Carta has acquired AI-powered legal and compliance firm Avantia, expanding the company’s push to build an integrated operating platform for private capital firms and launching a new offering called Carta Law.
The deal brings legal and compliance workflows onto Carta’s broader enterprise resource planning platform for private markets, combining fund administration, investor management, compliance and legal operations into a single system. Financial terms of the acquisition were not disclosed.
The move reflects growing demand among private equity, venture capital and asset management firms for unified operational infrastructure as firms contend with increasing regulatory complexity, higher transaction volumes and pressure to reduce administrative costs.
Carta said the acquisition addresses longstanding fragmentation across private capital operations, where fund administration, legal review, compliance functions and investor onboarding are often handled through separate providers and disconnected systems. That separation can slow deal execution, create compliance bottlenecks and limit visibility into legal spending and institutional knowledge.
Henry Ward, Carta’s chief executive officer, said the acquisition is designed to bring legal and compliance functions directly into the company’s core operating platform for private funds. He argued that large investment firms continue to spend heavily on repetitive legal workflows that could be standardized and automated with AI-supported systems backed by attorney oversight.
Carta Law will combine AI-driven legal workflow automation with review from licensed attorneys through Avantia’s existing law firm structure. The platform is intended to support routine transactional work including non-disclosure agreements, know-your-customer reviews, compliance checks and other high-volume legal processes common across private market transactions.
Founded in 2019, Avantia developed an AI-native legal and compliance platform focused specifically on private capital firms. The company says it now works with more than 200 global asset managers, including approximately 30% of the world’s largest funds, supporting transactions tied to more than $15 trillion in assets under management.
A central part of the integration is Avantia’s workflow engine, Ava, which Carta plans to connect directly into its ERP infrastructure. The goal is to allow legal actions, compliance approvals, fund records and operational workflows to live within a single auditable system rather than across separate vendors and databases.
The acquisition also highlights how AI is rapidly reshaping professional services tied to private markets. While many legal technology companies have focused on productivity tools for attorneys, Carta and Avantia are positioning the platform around outcome-based workflows that combine automation with institutional review processes.
Avantia CEO James Sutton said the company was founded around the idea that artificial intelligence could deliver legal and compliance outcomes directly rather than simply serving as a research or drafting assistant for lawyers.
The transaction continues Carta’s broader strategy of expanding beyond cap table management into a full-stack operational platform for investors, fund managers and portfolio companies. Earlier this year, Carta acquired ListAlpha, adding investor relations and deal management capabilities to its platform.
Carta has increasingly positioned itself as infrastructure for the private capital ecosystem, with products spanning valuations, fund administration, tax services, portfolio analytics, LP management and investment operations. The company said its fund administration platform currently supports approximately 9,000 funds and special purpose vehicles representing more than $220 billion in assets under management.
Existing Avantia clients will continue receiving services under the new structure while gaining access to Carta’s broader platform capabilities, including CRM, fund accounting, LP engagement and portfolio analytics tools.