Carta’s chief technology officer is leaving the $1.7 billion fintech startup after a little over a year

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  • Carta’s chief technology officer is leaving the fintech startup, the company told Business Insider.
  • Japjit Tulsi joined Carta in August 2018 after holding top engineering roles at Microsoft and eBay.
  • His departure is the latest of several exits in the C-suite over the past year and a half.
  • Carta was last valued at $1.7 billion, with investors including Andreessen Horowitz, Lightspeed Venture Partners, Tiger Global, and Thrive Capital.
  • Click here for more BI Prime stories.

Carta’s chief technology officer stepped down on Monday after only a little over one year with the fintech startup, according to a company representative.

Japjit Tulsi joined the startup, whose service helps companies manage their equity grants, in August 2018. Before Carta, he was a vice president of engineering at eBay and worked at Google and Microsoft before that. His last day was Monday, though a company spokesperson said Tulsi would stay on in an advisory role until the end of 2019.

The last person to hold the role of chief technology officer at Carta, Eric Hurkman, was an early employee who stayed for four years. He left several months before Tulsi’s hiring in 2018, according to his LinkedIn profile.

Tulsi did not immediately respond to an emailed request for comment.

Carta was last valued at $1.7 billion, with investors including Andreessen Horowitz, Lightspeed Venture Partners, Tiger Global, and Thrive Capital.

Carta has had several departures in the executive suite in the past year and a half. The company’s chief compliance officer, Julius Leiman-Carbia, left after one year in July 2018 to join Wealthfront. Doug Reed, the former chief information-security officer, left Carta after nine months in October 2018.

Carta is also shaking up the way it handles staffing changes. In November, the company announced a policy change that included paying severance to all employees, regardless of whether they quit or are let go by the company, and doing away with legal separation agreements and nondisparagement clauses.

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