About Karmic Labs
Karmic Labs is a company based in San Francisco (United States) founded in 2014 was acquired by Prepaid Technologies in March 2019. Karmic Labs has raised $24.9 million across 4 funding rounds from investors including Prepaid Technologies, Alsop Louie Partners and Arbor Ventures. Karmic Labs operates in a competitive market with competitors including Ramp, Brex, Navan, Wright Express and Sodexo, among others.
- Headquarter San Francisco, United States
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Sectors
Travel & HospitalityTechnology Financial Services
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Email
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Phone
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Website
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Social
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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
$24.9 M (USD)
in 4 rounds
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Latest Funding Round
$17.2 M (USD), Series B
Jul 19, 2017
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Investors
Prepaid Technologies
& 7 more
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Employee Count
Not available
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Acquired by
Prepaid Technologies
(Mar 01, 2019)
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Funding Insights of Karmic Labs
Karmic Labs has successfully raised a total of $24.9M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $17.2 million completed in July 2017. 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.
Investors in Karmic Labs
Karmic Labs has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include Prepaid Technologies, Alsop Louie Partners and Arbor Ventures.
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Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach.
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Investments in financial services are made by Arbor Ventures.
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Investor details for Karmic Labs
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Investments & Acquisitions by Karmic Labs
Investment portfolio details for Karmic Labs
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Financial Statements - Karmic Labs
Detailed financials for Karmic Labs
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Karmic Labs Comparisons
Peer comparison for Karmic Labs
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Competitors of Karmic Labs
Karmic Labs 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 Ramp, Brex, Navan, Wright Express and Sodexo, among others.
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Spend management and accounts payable solutions are delivered to businesses.
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SaaS-driven credit card and spend management solutions platform for businesses
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Corporate travel and expense management are facilitated through SaaS platform.
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Employee benefit administration and payment solutions are provided for enterprises.
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Employee benefits payment cards are provided via an online platform.
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Corporate travel expenses and invoices are managed via SaaS platform.
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Detailed competitors of Karmic Labs
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Latest news on Karmic Labs
Complete news archive for Karmic Labs
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Frequently Asked Questions about Karmic Labs
Karmic Labs was founded in 2014.
Karmic Labs is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Karmic Labs is a funded company, having raised a total of $24.9M across 4 funding rounds to date.
Cloud-driven spend management solution expense card for businesses. It offers Dash that allows employees to request funds for business-related expenses from their employers receive the cash instantly. Business owners can control the various features of the expense cards including expense approval, spending allowances, funds management in real-time, set-up recurring billing, and the ability to pause or suspend usage. The card spending is linked directly to allocated budgets. The employee expense cards are connected with a mobile app that can handle expense reporting at the POS and has the ability to request spending limit changes in real-time.
Karmic Labs has 8 investors. Key investors include Prepaid Technologies, Alsop Louie Partners, Arbor Ventures, Greycroft, and Marketplace Funds.