Karbon Card raises $15 mn from Olive Tree, Harmony, Avenir and others

Existing investors Ramp, Mercury and Orios Venture Partners also participated in current round, which has taken the total amount raised by Karbon to about $32 million

Karbon Card (Karbon), a leading fintech offering corporate cards, has raised yet another funding of $15 million in a Series A led by Olive Tree Capital, Harmony and AvenirGrowth Capital with a vision to become India’s firstNeobank designed especially for the corporates.

Existing investors Ramp, Mercury and Orios Venture Partners also participated in the current round.

The new round of funding comes in less than four months of the company raising a Pre-Series A of $12 million in September last year. With the current round, the total funding raised by Karbon stands at around $32 million.

The startup, which counts Y Combinator as