myKaarma Receives Major Round of Funding from H.I.G. Growth Partners

LONG BEACH, Calif. – myKaarma announced a major investment partnership with H.I.G. Growth Partners (“H.I.G.”). Founded in 2012, myKaarma is a rapidly growing provider of innovative end-to-end solutions for franchise automotive dealerships and has expanded to over 1,500 dealerships in the United States and Canada.

Founder and CEO, Ujj Nath, said, “We are beyond excited about this partnership with H.I.G. as we continue to expand our reach and serve even more dealerships and vehicle owners with exceptional interactions. H.I.G. 's investment will provide the necessary resources to grow myKaarma’s offerings.”

Evan Karp, a Managing Director with H.I.G. commented, “myKaarma provides unmatched offerings and value to dealerships. Their users are passionate about the communications, video, scheduling, and other solutions that are used in service departments every day. We are excited to partner with myKaarma as they continue along a strong growth trajectory.”

As part of the arrangement Evan Karp and Anish Sheth from H.I.G. will join myKaarma’s Board of Directors.