Carma Technology Corporation
Latest round
- Series B
Last raised
- Dec 2018
Total raised
- $7.6M
Investors
- 1
About Carma Technology Corporation
Founded in 2007 in Austin, US, Carma Technology Corporation develops technology for road pricing solutions. The company has completed a total of 17 deals.GoCarma's primary offerings center around a smartphone-based road pricing solution designed to enhance efficiency in transportation management. The core product, the GoCarma app, allows users to price roads in real time, eliminating the need for traditional toll tags or onboard units (OBUs). This app is engineered to provide seamless interoperability across various regions, automatically verifying vehicles at toll facilities. GoCarma's services are employed by transportation agencies to address challenges such as traffic congestion and high-occupancy vehicle (HOV) monitoring.S.GoCarma's revenue model is structured around transactions facilitated by its app, primarily focusing on B2B partnerships with transportation agencies and direct service offerings to consumers. Revenue is generated through user transactions that occur as drivers engage with the app for road pricing and HOV verification services.18 per verification, ensuring affordability for agencies while facilitating a smooth user experience. Pricing structures may involve agreements where participating agencies pay for the service based on the volume of verifications processed, while users benefit from discounts offered through the app. They intend to enhance the GoCarma app with new features designed to improve user experience and broaden its application in various regions.S. and potentially into international markets, with specific targets to be determined as they strategize their growth initiatives.
Who invested in Carma Technology Corporation
1 investor across 3 rounds
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Questions about Carma Technology Corporation
Who invested in Carma Technology Corporation?
Carma Technology Corporation has 1 investor on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Carma Technology Corporation raised?
Carma Technology Corporation has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Carma Technology Corporation last raise money?
Carma Technology Corporation's most recent round on record is a Series B, in Dec 2018.
What does Carma Technology Corporation do?
Founded in 2007 in Austin, US, Carma Technology Corporation develops technology for road pricing solutions.
Where is Carma Technology Corporation headquartered?
Carma Technology Corporation is headquartered in Austin, US.
Which VCs invest in companies like Carma Technology Corporation?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back retail companies at Carma Technology Corporation's stage. Their profiles are linked below.
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