Karat Raises $70 Million

Karat Financial is a startup that provides a suite of financial tools tailored specifically for content creators. Unlike traditional loans, Karat offers content creators upfront advances based on their projected future earnings. This enables creators to access capital when they need it most, whether it’s for equipment upgrades, production costs, or personal expenses.

Karat has secured $70 million in Series B funding, including $30 million in debt financing from TriplePoint Capital and a $40 million equity round led by SignalFire. Other investors included popular creators such as livestreamer Ludwig Ahgren and podcast host PatFlynn.  

Karat, Los Angeles, California, United States, was founded in 2019 by Eric Wei and Will Kim with the aim to help creators manage their money across payments, bank accounts, invoicing, and more. “The bottom line is that Karat sees creators as the brands and businesses of tomorrow, but high-end creators, just like any other business, need access to capital to grow,” Kim told TechCrunch in an email interview. “Karat is here to fuel that growth, democratizing access to capital that remains outside the focus of large banks. Creators are eating the world, and Karat is in a great position to be the financial system that powers them.”

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