series C and later-stage startups tripled over the past three years, per a NewView-Carta study.
- Only 44 tender offers were executed in the first half of 2026.
- NewView helped facilitate a Hightouch tender at a $1.3 billion valuation last year.
Partnership aims to ease tender process
NewView Capital recently partnered with Carta to simplify employee tender offers, TechCrunch reported. The collaboration combines NewView's experience structuring secondary deals with Carta's equity platform, according to the report.
Ravi Viswanathan, founder and managing partner of NewView, said the partnership is intended to make it easier for CEOs and companies to consider tenders. He described early liquidity for employees as a potential win for workers, companies and investors.
Tender offers rise but remain limited
A recent study from NewView and Carta found that tender offers increased threefold for Series C and later-stage startups over the past three years. The startups using them are no longer only the most valuable private companies, according to Viswanathan.
Still, the overall share of startups launching such offerings remains relatively small, with just 44 executed in the first half of 2026, the study found. Last year, NewView helped facilitate a tender for Hightouch at a $1.3 billion valuation when the marketing customization startup was seven years old, according to TechCrunch.
Longer private periods drive liquidity push
Viswanathan said companies are staying private for 12 to 15 years and that this is not changing. In the interim, he said, liquidity for employees is needed to prevent talent from leaving venture-backed companies for public counterparts.
Recent tender offers cited by TechCrunch include those by AI customer support startup Decagon, self-driving tech developer Wayve and AI voice generator ElevenLabs, which executed two offerings in less than a year.
Why are tender offers becoming more common at late-stage startups?
Startups are staying private longer, leaving employees with stock they cannot sell. A NewView-Carta study found tender offers at Series C and later-stage startups tripled over three years, though only 44 were executed in the first half of 2026.
Sources & further reading
- Carta and NewView partner, hoping to entice more startups to let employees sell shares early ↗TechCrunch
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