Paro
Latest round
- Series C
Last raised
- Jun 2023
Total raised
- $65M
Investors
- 8
About Paro
Paro, Inc.Paro, Inc. was founded in 2015 and is headquartered in Chicago, US. The company provides professional business finance and accounting services.825 mn.Paro offers a comprehensive suite of professional business finance and accounting solutions designed to meet the diverse needs of businesses and accounting firms. Their core services include accounting, bookkeeping, fractional CFO services, financial planning and analysis, and tax compliance, all aimed at optimizing financial processes and strategies for their clients. By leveraging advanced technology and AI-driven tools, Paro facilitates seamless integration of finance functions, enabling clients to gain valuable insights, streamline operations, and enhance decision-making capabilities. Their services cater to a wide range of industries including startups, CPA firms, and established businesses across various geographical markets, including the United States and Canada.Paro generates revenue primarily through a subscription-based model, providing clients with on-demand access to a network of finance professionals. Clients engage with Paro for various services, including bookkeeping, tax preparation, and strategic financial consulting, which are billed based on specific engagement terms and project scopes. This transactional structure allows for flexibility in pricing, enabling clients to select services tailored to their unique financial needs. Paro's emphasis on forming long-term partnerships with clients further supports recurring revenue streams, driven by their commitment to enhancing client operations and fostering loyalty. The company aims to introduce new products aimed at optimizing financial processes by the end of 2023. Additionally, Paro plans to expand into new markets, specifically targeting regions within North America and Europe, with efforts to establish a presence by mid-2024. These initiatives are designed to support Paro's growth strategy and enhance its service offerings.
Who invested in Paro
8 investors across 5 rounds
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Questions about Paro
Who invested in Paro?
Paro has 8 investors on record across 5 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Paro raised?
Paro has raised 5 venture rounds. Sign up free to see how much each round raised and the total.
When did Paro last raise money?
Paro's most recent round on record is a Series C, in Jun 2023.
What does Paro do?
Paro is a software company.
Where is Paro headquartered?
Paro is headquartered in Chicago, US.
Which VCs invest in companies like Paro?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Paro's stage. Their profiles are linked below.
VCs backing software startups at Series C
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