For the past five years, a collective known as Enterprise Tech 30 has worked to identify the most promising startups in enterprise technology, as determined by an invitation-only group of venture capitalists.
This year, Carta is offering data to contextualize the fundraising metrics for companies in the ET30 universe, including data about their valuations and cash raised. The following analysis includes every company receiving a vote from a survey, if they are also a Carta customer.
Overall, the ET30 companies on Carta raised $1.0B in Q1 2023, compared to the total $9.9B raised last quarter. These totals are down 92% and 82%, respectively, from Q4 2021.
For more data and insights from across the 36,000 startups that use Carta for cap table management, subscribe to our weekly Data Minute newsletter:
ET30 overall
![Total capital invested into ET3O companies on Carta vs other Carta cap tables Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/12JDEt4KeFYRm4IhE43bHK/ea40c21ad0b26a6dd2061d7b7f769dec/ET30-Overall.png)
Seed stage
![Seed-stage median pre-money valuations by quarter and company type | Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/3Sarn1netYo2qScDJmUUVs/0fbe5a6fb6930d87d4d2eebc470ad9ef/ET30-Seed-Vals.png)
![Seed-stage median cash raised by quarter and company type | Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/2pJDY0eFImVDp7UgcGmj7j/bf2af89d684cfe28c7304045b9984411/ET30-Seed-Cash.png)
Series A
![Series A median pre-money valuations by quarter and company type | Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/1z7tAQDhjWO5jKPXQVuKTU/49b3d7efb14f529a1377a21ff32026eb/ET30-Series-A-Vals.png)
![Series A median cash raised by quarter and company type | Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/4vcNROK1IPJhGKLOhIpB0o/c08c91835b9f0c277d54d099970d7bad/ET30-Series-A-Cash.png)
Series B
![Series B median pre-money valuations by quarter and company type | Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/73JjAfE2f2ujvOo1sq1vQn/e3a4499425e9cc9acce3ad9ea3e7d32c/ET30-Series-B-Vals.png)
![Series B median cash raised by quarter and company type | Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/75t5nn7jRXJrDxLQwOlwsX/3ac980082c2afe5e3e24206bca4350f7/ET30-Series-B-Cash.png)
Series C
![Series C median pre-money valuations by quarter and company type | Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/4NxokUIUSOPF8K9v8QpuWy/85b8b8828b20ba37e0620d6351a32e35/ET30-Series-C-Vals.png)
![Series C median cash raised by quarter and company type | Q12019-Q12023](https://images.ctfassets.net/y88td1zx1ufe/3qzjTPIbwa4swQ1IScHuKr/742cb686cc3de34b830cea530705bb56/ET30-Series-C-Cash.png)
Series D
![Series D median pre-money valuations by quarter and company type Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/3Zi3rdt55fyCIZUmURWl90/c8fc67944e36310a075f786a91349644/ET30-Series-D-Vals.png)
![Series D median cash raised by quarter and company type | Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/20Fckqobb4wNNcZMhNMXYt/1c2b08672fb7a78c0c211c08f5001230/ET30-Series-D-Cash.png)
Series E
![Series E and later median pre-money valuations by quarter and company type Q1 2019-Q1 2023](https://images.ctfassets.net/y88td1zx1ufe/3s5wNwGxaKiwzQeYn8gWxW/33ba6fc52f38936b30ba497b9615d336/ET30-Series-E-Vals.png)
![Series E and later median cash raised by quarter and company type | Q1 2019-Q12 023](https://images.ctfassets.net/y88td1zx1ufe/1hx7GTO3IKZkNx0EeiiWI5/9263906b83e0f66c0f2caa3d90e66e70/ET30-Series-E-Cash.png)