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 · 2 deals
Every published round Entrée Capital 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) | |
| OwnHome | Series A | 4 Feb 2022 | $31m | Participant | businesstories.com, Australian FinTech (6 Nov 2023), Australian FinTech (28 Sep 2023), Square Peg Capital (1 Sep 2022), Startup Daily (7 Feb 2022), Startup Daily (4 Feb 2022), Australian FinTech (4 Feb 2022), Afterwork Ventures portfolio, Square Peg Capital (2 Feb 2022), Afterwork Ventures portfolio, Square Peg Capital portfolio |
Companies Entrée Capital has backed in a published round, and companies whose existing shares it bought off another holder.
Fund closes reported for Entrée Capital, as distinct from the investments it has made.
Companies Entrée Capital has backed that another company then bought. An exit for the holding, not a deal Entrée Capital did.
Stories naming Entrée Capital. 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.
Podcast interview with OwnHome co-founder James Bowe covering its deposit-boost lending product, the pivot away from rent-to-buy, and its earlier seed and Series A raises.
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.
Also Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily
Rent-to-own property fintech OwnHome raised a $31 million Series A led by Square Peg, with existing backers participating, after previously winning X15's Xccelerate2020 program and $150,000 in funding.
Also businesstories.com