Tiger Global doubles down on used car startup Carma $75 million Series A

US venture capital giant has once again backed  online used car platform, Carma in a US$52 million (A$75m) Series A round

General Catalyst Partners led the round. MD Adam Valkin will join the Carma board. The US VC’s other local investments include Canva, BigCommerce and Buildkite

Other international venture investors joining the round include Entrée Capital and Avenir Growth, who have backed online used car portals in Europe and India. Australian investors include Five V Capital and family office Terrace Tower Group.

The Series A follows a $28 million seed round in March 2021 led by Tiger, taking the total raised by Carma in just over 12 months past $100 million.

Read Full Content Here […]

Actionize.com is Available for Purchase. Learn more by clicking the button here:

Get Pricing Info