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
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $17.2M
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First Round
First Round
(09 Jun 2014)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2017 | Amount | Series B - Karmic Labs | Valuation |
investors |
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| Jul, 2015 | Amount | Series A - Karmic Labs | Valuation |
investors |
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| Aug, 2014 | Amount | Seed - Karmic Labs | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage technology venture capital firm specializing in risk-oriented investments with a humanist approach.
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Founded Year | Domain | Location | |
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Investments in financial services are made by Arbor Ventures.
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Founded Year | Domain | Location | |
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Multiple sectors are targeted for venture capital investments by Greycroft.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Karmic Labs
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Karmic Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Karmic Labs Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
Employee benefit administration and payment solutions are provided for enterprises.
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| domain | founded_year | HQ Location |
Employee benefits payment cards are provided via an online platform.
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Karmic Labs
Frequently Asked Questions about Karmic Labs
When was Karmic Labs founded?
Karmic Labs was founded in 2014.
Where is Karmic Labs located?
Karmic Labs is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Karmic Labs a funded company?
Karmic Labs is a funded company, having raised a total of $24.9M across 4 funding rounds to date.
What does Karmic Labs do?
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.
Who are the top competitors of Karmic Labs?
Who are Karmic Labs's investors?
Karmic Labs has 8 investors. Key investors include Prepaid Technologies, Alsop Louie Partners, Arbor Ventures, Greycroft, and Marketplace Funds.