After receiving significant backing from a $28 million seed round in 2021, digital used car platform Carma has today announced it completed a fresh $75 million Series A funding round led by General Catalyst Partners and Tiger Global.
Boosted by the current demand for secondhand cars in Australia, Sydney-based Carma will use the investment to expand its presence along the eastern seaboard by setting up operations in Melbourne and Brisbane.
The end-to-end digital used car platform offers pre-owned vehicles with integrated financing delivered straight to the customer’s home, assuring the quality of the vehicles through an in-house inspection and reconditioning process.
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