# CarmaCare

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/carmacare

- Industry: Insurance
- Headquarters: New York, US
- Website: www.mycarmacare.com
- Total disclosed funding: $4.5M
- Latest round: Seed (Apr 4, 2023)
- Investors on record: 4

## About

Based in New York, US, and founded in 2021, CarmaCare Corp. operates as an insurance firm that protects against vehicle damage or failure by offering vehicle service plans. The company was founded by its CEO, Jamie Ahern, and CBO, Jonathan Palan. In April 2023, CarmaCare Corp. raised USD 4.5 million in seed funding led by Inspired Capital Partners, Revelry, The 81 Collection, and Twelve Below.

CarmaCare provides a subscription-based automotive insurance platform that offers insurance coverage for automobile collisions and parts. The platform also offers various coverages for specific parts of a vehicle, including the bell housing, torque converter, vacuum modulator, oil pan, throttle cable, gaskets, transmission mounts, forks, internal fasteners, solenoids, and many other parts.

The company generates revenue by charging USD 25 per month for its vehicle service plans.

The company plans to use the funds raised in April 2023 to further accelerate its car repair and maintenance services as well as expand its product and technology teams.

## Funding rounds

- Seed, Apr 4, 2023, $4.5M — Inspired Capital, Revelry, Twelve Below, 81 Collection

## Investors

- Inspired Capital (https://capitalatlas.ai/funds/inspired-capital) — Seed
- Revelry (https://capitalatlas.ai/funds/revelry) — Seed
- Twelve Below (https://capitalatlas.ai/funds/twelve-below) — Seed
- 81 Collection (https://capitalatlas.ai/funds/81-collection) — Seed