I’m excited to share that we just raised a $10M Series A for Carry.
Carry enables business owners and modern professionals to grow their net worth by saving money on taxes.
We do this by building the most powerful retirement platform for self-employed individuals, along with best in-class tax planning and education.
And today, we’re announcing $10M to further our mission led by Accomplice VC, with participation from dozens of incredible angel investors.
The Financing
We raised a $10M Series A on a $65M pre-money valuation led by Accomplice VC.
I’ve worked with Jeff and the team at Accomplice for the best part of a decade at Teachable, and couldn’t imagine a better partner for this journey.
We also brought in a cabal of individual operators we admire into our round including Balaji Srinivasan, Sam Parr, Matt Brezina, Codie Sanchez, Kamal Ravikant, Sophia Amoruso, Brianne Kimmel, Sahil Lavingia and 50+ others.
Progress So Far
In the 18 months we’ve been live, we have grown to 1400+ paying customers who use us manage tens of millions of dollars on our platform.
We’re closing in on $1M in ARR growing 15% monthly, with assets on platform growing 20% monthly:
Most notably, we’ve hit these numbers without a paid marketing budget and keeping our burn in the range of ~$100K / month.
Be a Part of Our Journey
One of the most frequent requests we’ve gotten from our customers and well-wishers is that they want to have a financial stake in our journey.
So, we decided to leave a $1M allocation open to our community and allow anyone to apply to invest in Carry at the exact same terms as our other Series A investors.
One note is that you’ll need to be an accredited investor as this raise is powered by Angellist’s Reg D 506(c) platform.
If you’re interested in investing, you can request a copy of our data room and apply for an allocation here.
What’s Next for Carry
I know it’s cliched, but we’re truly just getting started at Carry.
Our long-term goal is to build the Schwab for our generation, combining smart tax optimization with a modern investment platform that makes allows you to invest in both traditional assets like stocks and bonds, or alternative assets like real estate, startups and crypto.
Our upcoming future roadmap includes lots of exciting products like:
- A tax optimization engine that can analyze your tax return and automatically recommend tax strategies that will save you money
- New investment accounts specifically designed to grow wealth including an HSA, defined benefit plans and trust accounts.
- Tax filing for individuals and businesses
We are hiring for lots of open roles, so come join the team out of our Brooklyn office:
Try Carry
Previously, you had to pay for a full year upfront to see if Carry was a fit for you.
But if you’ve thought about giving us a shot, but haven’t taken the leap yet, you can use this special link to try Carry for only $1 for a week.
The link is good until the end of the week!