Carta and NewView Partner to Expand Startup Liquidity

The firms are collaborating to help private companies manage employee tender offers as startups remain private longer.

Updated on Oct. 23, 2026 in Startups

Carta and NewView Partner to Expand Startup Liquidity

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Carta and NewView have formed a new partnership to streamline employee tender offers for startup workers. This move aims to increase the frequency of liquidity programs as more private companies seek to offer equity cash-outs.

Why it matters

With startups staying private for 12 to 15 years, tender offers provide a vital mechanism for employee retention and morale. These programs allow workers to sell shares to approved investors for a predetermined price.

A total of 44 tender offers were executed during the first half of 2026. The partnership is designed to address a market shift where companies remain private for 12 to 15 years, with activity projected to increase threefold for late-stage startups.

The players

Carta

Carta is a prominent equity management platform that provides tools for companies to track ownership, valuations, and employee stock options.

NewView

NewView is an investment firm that specializes in secondary market transactions and structuring liquidity solutions for private company stakeholders.

HighTouch

HighTouch is a private company that recently facilitated an employee tender offer at a valuation of $1.3 billion.

ElevenLabs

ElevenLabs is a technology company that has utilized tender offers to provide liquidity to its employees twice within a single year.

The details

The collaboration integrates NewView’s secondary deal-structuring expertise with the equity management platform provided by Carta. Recent market activity includes tender offers for companies like HighTouch, Decagon, Wayve, and ElevenLabs, with ElevenLabs conducting two offers in under a year.

In 2025, NewView led a tender offer for HighTouch at a $1.3 billion valuation.
During the first half of 2026, 44 tender offers were executed across the industry.
In October 2026, Carta and NewView officially announced their new partnership.

Market Landscape

The partnership follows the industry trend where startups are staying private for 12 to 15 years, necessitating new liquidity solutions. By combining their platforms, Carta and NewView are positioning themselves to capture the growing demand for secondary market transactions.

Startup employees may see increased opportunities to cash out a portion of their equity as more firms adopt these liquidity programs. These offers serve as a significant benefit, allowing workers to realize value from their shares without waiting for a company exit.

The takeaway

Tender offers are becoming a standard component of compensation packages as private company tenures continue to lengthen. Employees should monitor their company’s equity policies to understand if and when liquidity events might be available to them.