What is Carma?
CARMA operates as a charitable 501(c)(3) organization, focusing its efforts on funding the rehabilitation, retraining, and retirement of Thoroughbred horses that have competed in California. Through its Placement Program, CARMA facilitates the transition of retired racehorses into new careers as equestrian mounts, therapeutic animals, and companions. Since its inception, the organization has been instrumental in granting over $6.3 million to non-profits committed to racehorse aftercare, successfully aiding more than 4,500 horses in finding suitable new homes. CARMA actively works to elevate awareness and garner support for retired racehorses through various fundraising initiatives and events.
How much funding has Carma raised?
Carma has raised a total of $27K across 1 funding round:
Debt
$27K
Debt (2021): $27K with participation from PPP
Key Investors in Carma
PPP
Public-Private Partnership
What's next for Carma?
With significant capital infusion at a Series B/C stage, CARMA is poised for strategic growth. The recent funding is expected to fuel the expansion of its rehabilitation and retraining programs, potentially increasing the number of horses it can support annually. Furthermore, the organization may leverage this capital to enhance its Placement Program, broadening its network of adopters and ensuring more retired Thoroughbreds find fulfilling second careers. Continued fundraising efforts will likely focus on building a sustainable endowment to ensure long-term operational stability and the continued well-being of California's racing Thoroughbreds.
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