About Karoo
Karoo is a company based in Etobicoke (Canada) founded in 2024 by Hugo Markland, Oliver Lambson, and Jeanot Dawson.. Karoo has raised $500 thousand across 1 funding round from investors including Y Combinator. Karoo offers products and services including Online Loan Service and Pre-Approval Tool. Karoo operates in a competitive market with competitors including Thinking Capital, IOU Financial, Dynamic Capital, Everyday People Financial and Merchant Growth, among others.
- Headquarter Etobicoke, Canada
- Founders Hugo Markland, Oliver Lambson, Jeanot Dawson
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Sectors
Financial Services
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Phone
*********
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Website
*********
- Legal Name Karoo Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Apr 01, 2025
- Investors
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Employee Count
Employee Count
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Products & Services of Karoo
Karoo offers a comprehensive portfolio of products and services, including Online Loan Service and Pre-Approval Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for quick digital loan applications and approvals
Service for fast loan pre-approvals without hidden fees
Funding Insights of Karoo
Karoo has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in April 2025. 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 1
- Last Round Seed — $500,000
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First Round
First Round
(01 Apr 2025)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Seed - Karoo | 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 Karoo
Karoo has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator. 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 startups are accelerated via funding and educational programs.
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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 Karoo
| 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 - Karoo
| 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 |
Karoo Comparisons
Competitors of Karoo
Karoo 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 Thinking Capital, IOU Financial, Dynamic Capital, Everyday People Financial and Merchant Growth, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Business loans and financing are facilitated via an online platform.
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| domain | founded_year | HQ Location |
Working capital loan provider to small businesses.
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| domain | founded_year | HQ Location |
Dynamic Capital is engaged in equipment financing and leasing solutions.
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| domain | founded_year | HQ Location |
Partnership-based digital banking platform is offered with financial services.
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| domain | founded_year | HQ Location |
Financing solutions are offered to small and medium-sized businesses.
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| domain | founded_year | HQ Location |
Financial services are provided to clients by Propel Holdings.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Frequently Asked Questions about Karoo
When was Karoo founded?
Karoo was founded in 2024 and raised its 1st funding round 1 year after it was founded.
Where is Karoo located?
Karoo is headquartered in Etobicoke, Canada. It is registered at Etobicoke, Ontario, Canada.
Is Karoo a funded company?
Karoo is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Apr 01, 2025.
What does Karoo do?
Karoo was founded in 2024 in Etobicoke, Canada, operating within the fintech sector focused on lending. Solutions for managing loans are provided, aimed at simplifying processes for individuals through a customer-oriented model. Emphasis is placed on transparency and usability in financial services, supporting easier access to finance without unnecessary complexity. The company is led by co-founders Hugo Markland, Oliver Lambson, and Jeanot Dawson.
Who are the top competitors of Karoo?
Karoo's top competitors include Everyday People Financial, Propel Holdings and IOU Financial.
What products or services does Karoo offer?
Karoo offers Online Loan Service and Pre-Approval Tool.
Who are Karoo's investors?
Karoo has 1 investor. Key investors include Y Combinator.
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