About Carmatic
Carmatic is a company based in Nassau (United States) founded in 2018 by Josh Aaronson and Marcello Sciarrino. Carmatic has raised $3.48 million across 2 funding rounds. The company has 11 employees as of December 31, 2022. Carmatic offers products and services including Payment API and Payment Intelligence. Carmatic operates in a competitive market with competitors including AutoNation, BacklotCars, Xcite Automotive, Signal Automotive and Larry H. Miller Dealerships, among others.
- Headquarter Nassau, United States
- Employees 11 as on 31 Dec, 2022
- Founders Josh Aaronson, Marcello Sciarrino
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Carmatic, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$3.48 M (USD)
in 2 rounds
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Latest Funding Round
$1.98 M (USD), Series A
Jun 10, 2024
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Investors
Not available
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Employee Count
11
as on Dec 31, 2022
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Products & Services of Carmatic
Carmatic offers a comprehensive portfolio of products and services, including Payment API and Payment Intelligence.
API for calculating vehicle payments and integrating financial data.
Tool for handling incentives, taxes, and fees in automotive transactions.
Funding Insights of Carmatic
Carmatic has successfully raised a total of $3.48M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $1.98 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investments & Acquisitions by Carmatic
Investment portfolio details for Carmatic
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Financial Statements - Carmatic
Detailed financials for Carmatic
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Carmatic Comparisons
Peer comparison for Carmatic
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Competitors of Carmatic
Carmatic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AutoNation, BacklotCars, Xcite Automotive, Signal Automotive and Larry H. Miller Dealerships, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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New and used vehicles are offered online by AutoNation.
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B2B new car marketplace platform
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Provider of a suite of management solutions for automotive dealerships
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Dealer of cars
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Online dealer of new vehicles
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New and used cars are purchased via an online platform.
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Detailed competitors of Carmatic
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Latest news on Carmatic
Complete news archive for Carmatic
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Frequently Asked Questions about Carmatic
Carmatic was founded in 2018 and raised its 1st funding round 5 years after it was founded.
Carmatic is headquartered in Nassau, United States. It is registered at Nassau, New York, United States.
Carmatic is a funded company, having raised a total of $3.48M across 2 funding rounds to date.
As of Dec 31, 2022, the latest employee count at Carmatic is 11.
Carmatic was founded in 2018 in Nassau, United States, by Marcello Sciarrino and Josh Aaronson as co-founders. The company functions as an online dealer in the automotive sector, where new vehicles are offered through a digital platform. Operations involve facilitating purchases and related services for customers primarily in the United States, with a focus on streamlined online transactions.
Carmatic's top competitors include AutoNation, BacklotCars and Larry H. Miller Dealerships.
Carmatic offers Payment API and Payment Intelligence.