Carta’s ill-fated side business has finally found a buyer

Startup Public has acquired Carta’s secondary business brokerage accounts, TechCrunch has confirmed.

Carta, best known for its limit table management software, sits on a data stock. It tried to expand into the hot secondary market brokerage business, but in January a startup client publicly accused Carta of using private data from the startup’s capitalization table to approach its shareholders to broker a sale without the startup’s knowledge. The accusation went viral and scared many of Carta’s customers, who threatened to leave.

A few days later, Carta announced that it was withdrawing from this business. It has now found a willing buyer in Public, Axios previously reported.

In an emailed statement to TC, Public said the Carta Capital Markets customers it acquired have the right to opt out. Meanwhile, Carta says he’s not completely out of the secondary. It will continue to offer “company-led secondary offerings such as tender offers” through its SEC-registered transfer agent, it said.