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Carry is a New York-based financial technology company that develops and manages tax-advantaged wealth management platforms and retirement accounts designed for self-employed professionals, freelancers, and independent business owners. The company's core software platform enables these independent workers to optimize personal tax strategies and grow their net worth through specialized financial products, including Solo 401k plans, traditional IRAs, and Roth IRAs. To support ongoing software development and market expansion, the enterprise has raised approximately $10.5 million in total venture capital funding, highlighted by an $8 million Series A financing round. Carry is financially backed by a syndicate of prominent institutional investors and strategic angels, featuring lead investments and significant participation from recognizable venture capital firms AlleyCorp, Accomplice, and Index Ventures. The organization was originally established under the name Ocho in 2022 by serial entrepreneur Ankur Nagpal.
Carry has raised $5.0M across 1 funding round.
Carry has raised $5.0M in total across 1 funding round.
Carry has raised $5.0M across 1 funding round. Most recently, it raised $5.0M Seed in December 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2022 | $5M Seed | — | Andreessen Horowitz, AngelList, Buckley Ventures, ALI Tamaseb, Divergence Ventures, Founder Collective, Founders Fund, Future Ventures, Greylock, Helium 3 Ventures, Liquid 2 Ventures, Quiet Capital, Rivet Ventures, Scale Asia Ventures, Solana Ventures, Unruly Capital, UpHonest Capital, Y Combinator, Ylem, Arash Ferdowsi, Aston Motes, Augusto Marietti, Dylan Field, Howie LIU, Immad Akhund, Jack Smith, Matt Bellamy, Paul McKellar, Sumon Sadhu | Announced |
Carry is a seed-stage SaaS company that builds a modern investment platform focused on tax-advantaged accounts and automated financial strategies for business owners and professionals.[1][2][4] It serves self-employed individuals and entrepreneurs by solving complex tax-saving challenges—such as Mega Backdoor Roth conversions, Solo 401(k)s, and IRAs—while enabling investments in stocks, ETFs, mutual funds, alternatives, and automated options like Roboadvisors and Smart Yield.[1][4] With around 28 employees based in New York, Carry has raised $14.5 million, including seed funding from Y Combinator and a Series A led by Accomplice VC at a $65 million pre-money valuation, fueling product expansion and growth.[1]
The platform automates recurring contributions, penalty-free loans, and tax credits (up to $1,500 over three years via EACA eligibility), potentially unlocking $70K+ in annual tax deductions and growth.[1][4] Membership tiers like Core and Pro offer tiered access to these tools, integrated with tax filing, planning, and bookkeeping partners.[4]
Carry was founded in 2009 by Ankur Nagpal, Alejandro Roman, Jessica Catorc, and Nick Rasch, who brought entrepreneurial expertise in fintech and technology to address gaps in tax-efficient wealth building for professionals.[1][2] Ankur Nagpal, as lead founder, has driven the company's strategy around creative tax-advantaged accounts and investments, evolving from early platform validation to a robust SaaS offering.[2]
Early traction came via seed funding from Y Combinator and angels, which supported the initial launch and market testing of tech-enabled tax planning solutions.[1] The journey progressed through multiple rounds totaling $14.5 million, culminating in a Series A to scale product development and reach more business owners seeking net worth growth through tax strategies.[1]
(Note: A separate San Francisco-based Carry Technologies focuses on corporate travel and is unrelated.[3])
Carry rides the fintech wave of democratized tax optimization amid rising self-employment (gig economy, solopreneurs) and complex U.S. tax codes favoring retirement vehicles like Roth conversions.[1][4] Timing aligns with post-2020 remote work boom and inflation-driven wealth preservation needs, where business owners seek automated tools over costly CPAs.[1]
Market forces like SaaS scalability, Y Combinator backing, and VC interest in fintech (e.g., Series A at $65M valuation) position Carry to capture share from fragmented advisory services.[1] It influences the ecosystem by normalizing advanced strategies—potentially inspiring competitors and integrating with broader wealth tech stacks—while empowering users to retain more earnings for reinvestment.[4]
Carry's momentum from $14.5M funding and product maturity signals acceleration toward broader adoption among high-income professionals.[1] Next steps likely include platform enhancements, user acquisition via tax-season marketing, and potential Series B to expand alternatives/crypto offerings and international tax strategies.[1][4]
Shaping trends: AI-driven personalization in fintech, regulatory shifts on retirement accounts, and economic volatility favoring tax efficiency. Carry could evolve into a full-stack wealth platform, amplifying its influence as tax tech becomes table stakes for entrepreneurs—turning "Carry" into synonymous with effortless wealth compounding.[1][4]
Carry has raised $5.0M in total across 1 funding round.
Carry's investors include Andreessen Horowitz, AngelList, Buckley Ventures, Ali Tamaseb, Divergence Ventures, Founder Collective, Founders Fund, Future Ventures, Greylock, Helium-3 Ventures, Liquid 2 Ventures, Quiet Capital.
