That’s Carma: used car startup’s shares stall, falling 7.4% on ASX debut
Online used-car platform Carma slid on its ASX debut after a $70 million IPO; the piece recalls its earlier seed, Series A and convertible note raises and names its backers.
Investor · 1 deal
Every published round Avenir Growth took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Carma | Series A | 20 May 2022 | $75m | Participant | Startup Daily (5 Nov 2025), Startup Daily (15 Oct 2025), Startup Daily (27 Mar 2025), Startup Daily (23 May 2022), Startup Daily (20 May 2022), Startup Daily (12 May 2022) |
Companies Avenir Growth has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Carma | Digital used car retailer | 20 May 2022, Series A | 1 | 0 |
Fund closes reported for Avenir Growth, as distinct from the investments it has made.
Companies Avenir Growth has backed that another company then bought. An exit for the holding, not a deal Avenir Growth did.
Stories naming Avenir Growth. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Online used-car platform Carma slid on its ASX debut after a $70 million IPO; the piece recalls its earlier seed, Series A and convertible note raises and names its backers.
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Carma raised a Series A backed by General Catalyst, Tiger Global and others, following its 2021 seed round, to fund expansion, inventory growth and new reconditioning facilities.
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