Karat Valuation, Funding & Investors

Karat is valued at $1.1B as of October 2021.

See full Karat profile

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

Karat Overview

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

United StatesSeattle, WA

Website

karat.com

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

Karat valuation by funding round
DateStageValuation
Oct 2021Series 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

Karat funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2021Series CTiger Global (lead); HighSage Ventures; 8VC; Norwest; Exor Ventures; SemperVirens Venture Capital; Base Partners$110M$1.1B-
Oct 2020Undisclosed stageTiger Global (lead); 8VC; Norwest; Base Partners$18M--
May 2019Series BTiger 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 2017Series ANorwest (lead); Ross Mason$11M--
Nov 2015Seed8VC (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

Investors in Karat by funding rounds participated
InvestorHQRoundsRoleFirst check
8VCUnited StatesSan Francisco, CA4LeadNov 2015
NorwestUnited StatesSan Francisco, CA4LeadMay 2017
Tiger GlobalUnited StatesNew York City, NY3LeadMay 2019
Ross MasonSwitzerlandGeneva2ParticipantNov 2015
Base PartnersJapanTokyo2ParticipantOct 2020
HighSage VenturesUnited StatesBoston, MA1ParticipantOct 2021
Craig ShermanUnited StatesSan Francisco, CA1ParticipantNov 2015
DIG VenturesUnited KingdomLondon1ParticipantMay 2019
Michael OvitzUnited StatesLos Angeles, CA1ParticipantNov 2015
Kevin MahaffeyUnited StatesSan Francisco, CA1ParticipantNov 2015
Sara ClemensUnited StatesSan Francisco, CA1ParticipantNov 2015
Founders' Co-opUnited StatesSeattle, WA1ParticipantNov 2015
Founder CollectiveUnited StatesUnited States1ParticipantNov 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

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions 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

Byteboard
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 CountryUnited States
HQ City
San Francisco, CA
Deal Date16 Jan 2025
Valuationundisclosed
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.

Public and private companies comparable to Karat
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ApnaIndiaBangalorePrivate$14M-$1.1B78.6x
UpworkUnited StatesUnited StatesPublicly listed$788M$180M$1.1B1.1x
Grupa PracujPolandPolandPublicly listed$214M$95M$1B4.4x
AndelaNigeriaLagosPrivate$50M-$1.5B-
InstaworkUnited StatesSan Francisco, CAPrivate$100M-$760M-
InterviewBitIndiaBangalorePrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Yelp$1.5B$251M0.8x0.8x4.5x3.4x
Baltic Classifieds Group$102M$79M11.2x10.9x14.5x14.1x
Upwork$788M$180M1.0x1.1x4.6x3.6x
The RealReal$693M$15M2.2x2.0x99.6x24.6x
BuySell Technologies$647M$70M1.8x1.4x16.2x11.8x
LegalZoom$756M$74M1.2x1.1x12.1x4.8x
Grupa Pracuj$214M$95M4.6x4.4x10.3x9.7x
QuinStreet$1.3B$61M0.7x0.7x15.8x7.9x

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.

See companies similar to Karat

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial