Karma

Company Overview

Snapshot

Founded in September 2013 by Jonathan Friedman and Ronen Yuval - Hoch, Karma operates with 201–500 employees. The company has raised a total of $26.2 million across three funding rounds from nine investors. In October 2021, Karma secured Series A funding, led by Target Global.

Business overview

Karma develops an all-in-one smart online shopping assistant, available as a browser extension and mobile app. The platform enables users to save items from various retail sites, receive sale notifications, access coupon codes at checkout, and earn cashback. Karma operates within the e-Commerce Tools sector, serving consumers with solutions that enhance the online shopping experience through features like price comparison and artificial intelligence.

Strategic signal

In October 2021, Karma raised $25 million in Series A funding led by Target Global. This significant capital injection validates investor confidence in Karma's AI-powered shopping assistant model and its potential to further disrupt the e-commerce landscape by enhancing consumer purchasing power and convenience. The funding positions Karma for accelerated growth and wider market adoption of its platform.

Company Intelligence Q&A

When was Karma founded?

Karma was founded in September 2013.

Who are the founders of Karma?

Karma was founded by Jonathan Friedman and Ronen Yuval - Hoch.

What is Karma's primary business?

Karma provides an all-in-one smart online shopping assistant that helps users save time and money by tracking items, providing sale notifications, offering coupon codes, and enabling cashback.

What was a significant funding event for Karma?

In October 2021, Karma raised $25 million in Series A funding. The round was led by Target Global and included participation from Skywell Capital Partners.

What is the total capital raised by Karma?

Karma has raised a total of $26.2 million across three funding rounds.