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Carats & Cake Nabs $19.3M

2021-12-21
NEW YORK, NY, Carats & Cake, the first integrated marketing and point-of-sale financing solution for venues and property groups, today announced $19.3 million in financing.
The round was led by Acrew Capital and Founders Fund. Today's financing enables the B2B company to expand its role as a full-stack partner to event venues and property groups driving client discovery and marketing as well as digital invoicing and Buy Now, Pay Later (BNPL) financing. The investor syndicate further includes 1Sharpe Ventures, Moore Specialty Credit, Correlation Ventures, GMO VenturePartners, and Socially Financed as well as prominent individuals including SaaS pioneer Zach Nelson, investing legend Peter Lynch, experienced fintech leader and founder of Money20/20 Jonathan Weiner, and private equity entrepreneur Oskar Lewnowski. Carats & Cake's innovative fintech solutions now bring the omnipresent BNPL consumer experience to events, improving cash flow and management, accelerating conversions, and setting a new industry standard for digital payments across property groups and the events they host.

Carats & Cake is the first integrated marketing and point of sale financing solution for venues and property groups. Built by industry leaders, Carats & Cake has cultivated nearly a decade of trust with best-in-class businesses. Carats & Cake has created a space that connects our highly-engaged community with top industry venues and properties, and industry professionals. Founded in 2013 as a marketing and discovery platform, Carats & Cake now has the fastest-growing online and social communities in the $100B events industry.
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