1Sharpe Ventures led a $30m Series A round in Carats & Cake.

1Sharpe Ventures, a venture capital firm, led a $30m Series A round in Carats & Cake, a financial operating system for the events industry, with participation from Founders Fund, Acrew Capital, Moore Specialty Credit, Correlation Ventures, GMO VenturePartners and Argosy Capital. “When we first invested in Carats & Cake in 2021, we were impressed by Jess’ knowledge of the events industry and fully thought through software and data stack that would best serve her customer base as they grow this vital line of business. The projections we invested on in the seed were quickly blown out of the water and it was a no-brainer to lead the Series A. The pandemic created a wedding boom in an already fast-growing, $100 billion per year industry. By embedding even more deeply with the leading venues and property groups, Carats & Cake is poised to help them provide the experience customers demand and optimize their revenue each step of the way. It’s exciting to be a part of this industry’s transformation and help steward Carats & Cake’s future on the board as well,” Gregor Watson, 1Sharpe Ventures Co-Founder.