About Karman
Karman is a venture capital firm founded in 2018. It is primarily based out of Santa Monica, United States. As of Jul 2026, Karman is an active investor, having invested in 78 companies, with 7 new investments in the last 12 months. It primarily invests in Seed 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 participated in the $***** Series A round of Henry AI Overall, Karman portfolio has seen 6 unicorns, 2 IPOs and 8 acquisitions including key companies like Lime, Omio and Superhuman. 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 Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 2 more
Portfolio Acquisitions
Portfolio Unicorns
Deals in last 12 months
Karman's List of Top Investments
Karman has a portfolio of 78 companies, including 6 unicorns. Their most notable investments are in Vested Finance and Glue.Their portfolio spans across United States, India, Mexico and 10 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 26 other sectors, across stages such as Seed, Series A and 2 more. Here is the list of top investments by Karman:1. Lime
App-based rental platform providing self-drive electric kick-scooter. The platform enables users to find the nearest available scooter and start the ride by scanning their QR code or access code. Users should provide rider details, payment details, location, and more for book the scooter. It offers features like variant payment options, and more. At the end of the ride, users can park the vehicle at their legal locations. Their mobile app is available for Android and iOS devices
Key facts about Lime
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $1.71B
- Employee Count: 2,726 as on Jun 30, 2026
- Investors: Meritech, Star Tech NG and 98 Others
- Latest Funding Round: Series D, Jul 04, 2022, $*****
- Highlight: Public
2. Omio
App-based platform for booking transport services. Users can search & compare different train, bus, and flight routes available between the two destinations & book train, bus & flight tickets (including that of public transport) from multiple partner operators after providing relevant details. Also provides information on accommodation booking. Its mobile app is available for iOS and Android devices.
Key facts about Omio
- Founded Year: 2013
- Location: Berlin (Germany)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $486M
- Employee Count: 442 as on Jun 30, 2026
- Investors: New Enterprise Associates, Silver Lake and 37 Others
- Latest Funding Round: Series E, Jul 22, 2026, $*****
- Highlight: Editors' Pick
3. Superhuman
Provider of an AI-powered email scheduling app. It offers a browser extension that enables users to start up, search and send mail. It has undone send features, artificial intelligence to detect and highlight important emails, read status, mail scheduling and follow up.
Key facts about Superhuman
- Founded Year: 2014
- Location: San Francisco (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $118M
- Employee Count: 168 as on Jun 30, 2026
- Investors: HT Ventures, Hone Capital and 42 Others
- Latest Funding Round: Series C, Aug 04, 2021, $*****
- Highlight: Acquired
Online trading and investment platform. The platform facilitates access to various investment options, including stocks, exchange-traded funds, and alternative assets. It offers tools for portfolio construction, analysis, and management. The platform also provides educational resources and customer support to assist investors.
Key facts about Vested Finance
- Founded Year: 2015
- Location: El Segundo (United States)
- Annual Revenue: 0 - ₹10 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $25.8M
- Employee Count: 69 as on Jun 30, 2025
- Investors: Star Tech NG, Karman and 148 Others
- Latest Funding Round: Series A, Jul 02, 2025, $*****
- Highlight: Editors' Pick
5. Angel List
Provider of fund management software and services for venture capital. It offers tools for raising capital, deal closing, and portfolio management. The company delivers solutions for special purpose vehicles and scout programs. Digital subscription services replace paperwork with flexible workflows. Full-service offerings remove friction from fund management for venture funds and syndicates.
Key facts about Angel List
- Founded Year: 2010
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $100M
- Employee Count: 523 as on Jan 31, 2026
- Investors: Maven Ventures, Tiger Global Management and 34 Others
- Latest Funding Round: Series B, Mar 09, 2022, $*****
- Highlight: Editors' Pick
Karman's Year-on-Year Investment Trends
Karman has invested in 78 companies over the last 8 years, with an average of 10 new investments annually in the last 5 years. In 2025, it made 13 investments, while as of Jul 2026, it has made 3 investments in this year. Its most recent first time investment was in Henry AI and most recent follow-on round was in Toothio.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 13 | 0 | 13 |
2024 | 9 | 1 | 10 |
2023 | 3 | 1 | 4 |
2022 | 18 | 3 | 21 |
2021 | 10 | 1 | 11 |
2020 | 3 | 1 | 4 |
2019 | 3 | 0 | 3 |
2018 | 1 | 0 | 1 |
Karman's Investments by Stage
Karman has made 35 investments in Seed stage with an average round size of $5.71M, 22 investments in Series A stage with an average round size of $17.7M, 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.Stage of entry | No. of Investments |
|---|---|
Seed | 35 |
Series A | 22 |
Series B | 3 |
Series C | 3 |
Note: We have considered here, only first round of investments
Karman's Investments by Sector
Karman has a diverse portfolio, with companies operating in the Enterprise Applications, High Tech, Consumer, FinTech and Transportation and Logistics Tech. Notably, it has invested in 69 Tech companies, 47 Enterprise (B2B) companies, 40 Software companies and at least 28 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 29 |
