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- Karat
Karat Valuation, Funding & Investors
Karat is valued at $1.1B as of October 2021.
Last Karat valuation
$1.1B
Series C · Oct 2021
Last Karat funding round
$110M
Series C · Oct 2021
Cumulative funding Karat raised
$169M
across 5 funding rounds
Key investors in Karat
Norwest
8VC
Tiger Global
Base Partners
Ross Mason
Notable Capital
About Karat
Karat is a technical interview platform that connects companies with a network of over 20,000 expert interviewers for software engineering roles. Seattle-headquartered and founded in 2017, Karat conducts more than 100,000 interviews annually for clients including Capital One, Atlassian, and Shopify. The service uses AI-driven matching and analytics to reduce hiring bias and accelerate talent pipelines.
Founded
2014
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services
Valuation
$1.1B (Oct 2021)
Karat Valuation
Karat is currently valued at $1.1B, based on its Series C in October 2021.
The $110M round was led by Tiger Global, with participation from HighSage Ventures, 8VC, Norwest, Exor Ventures, SemperVirens Venture Capital and 1 other investor.
Karat valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Series C | $1.1B |
Karat Funding History
Karat has raised a total of $169M across 5 funding rounds.
Karat's first fundraising round was a $2M seed round in November 2015. The most recent completed round was a $110M Series C in October 2021.
Karat funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series C | Tiger Global (lead); HighSage Ventures; 8VC; Norwest; Exor Ventures; SemperVirens Venture Capital; Base Partners | $110M | $1.1B | - |
| Oct 2020 | Undisclosed stage | Tiger Global (lead); 8VC; Norwest; Base Partners | $18M | - | - |
| May 2019 | Series B | Tiger Global (lead); 8VC; DIG Ventures; Norwest; Clark Valberg; Notable Capital | $28M | - | Karat, a Seattle-based company founded in 2014, provides technical interviewing services for software engineering roles, conducting structured interviews on behalf of clients to accelerate hiring and improve candidate evaluation. The platform connects companies with a network of Interview Engineers, leveraging a large dataset of interview intelligence for predictive hiring analytics. Clients in 2019 included major firms, with some conducting up to 10,000 interviews annually via Karat, achieving a 60% reduction in interviewing time. On May 15, 2019, Karat raised $28 million in a Series B round led by Tiger Global Management, with participation from existing investors Norwest Venture Partners and 8VC, bringing total funding to approximately $41-43.6 million. Other backers included CXOs from Glassdoor, Activision, MuleSoft, and others. Proceeds were allocated to scale globally by expanding the Interview Engineer community with more remote talent, invest in R&D for interview intelligence, and support customer growth amid tripling interview volumes from 2018 and projected tripling in 2019. Karat had over 50 employees at the time, planning to double headcount. Tiger Global identified Karat through portfolio company insights and market research, viewing it as a leader in addressing surging demand for efficient technical hiring as companies become software-driven. The firm, known for investments in LinkedIn and Spotify, continued backing Karat in later rounds, including a $110 million Series C in 2021 at $1.1 billion valuation. Karat's growth positioned it in the competitive recruiting tech space amid remote work trends. |
| May 2017 | Series A | Norwest (lead); Ross Mason | $11M | - | - |
| Nov 2015 | Seed | 8VC (lead); Craig Sherman; Ross Mason; Michael Ovitz; Kevin Mahaffey; Sara Clemens; Founders' Co-op; Founder Collective; Charlie Songhurst; Lior Delgo | $2M | - | - |
Who has invested in Karat?
19 investors have backed Karat across its funding rounds, including Norwest, 8VC, Tiger Global, Base Partners, Ross Mason and Notable Capital.
Lead investors include Tiger Global, Norwest and 8VC.
Karat Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Nov 2015 | ||
| 4 | Lead | May 2017 | ||
| 3 | Lead | May 2019 | ||
| 2 | Participant | Nov 2015 | ||
| 2 | Participant | Oct 2020 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | May 2019 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
| 1 | Participant | Nov 2015 | ||
This data is available for Pro users. Sign up to see all 19 Karat investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Karat
Karat has acquired 1 company to date.
Last acquisition by Karat was on January 16th 2025. Karat acquired Byteboard for undisclosed valuation.
Latest Acquisitions by Karat
| Description | Byteboard is a San Francisco-based provider of project-based technical interviews for software engineering roles. Its identity-blind assessments evaluate real-world coding skills used in production environments, shortening hiring cycles for clients such as Dropbox, Lyft, Betterment, Robinhood, and Quibi. The platform has doubled onsite-to-offer conversion rates for many users. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 16 Jan 2025 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Karat acquisitions and their M&A valuation multiples. Start Free Trial | |
Karat Competitors
Karat competitors include listed companies like Upwork and Grupa Pracuj, and private ones like Apna, Andela, Instawork and InterviewBit.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $14M | - | $1.1B | 78.6x | ||
| Publicly listed | $788M | $180M | $1.1B | 1.1x | ||
| Publicly listed | $214M | $95M | $1B | 4.4x | ||
| Private | $50M | - | $1.5B | - | ||
| Private | $100M | - | $760M | - | ||
| Private | - | - | $710M | - |
Karat Public Comps
Karat is still privately-owned, but its public comps include Yelp, Baltic Classifieds Group, Upwork, The RealReal, BuySell Technologies, LegalZoom, Grupa Pracuj, QuinStreet, SMZDM.com and Ibotta.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.5B | $251M | 0.8x | 0.8x | 4.5x | 3.4x | |||
| $102M | $79M | 11.2x | 10.9x | 14.5x | 14.1x | |||
| $788M | $180M | 1.0x | 1.1x | 4.6x | 3.6x | |||
| $693M | $15M | 2.2x | 2.0x | 99.6x | 24.6x | |||
| $647M | $70M | 1.8x | 1.4x | 16.2x | 11.8x | |||
| $756M | $74M | 1.2x | 1.1x | 12.1x | 4.8x | |||
| $214M | $95M | 4.6x | 4.4x | 10.3x | 9.7x | |||
| $1.3B | $61M | 0.7x | 0.7x | 15.8x | 7.9x | |||
This data is available for Pro users. Sign up to see all Karat competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Karat
| When was Karat founded? | Karat was founded in 2014. |
| Where is Karat headquartered? | Karat is headquartered in Seattle, WA, United States. |
| Is Karat publicly listed? | No, Karat is a private, VC-backed company. |
| What is Karat's valuation? | Karat was last valued at $1.1B in its Series C in October 2021. |
| How much funding has Karat raised? | Karat has raised $169M across 5 funding rounds. |
| What was Karat's last funding round? | Karat's last funding round was a $110M Series C in October 2021, led by Tiger Global. |
| Who are Karat's investors? | Karat's investors include 8VC, Norwest, Tiger Global, Ross Mason, Base Partners, HighSage Ventures, Craig Sherman, DIG Ventures, Michael Ovitz, Kevin Mahaffey and 9 others. |
| Which companies are comparable to Karat? | Companies comparable to Karat include Apna, Upwork, Grupa Pracuj, Andela, Instawork and InterviewBit. |
| How many companies has Karat acquired? | Karat has acquired 1 company, including Byteboard. |
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