# Parcha Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parcha-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.parcha.ai
- Total disclosed funding: $5M
- Latest round: Seed (Aug 7, 2023)
- Investors on record: 8

## About

Based in California, US, and founded in 2020, Parcha operates as a software development firm that offers an artificial intelligence-based agent platform to automate compliance and operations. The company was Co-founded by AJ Asver (CEO) and Miguel Ríos (CTO). In August 2023, Parcha raised USD 5 million in seed funding led by Initialized Capital, and Kindred Ventures.

The company offers an artificial intelligence-based platform that automates compliance and operations tasks and helps businesses to grow. It automates the analysis and judgment process using autonomous artificial intelligence agents and provides KYB agents which verify business registration, website content, and business ownership against trusted sources like MidDesk. The firm also offers SAR filling agent and a card issuing agent.

## Funding rounds

- Seed, Aug 7, 2023, $5M — Initialized Capital, Propel, Liquid 2 Ventures, Kindred Ventures, Fin Capital, CapitalX, Comma Capital, Popular Impact Fund

## Investors

- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- Propel (https://capitalatlas.ai/funds/propel) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Kindred Ventures (https://capitalatlas.ai/funds/kindred-ventures) — Seed
- Fin Capital (https://capitalatlas.ai/funds/fin-capital) — Seed
- CapitalX (https://capitalatlas.ai/funds/capitalx) — Seed
- Comma Capital (https://capitalatlas.ai/funds/comma-capital) — Seed
- Popular Impact Fund (https://capitalatlas.ai/funds/popular-impact-fund) — Seed