# Karmic Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/karmic-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.karmiclabs.com
- Total disclosed funding: $23M
- Latest round: Series B (Jul 19, 2017)
- Investors on record: 12

## About

Karmic Labs, Inc. develops innovative software solutions to enhance operational efficiencies across various sectors. Their applications improve workflow management and data analysis, serving SMEs and large corporations alike.Founded in 2014, Karmic Labs, Inc. is based in San Francisco, US. The company specializes in software solutions that optimize operational efficiencies. Karmic Labs completed its most recent funding round, Series B, in March 2019, raising USD 17.20 mn led by Arbor Ventures, with participation from Accelerator Ventures, Alsop Louie Partners, Greycroft Partners, LaunchCapital, Marketplace Fund I, and Startup Capital Ventures. The company has engaged in a total of 5 deals, with the latest acquisition of its Dash and select assets by Prepaid Technologies, Inc. in March 2019. The founders, Prasad Kawthekar and Pratyaksh Sharma, have a history of entrepreneurial ventures prior to establishing Karmic Labs.Karmic Labs focuses on developing software solutions to enhance operational efficiencies for businesses. Their core offerings include cloud-based applications that optimize workflow management, facilitate collaboration, and analyze data for insights. These tools cater to a diverse client base, including small and medium-sized enterprises and larger corporations, helping them respond effectively to market demands. Karmic Labs is present in key markets such as North America and Europe, where demand for innovative software solutions is significant.Karmic Labs generates revenue through a subscription-based model for its software offerings, allowing clients to access a comprehensive suite of features. Clients typically enter into annual or monthly subscription agreements, ensuring continuous access to software updates and support. The company also seeks strategic partnerships with other technology providers to enhance its offerings and broaden market reach. Its revenue structure supports both direct-to-consumer and business-to-business transactions, providing flexibility while ensuring a steady revenue stream.Karmic Labs aims to expand its product line with new software solutions and applications designed for enhanced operational efficiency. Specific release dates and details on these upcoming products are yet to be disclosed. The company is also targeting expansion into new geographic regions, specifically in Asia and South America, by the end of 2023, to capture emerging market opportunities. Recent funding from the Series B round will be utilized to support these growth initiatives, strengthen product development, and enhance market penetration.

## Funding rounds

- Series B, Jul 19, 2017, $17M — Startup Capital Ventures, Alsop Louie Partners, Greycroft, LaunchCapital, Accelerator Ventures, Arbor Ventures, Marketplace Fund I
- Series A, Jun 16, 2015, $5M — Greycroft, Correlation Ventures, Accelerator Ventures, Trusted Ventures, Pipeline Capital Partners
- Series A, Jun 9, 2014, $0.8M — Draper, Camp One Ventures

## Investors

- Draper (https://capitalatlas.ai/funds/draper) — Series A
- Camp One Ventures (https://capitalatlas.ai/funds/camp-one-ventures) — Series A
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A, Series B
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- Accelerator Ventures (https://capitalatlas.ai/funds/accelerator-ventures) — Series A, Series B
- Trusted Ventures (https://capitalatlas.ai/funds/trusted-ventures) — Series A
- Pipeline Capital Partners (https://capitalatlas.ai/funds/pipeline-capital-partners) — Series A
- Startup Capital Ventures (https://capitalatlas.ai/funds/startup-capital-ventures) — Series B
- Alsop Louie Partners (https://capitalatlas.ai/funds/alsop-louie-partners) — Series B
- LaunchCapital (https://capitalatlas.ai/funds/launchcapital) — Series B
- Arbor Ventures (https://capitalatlas.ai/funds/arbor-ventures) — Series B
- Marketplace Fund I — Series B