Carta launches Carta Law after acquiring AI-driven legal startup Avantia
Carta acquired Avantia Law , launching Carta Law, an integrated legal and compliance platform for private capital firms that combines AI-driven workflows with attorney oversight.
Carta, a software platform focused on equity management and private capital operations, said the acquisition is aimed at addressing operational fragmentation across fund administration, legal, and compliance functions, as private equity and asset management firms face increasing deal velocity and regulatory complexity. The new platform integrates Avantia’s AI workflow engine, Ava, into Carta’s ERP platform, connecting legal and compliance actions directly with fund operations, fund administration, portfolio analytics, CRM, and LP management.
According to the announcement, Carta Law offers AI-assisted legal and compliance recommendations that are verified by attorneys, automated workflows for transactional legal work and compliance tasks, and agent-orchestrated processes spanning areas such as KYC and NDA management.
Avantia, founded in 2018, serves more than 200 asset managers, including 30% of the world’s largest funds, supporting transactions tied to over $15 trillion in assets under management. The company employs around 150 people.
Carta, founded in 2012, has raised approximately $1.16 billion in funding and employs more than 2,000 people. Earlier this year, the company also acquired ListAlpha as part of its broader strategy to build an AI-enabled ERP platform for private capital firms.
“We founded Avantia in 2019 on a contrarian bet — that AI could deliver legal and compliance outcomes, not just assist with them. Pioneering that outcome-as-a-service model drove rapid growth across some of the world’s largest asset managers, and ultimately brought us here. Now, as part of Carta, we are excited to take it to the whole ecosystem.” – James Sutton, CEO, Avantia Law.
“Avantia built the best legal and compliance product for private capital and now we’re making it foundational infrastructure. The largest PE firms in the world are paying top-tier law firms for high-volume, ultimately routine legal work, and they shouldn’t have to. Carta Law changes that by connecting Avantia’s AI-native delivery, outcome-based pricing, and lawyer-backed review directly to Carta’s system of record for private capital.” – Henry Ward, CEO, Carta.
