How Much Did Karat Raise? Headquarters, Funding & Key Investors

Karat, a Seattle-based HRTech startup founded in 2014 by Jeffrey Spector and Mohit Bhende, has raised $248 million in total funding, reaching a $1.1 billion valuation as of October 2021. The company provides interview engineering services that help organizations conduct high-quality, structured technical interviews using professional interviewers and analytics tools. Supported by investors such as Tiger Global Management, Base Partners, and 8VC, Karat’s Series C round of $110 million strengthens its mission to make hiring more data-driven and equitable through its innovative Interviewing Cloud platform.

How Much Did Karat Raise? Funding & Key Investors

Karat is a leading interviewing-as-a-service company that helps enterprises scale and standardize their technical hiring process. Founded in 2014 by Jeffrey Spector and Mohit Bhende and headquartered in Seattle, Washington, the company provides expert interview engineers who conduct structured interviews, delivering actionable insights to hiring teams.

What Is Karat and What Does It Do?

Founded in 2014 by Jeffrey Spector and Mohit Bhende, Karat is headquartered in Seattle, United States, and employs around 40 people.

The company provides technical interview services and interviewing infrastructure that help enterprises evaluate software engineering candidates at scale. Karat’s Interviewing Cloud platform connects professional interview engineers with hiring teams, enabling consistent, fair, and data-backed evaluations.

Through its insights-driven approach, Karat aims to eliminate bias and streamline the technical recruitment process for some of the world’s most recognized technology companies.

How Much Funding Has Karat Raised?

Series B

Amount Raised: $28M
Date: May 2019
Lead Investors: Tiger Global Management, Norwest Venture Partners, 8VC
Motivation: To expand product capabilities and grow its engineering interviewer network.

Series C

Amount Raised: $110M
Date: October 2021
Lead Investors: Tiger Global Management, Norwest Venture Partners, 8VC, Exor, Base Partners, Sempervirens Fund
Motivation: To scale operations globally and invest in product innovation and data analytics.

Series C (Extension)

Amount Raised: $110M
Date: April 2022
Lead Investors: Serena Williams
Motivation: To support the company’s DEI-focused initiatives and expand the Interviewing Cloud network.

Total Funding Raised: $248 Million

Current Valuation: $1.1 Billion (as of October 2021)

Latest Funding Date: April 2022

Key Investors

Tiger Global Management

Details: A leading global investment firm known for backing high-growth technology startups across sectors.
Investment Focus Areas: Internet, software, fintech, and HRTech.
Notable Investments: Stripe, Facebook, Databricks.

Base Partners

Details: A venture capital firm supporting innovative companies in technology and consumer sectors.
Investment Focus Areas: SaaS, HRTech, and AI-driven platforms.
Notable Investments: Nubank, Loft, QuintoAndar.

Serena Williams

Details: Renowned athlete and investor with a strong focus on diversity and inclusion in business and tech.
Investment Focus Areas: DEI-driven startups, tech, and consumer brands.
Notable Investments: MasterClass, Coinbase, Tonal.

Norwest Venture Partners

Details: Multi-stage venture firm investing in growth-oriented businesses.
Investment Focus Areas: Technology, healthcare, and consumer.
Notable Investments: Plaid, Udemy, Calm.

8VC

Details: Venture capital firm focusing on technology and logistics innovation.
Investment Focus Areas: Software, logistics, AI, and healthcare.
Notable Investments: Palantir, Wish, Asana.

Where Is Karat’s Headquarters?

Karat’s headquarters is located in Seattle, Washington, one of the United States’ most vibrant tech hubs. The city’s access to top engineering talent and proximity to major tech firms like Amazon and Microsoft makes it an ideal location for a company revolutionizing technical hiring. This environment fosters collaboration, innovation, and the development of scalable hiring solutions that serve leading global enterprises.

What’s Next for Karat?

Karat is focused on expanding its Interviewing Cloud ecosystem, enabling more companies to conduct consistent, bias-free technical interviews. The company aims to deepen its partnerships with enterprises and accelerate adoption in global markets. With its growing investor network and commitment to equitable hiring, Karat is well-positioned to lead the next phase of innovation in interview intelligence and technical talent assessment.

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