Karat Raises $110M Series C Financing

October 13, 2021Client News

Gunderson Dettmer represented client Karat, an “interview-as-a-service” platform, in its $110 million Series C financing led by Tiger Global. The new capital brings the company’s valuation to $1.1 billion. This will enable them to accelerate the opportunity to make the Interviewing Cloud the global standard for technical hiring.

In the announcement of the transaction, co-Founder and CEO of Karat Mo Bhende said, “Today is a very big day for Karat and the future of technical hiring. As we launch Karat’s next chapter of growth, delivering predictive, fair, and enjoyable interviews continues to be our North Start just as it was when we started. And we can’t wait to share more about the innovations and impact that are yet to come.”

The Gunderson deal team was led by Dan O’Connor and included Amy Luong.