High Tech | 13 |
Consumer | 12 |
FinTech | 10 |
Transportation and Logistics Tech | 8 |
Others | 85 |
Note: We have considered here, only first round of investments
Karman's Investments by Geography
Karman has made most investments in United States (41), followed by India where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 41 |
India | 5 |
Mexico | 4 |
France | 2 |
Singapore | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
Karman's recent investments
Karman has made 3 investments in 2026 so far. Henry AI and Bluecore Energy are the latest among them.Here are the most recent investments by Karman:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 30, 2026 | United States | Series A | 7313 | [+8] | |
Jul 21, 2026 | United States | Seed | 9534 | [+11] | |
Feb 09, 2026 | United States | Seed | 1639 | [+16] | |
Dec 02, 2025 | United Kingdom | Seed | 6235 | [+2] | |
Nov 14, 2025 | United States | Series A | 5668 | [+4] |
Unicorns in Karman's Portfolio
Karman has 6 unicorns in its portfolio - Unit, Angel List, JOKR and others. The most recent unicorn in their portfolio is Unit. It became a unicorn in 2022.Here is a list of unicorns in Karman's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
53 | Open banking API solution | 2019 | Tel Aviv | Series C | {lmywi{ | ||
75 | Provider of fund management software and services for venture capital | 2010 | San Francisco | Series B | dbozdnm | ||
56 | Online platform offering multi-category grocery products | 2021 | Luxembourg | Series D | dlq{kha | ||
62 | Provider of an online pharmacy for delivering medicines | 2015 | New York City | Series D | skketxr | ||
60 | Platform offering AI-enabled automated checkout software solutions for offline retailers | 2017 | San Francisco | Series C | sxctqlr |
IPOs and Publicly Listed companies in Karman's Portfolio
2 of Karman's portfolio companies have become public. Lime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2026 at marketcap of $1.6B and Voyager got listed on the Toronto Stock Exchange - Venture Exchange (TSX-V).Here are Karman's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 01, 2026 | - | - | 5720 | |
Feb 11, 2019 | - | - | 1942 |
Acquired companies in Karman's Portfolio
8 companies from Karman's portfolio have been acquired. The most recent acquisition was Teamraderie in Apr 2026 by ExecOnline for $*****.Here are Karman's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 15, 2026 | Nov 08, 2022 | Series A | 2923 | |
Jul 01, 2025 | - | - | 6556 | |
Mar 11, 2025 | Feb 26, 2020 | Series A | 8139 | |
Oct 16, 2024 | May 30, 2024 | Series A | 8369 | |
Apr 19, 2023 | - | - | 8556 |
Team profile of Karman
Karman has a team of 5 members including 3 Partners, 1 Venture Partner and 1 Principal located 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 | United Kingdom | - | - | |
Partner | Austin | - | ||
Partner | United Kingdom | - | ||
Venture Partner | New York City | - | - | |
Principal | United States | - | - |
Co-investors of Karman
Over the past 8 years, 855 investors have co-invested in Karman's portfolio companies. This includes funds and angels.
- Invested before Karman: Y Combinator, Sequoia Capital and 266 others have invested in rounds before Karman. There are 9 companies where Y Combinator has invested before Karman and 2 companies where Sequoia Capital has invested before Karman.
- Top Co-investors of Karman: 394 investors entered a company along with Karman. These include investors like FJ Labs (6 companies).
- Invested after Karman: A total of 193 investors have invested in Karman's portfolio after their investments. Top Investors include Harmony Partners (2 companies), True Equity (2 companies) and Headline (2 companies).
Recent News related to Karman
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Valerie Health Secures $30M Series A for AI Front Office in Independent Provider GroupsBakersfield•Dec 17, 2025•Redpoint Ventures, Valerie Health, .406 Ventures, Karman and 4 others
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AI testing startup Momentic raises $15M in Series A led by Standard Capital with Dropbox Ventures participation.TechCrunch+•Nov 24, 2025•Notion, Momentic, Dropbox, Karman and 3 others
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Credit risk automation platform Kaaj raises $3.8M seed from Kindred VenturesStartupNews•Nov 19, 2025•Kaaj.ai, Kindred Ventures, Better Tomorrow Ventures, Karman and 17 others
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$6.5 million for the development of underwater drones. UA1 invested in Y Combinator alumni AlbacoreAin•Oct 17, 2025•Albacore, Karman, Outlander VC, Alumni Ventures and 5 others
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Refold AI raises USD $6.5m to automate enterprise API tasksTechDay•Aug 13, 2025•Karman, Ahead VC, Z21 Ventures, Better Capital and 7 others
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Orbital Operations Raises $8.8M in Seed FundingFinSMEs•Aug 07, 2025•DTX Ventures, Orbital Operations, Karman, TRAC and 3 others
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Collate Raises $10M Series A to Solve Data Intelligence Challengesintelligence360•Aug 04, 2025•Karman, Collate, Unusual Ventures, Venrock
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Jarsy Launches Platform to Democratize Access to Investing in Private Companies with $5M Fundingintelligence360•Jul 01, 2025•Jarsy, Breyer Capital, Karman, MoonPay and 3 others
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Neuron Factory Secures $6M Seed Funding and Partners with Cordeel GroupFinSMEs•May 27, 2025•Neuron Factory, Activant Capital, Colle Capital, Karman and 1 other
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Coworker.ai Secures $13M Seed Funding for AI AgentAiThority•May 20, 2025•Coworker Ai, Soma Capital, Focal, Karman
