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Recently Funded|Amount: USD 30.0M|Industry: Technology, Information and Internet

Carma Accelerates Ahead: Secures $30M to Revolutionize Digital Car Buying in Australia

Carma

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51-200 employees employees (Est.)
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Carma is excited to announce a groundbreaking milestone in the evolution of car buying made easy. The fully digital used car dealership, based in Sydney, Australia, has successfully raised $30,000,000 in its latest funding round. This significant infusion of capital is set to accelerate our mission of transforming the pre-owned vehicle market by making the car buying process as seamless and transparent as possible. At Carma, our commitment to quality and customer satisfaction is at the heart of everything we do. We offer a large range of meticulously selected, quality pre-owned vehicles at fixed prices, all delivered directly to customers' homes. Every car undergoes an in-house inspection and reconditioning process, backed by warranties and a unique 7-day no-questions-asked returns policy, ensuring that our customers drive away with total confidence. The streamlined online checkout process takes less than 10 minutes, including integrated, instantly approved financing, designed to simplify life for today's busy consumers. This latest round of funding will be used to further develop our innovative technology infrastructure and expand our state-of-the-art test facility. It will also support our ambitious team as we enhance our extensive suite of digital tools and first-class customer service initiatives, reinforcing Carma's position as a leader in the digital automotive retail space. We are fully committed to continuing our journey toward revolutionizing car purchasing, making it not only hassle-free but also reassuring and enjoyable for customers everywhere. With this new investment, Carma is set to drive into an exciting future where the road to owning a quality pre-owned vehicle is just a few clicks away.
April 5, 2025

Buying Signals & Intent

Our AI suggests Carma may be interested in solutions related to:

  • Used Cars
  • Car Financing
  • Car Insurance
  • Automotive Accessories
  • Roadside Assistance

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