About Karman
Karman is a venture capital firm founded in 2018. It is primarily based out of Santa Monica, United States. As of May 2025, Karman is an active investor, having invested in 56 companies, with 6 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it led the $2M Seed round of klikit along with Wavemaker Partners. This round also saw participation from Global Founders Capital and other investors.
Overall, Karman portfolio has seen 5 unicorns, 1 IPO and 6 acquisitions including key companies like Lime, Omio and Kyte. A lot of funds co-invest with Karman, with names like FJ Labs sharing a substantial percentage of its portfolio.
Karman has team of 5 people including 3 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Karman's Year-on-Year Investment Trends
Karman has invested in 56 companies over the last 7 years, with an average of 8 new investments annually in the last 5 years. In 2024, it made 7 investments, while as of May 2025, it has made 2 investments in this year. Its most recent first time investment was in CNaught and most recent follow-on round was in Toothio.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 2 | 0 | 2 |
2024 | 6 | 1 | 7 |
2023 | 3 | 1 | 4 |
2022 | 18 | 3 | 21 |
2021 | 10 | 1 | 11 |
2020 | 2 | 1 | 3 |
2019 | 3 | 0 | 3 |
2018 | 1 | 0 | 1 |
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Karman's Investments by Stage
Karman has made 20 investments in Seed stage with an average round size of $5.79M, 19 investments in Series A stage with an average round size of $18.1M, 3 investments in Series B stage with an average round size of $113M and 3 investments in Series C stage with an average round size of $51.7M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 20 |
Series A | 19 |
Series B | 3 |
Series C | 3 |
Karman's Investments by Sector
Karman has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, FinTech and Transportation and Logistics Tech. Notably, it has invested in 49 Tech companies, 33 Enterprise (B2B) companies, 24 Consumer (B2C) companies and at least 24 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 15 |
Consumer | 11 |
High Tech | 10 |
FinTech | 9 |
Transportation and Logistics Tech | 8 |
Others | 70 |
Karman's Investments by Geography
Karman has made most investments in United States (24), followed by India where it has made 4 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 24 |
India | 4 |
Mexico | 4 |
France | 2 |
Singapore | 2 |
Others | 8 |
Karman's recent investments
Here are the most recent investments by Karman:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 07, 2025 | United States | Seed | $4.5M | [+3] | |
Jan 16, 2025 | Bermuda | Seed | $20M | F-Prime Capital [+26] | |
Oct 31, 2024 | United States | Seed | $13M | Khosla Ventures [+4] | |
Oct 30, 2024 | United States | Seed | $5M | [+9] | |
Oct 24, 2024 | - | Seed | $4M | [+2] |
Get the detailed list of all investments by Karman. Download now!Unicorns in Karman's Portfolio
Here is a list of unicorns in Karman's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
47 | Open banking API solution | 2019 | Tel Aviv | Series C | uqxmerd | ||
65 | Online platform offering multi-category grocery products | 2021 | Luxembourg | Series D | xwyuopg | ||
54 | AI-enabled automated checkout software solutions for offline retailers | 2017 | San Francisco | Series C | yvgsync | ||
75 | App-based platform for booking transport services | 2013 | Berlin | Series E | fcf{mqy | ||
83 | App-based rental platform providing self-drive electric kick-scooter | 2017 | San Francisco | Series D | ootjcxe |
IPOs and Publicly Listed companies in Karman's Portfolio
Here are Karman's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 11, 2019 | - | - | - |
Acquired companies in Karman's Portfolio
Here are Karman's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 11, 2025 | Feb 26, 2020 | Series A | $10.2M | |
Oct 16, 2024 | May 30, 2024 | Series A | $21.5M | |
Apr 19, 2023 | - | - | - | |
Oct 11, 2022 | Nov 15, 2019 | Seed | $6.6M | |
Oct 26, 2021 | Oct 31, 2019 | Series C | $42M |
Team profile of Karman
Karman has a team of 5 membersÌýincluding 3 Partners, 1 Venture Partner and 1 PrincipalÌýlocated in United States and United Kingdom. Karman's team does not sit on the board of any company as of now.Here is a list of all team members in Karman:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Austin | - | ||
Partner | Los Angeles | - | ||
Partner | United Kingdom | - | ||
Venture Partner | New York City | - | - | |
Principal | United States | - | - |
Get the full list of Karman's team & partners for free. Download now!Co-investors of Karman
Over the past 7 years, 590 investors have co-invested in Karman's portfolio companies.
- Invested before Karman:Ìý, Greycroft and 118 others have invested in rounds before Karman. There are 4 companies where Y Combinator has invested before Karman and 2 companies where Greycroft has invested before Karman.
- Top Co-investors of Karman:Ìý285 investors entered a company along with Karman. These include investors like FJ Labs (6 companies).
- Invested after Karman:ÌýA total of 185 investors have invested in Karman's portfolio after their investments. Top Investors include Harmony Partners (2 companies), Waterfall (1 company) and Barclays (1 company).
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4M+ Companies- 212K+ Investors
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