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Karma

karmanow.com

Founded Year

2014

Stage

Series B | Alive

Total Raised

$28M

Last Raised

$25M | 1 yr ago

About Karma

Karma develops online shopping tools that track changing prices on fashion items and automatically finds and applies coupons. It is based in Tel Aviv, Israel. It offers a bookmarklet tool to help consumers save and track products. It also offers browser extensions and iOS and Android apps.

Headquarters Location

Menachem Begin St. 144

Tel Aviv,

Israel

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Research containing Karma

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CB Insights Intelligence Analysts have mentioned Karma in 1 CB Insights research brief, most recently on Oct 18, 2021.

Expert Collections containing Karma

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Karma is included in 3 Expert Collections, including Loyalty & Rewards Tech.

L

Loyalty & Rewards Tech

359 items

Startups allowing global brands and local shops alike to offer tech-enabled loyalty and rewards programs to their customers. This collection includes categories across loyalty software, digital loyalty & rewards, AI-powered loyalty, blockchain-powered loyalty, and more.

A

Artificial Intelligence

9,442 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

D

Digital Health

8,838 items

Startups recreating how healthcare is delivered

Latest Karma News

Karma Raises $25 mln in Series A Funding To Improve The Online Shopping Experience With AI

Oct 15, 2021

Karma Raises $25 mln in Series A Funding To Improve The Online Shopping Experience With AI By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team Karma Raises $25 mln in Series A Funding To Improve The Online Shopping Experience With AI By Juan Fajardo Juan Fajardo has been verified by Muck Rack's editorial team Karma, an AI startup based in Tel Aviv, has raised $25 million in Series A funding to bring its AI Assistance To Million Of Online Shoppers. The funding round, which was co-led by Target Global and Moretech Ventures, brings the total funding raised by the startup to $33.9 million. Existing investors NFX and Altair Capital […] / share Published on October 15, 2021 Karma, an AI startup based in Tel Aviv, has raised $25 million in S eries A funding to bring its AI Assistance To Million Of Online Shoppers. The funding round, which was co-led by Target Global and Moretech Ventures, brings the total funding raised by the startup to $33.9 million. Existing investors NFX and Altair Capital also participated. Shmuel Chafets, General Partner and Vice-Chairman a Target Global, referred to the firm’s participation in the round by saying: “COVID-19 accelerated the e-commerce market by 10 years in just six months. Impressively, more than two billion online shoppers purchased $4.2 trillion of goods or services in 2020. In this massive, fast growing market, we believe Karma can become the market leader in automating the shopping experience. Karma’s browser-based AI shopping assistant elevates the shopping experience for customers tremendously and makes online shopping more efficient and rewarding for them.” Karma was founded with the mission to improve the online shopping experience via its AI-powered platform. By incorporating real-time merchandise data and using AI to analyze it, the platform alerts its users when the lowest available price for an item is met. So far in 2021, Karma has already saved more than $144 million to its more than 3 million users. Jonathan Friedman, Co-Founder and CEO at Karma, said about how the funding will help the startup fulfill its mission: “This funding round will help us continue to enhance our core AI shopping assistant using machine learning to deliver smarter capabilities to our users and extend our “best price guarantee” on many more e-commerce sites. Behind the scenes, we are building the most extensive digital shopping network in the world. This will allow us to capitalize on opportunities in markets adjacent to the online shopping experience.” With more than 2 billion people s hopping online in 2020 and e-retail sales surpassing $4.2 trillion, Karma has experienced fast growth over the years. The startup will be allocating the funds to expand its team, improve its AI and Machine-learning predictive analytics, scale its user base, and disrupt new markets. Tags

Karma Frequently Asked Questions (FAQ)

  • When was Karma founded?

    Karma was founded in 2014.

  • Where is Karma's headquarters?

    Karma's headquarters is located at Menachem Begin St. 144, Tel Aviv.

  • What is Karma's latest funding round?

    Karma's latest funding round is Series B.

  • How much did Karma raise?

    Karma raised a total of $28M.

  • Who are the investors of Karma?

    Investors of Karma include AltaIR Capital, NFX, Target Global and MoreTech Ventures.

  • Who are Karma's competitors?

    Competitors of Karma include RetailMeNot and 5 more.

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