About Karat
Karat is a company based in Seattle (United States) founded in 2014 by Jeffrey Spector and Mohit Bhende. It operates as a SaaS (Software-as-a-Service), and Professional Services. Karat has raised $248 million across 3 funding rounds from investors including Exor, Norwest Venture Partners and Serena Williams. Karat has completed 1 acquisition, including Byteboard. Karat offers products and services including Direct Hiring, Partner Talent, and Hiring Insights. Karat operates in a competitive market with competitors including Incruiter, FloCareer, MonJin, Intervue and InterviewIA, among others.
- Headquarter Seattle, United States
- Founders Jeffrey Spector, Mohit Bhende
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Karat Inc.
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Products & Services of Karat
Karat offers a comprehensive portfolio of products and services, including Direct Hiring, Partner Talent, and Hiring Insights. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Quality of incoming technical talent is elevated significantly.
High-performing contractor ecosystems are built and managed effectively.
Hiring data is provided for learning and improvement.
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Funding Insights of Karat
Karat has successfully raised a total of $248M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $110 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $110.0M
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First Round
First Round
(15 May 2019)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2022 | Amount | Series C - Karat | Valuation | Serena Williams |
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| Oct, 2021 | Amount | Series C - Karat | Valuation | Tiger Global Management | |
| May, 2019 | Amount | Series B - Karat | Valuation | Tiger Global Management |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Karat
Karat has secured backing from 7 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Exor, Norwest Venture Partners and Serena Williams. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Karat
Karat has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Byteboard. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Technical skills of engineering candidates are evaluated through cloud-based interviews.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Karat
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Karat Comparisons
Competitors of Karat
Karat operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Incruiter, FloCareer, MonJin, Intervue and InterviewIA, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of AI-powered interview and recruitment solutions
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| domain | founded_year | HQ Location |
Provider of outsourced technical interview services
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| domain | founded_year | HQ Location |
Network of expert interviewers providing video-based talent assessments
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| domain | founded_year | HQ Location |
Cloud-based platform for remote tech interviews is provided.
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| domain | founded_year | HQ Location |
Machine learning is applied to candidate interviewing and evaluation.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Karat
Frequently Asked Questions about Karat
When was Karat founded?
Karat was founded in 2014 and raised its 1st funding round 5 years after it was founded.
Where is Karat located?
Karat is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Who is the current CEO of Karat?
Mohit Bhende is the current CEO of Karat. They have also founded this company.
Is Karat a funded company?
Karat is a funded company, having raised a total of $248M across 3 funding rounds to date. The company's 1st funding round was a Series B of $28M, raised on May 15, 2019.
What does Karat do?
Technical interviewing solutions are offered by Karat to enhance hiring processes for businesses worldwide. Services are focused on elevating the quality of technical talent through direct hiring and contractor ecosystems. Innovative human and AI-driven approaches are integrated to support various hiring needs, including global hiring, early career recruitment, and equitable hiring practices. Solutions are tailored for industries requiring specialized technical skills, ensuring fair and engaging candidate experiences. Hiring data and insights are provided to help organizations improve and stay competitive in talent acquisition.
Who are the top competitors of Karat?
What products or services does Karat offer?
Karat offers Direct Hiring, Partner Talent, and Hiring Insights.
How many acquisitions has Karat made?
Karat has made 1 acquisition, including Byteboard.
Who are Karat's investors?
Karat has 7 investors. Key investors include Exor, Norwest Venture Partners, Serena Williams, Tiger Global, and 8VC.
What is Karat's valuation?
The valuation of Karat is $1.1B as of Oct 2021.
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