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.
Family office · 1 deal
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Every published round Terrace Tower Group 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 Terrace Tower Group 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 Terrace Tower Group, as distinct from the investments it has made.
Companies Terrace Tower Group has backed that another company then bought. An exit for the holding, not a deal Terrace Tower Group did.
Stories naming Terrace Tower Group. 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.
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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