That’s Carma: used car startup’s shares stall, falling 7.4% on ASX debut
Online used-car platform Carma slid on its ASX debut after a $70 million IPO; the piece recalls its earlier seed, Series A and convertible note raises and names its backers.
Investor · 2 deals
Every published round Avenir Growth took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
| Company | Stage | Announced | Amount | Role | Alongside | Sources |
|---|---|---|---|---|---|---|
| Carma | Series A | 20 May 2022 | $75m | Participant | Startup Daily (Wed 5 Nov 2025), Startup Daily (Wed 15 Oct 2025), Startup Daily (Thu 27 Mar 2025), Startup Daily (Mon 23 May 2022), Startup Daily (Fri 20 May 2022), Startup Daily (Thu 12 May 2022) | |
| Till Payments | Series C | 23 Nov 2021 | $110m | Participant | Startup Daily (Wed 22 Mar 2023), Startup Daily (Wed 8 Mar 2023), Startup Daily (Fri 28 Jan 2022), Australian FinTech (Fri 28 Jan 2022), Australian FinTech (Tue 23 Nov 2021), Australian FinTech (Thu 30 Sep 2021), Startup Daily (Thu 30 Sep 2021) |
Companies Avenir Growth has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Till Payments | 23 Nov 2021, Series C | 1 | 0 | |
| Carma | 20 May 2022, Series A | 1 | 0 |
Fund closes reported for Avenir Growth, as distinct from the investments it has made.
Companies Avenir Growth has backed that another company then bought. An exit for the holding, not a deal Avenir Growth did.
| Name | Role | Sources |
|---|---|---|
| Jamie Reynolds | Partner | Australian FinTech, Startup Daily |
Stories naming Avenir Growth. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Online used-car platform Carma slid on its ASX debut after a $70 million IPO; the piece recalls its earlier seed, Series A and convertible note raises and names its backers.
Sydney payments company Till Payments secured a $70 million Series D led by Silva Fortune weeks after cutting 120 staff, with new board members joining and a US listing planned.
Also Australian FinTech·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Forbes Australia
Carma raised a Series A backed by General Catalyst, Tiger Global and others, following its 2021 seed round, to fund expansion, inventory growth and new reconditioning facilities.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily
Payments company Till Payments has secured a $110 million Series C from Avenir Growth, Woodson Capital, Akuna Capital and returning backer Regal Funds Management, lifting its total funding to $145 million.
Also Australian FinTech·Startup Daily·Startup Daily·Startup Daily·Australian FinTech·Australian FinTech