# Parrable

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parrable

- Industry: Software
- Headquarters: Ann Arbor, US
- Website: www.parrable.com
- Total disclosed funding: $4M
- Latest round: Series A (Jun 29, 2016)
- Investors on record: 7

## About

Parrable, Inc. specializes in innovative solutions that tackle industry-specific challenges, enhancing operational efficiency and service delivery in both B2B and B2C markets.Parrable, Inc. was founded in 2010 in Ann Arbor, US, focusing on providing technology solutions. The company has made six deals to date, with the most recent funding occurring on March 9, 2022, where it raised USD 8.00 mn from investors including Legendary Ventures. The CEO and co-founder is Carla Holtze, who has been involved in various entrepreneurial ventures prior to Parrable.The company’s primary offerings revolve around innovative solutions tailored to address specific industry challenges. These products enhance operational efficiency and improve service delivery across diverse sectors. Catering to both B2B and B2C markets, Parrable’s client base includes small businesses, large enterprises, and individual consumers. The company’s products are positioned in multiple geographical markets including North America, Europe, and Asia-Pacific, continually updated to meet evolving customer demands.Parrable's revenue model encompasses multiple transaction formats, primarily through direct-to-consumer sales and B2B partnerships. Clients engage with the company via subscription plans or one-time purchases of flagship products, ensuring long-term value. Organizations often choose annual subscriptions for comprehensive access to the suite of services offered, which guarantees ongoing support and updates. While specific pricing structures are proprietary, the focus on delivering high-quality solutions fosters consistent revenue streams from both individual consumers and corporate clients.In March 2022, Parrable, Inc. raised USD 8.00 mn in funding from returning investor Legendary Ventures, which will be used to drive strategic growth initiatives. The company plans to focus on the design and launch of new products aimed at enhancing its service offerings. Additionally, Parrable is targeting expansion into new geographical markets, although specific regions have yet to be disclosed. This funding will facilitate the development and marketing of these upcoming products while supporting entry into new markets.

## Funding rounds

- Series A, Jun 29, 2016, $2.5M — Band of Angels, Dallas Venture Partners, Angel Ventures, Moneta Ventures, Silicon Valley Growth Syndicate
- Series A, Mar 31, 2015, $0.5M — Angel Ventures
- Angel, Oct 1, 2012, $1M — Angel Venture Partners, Social Starts

## Investors

- Angel Venture Partners (https://capitalatlas.ai/funds/angel-venture-partners) — Angel
- Social Starts (https://capitalatlas.ai/funds/social-starts) — Angel
- Angel Ventures (https://capitalatlas.ai/funds/angel-ventures) — Series A
- Band of Angels (https://capitalatlas.ai/funds/band-of-angels) — Series A
- Dallas Venture Partners (https://capitalatlas.ai/funds/dallas-venture-partners) — Series A
- Moneta Ventures (https://capitalatlas.ai/funds/moneta-ventures) — Series A
- Silicon Valley Growth Syndicate — Series A