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.