About Packback
Packback is a company based in Chicago (United States) founded in 2012.. Packback has raised $13.64 million across 10 funding rounds from investors including Wintrust, PSG Equity and Achieve Partners. The company has 111 employees as of December 31, 2023. Packback operates in a competitive market with competitors including Chegg, VitalSource, BookRenter, Campus Book Rentals and CollegeBookRenter, among others.
- Headquarter Chicago, United States
- Employees 111 as on 31 Dec, 2023
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Sectors
EducationMedia & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Packback, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.64 M (USD)
in 10 rounds
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Latest Funding Round
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Investors
Wintrust
& 8 more
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Employee Count
111
as on Dec 31, 2023
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Funding Insights of Packback
Packback has successfully raised a total of $13.64M across 10 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Last Round
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First Round
First Round
(01 Jun 2013)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series B - Packback | Valuation | PSG |
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| Jan, 2019 | Amount | Series A - Packback | Valuation | Achieve Partners | |
| Jan, 2018 | Amount | Series A - Packback | Valuation | Achieve Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Packback
Packback has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Wintrust, PSG Equity and Achieve Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Capital and operational support are provided to growth-stage software companies.
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Founded Year | Domain | Location | |
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Early-stage startups are funded through venture capital investments.
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Founded Year | Domain | Location | |
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Lakewest Venture Partners is engaged in early-stage venture investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Packback
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Packback
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Packback Comparisons
Competitors of Packback
Packback operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Chegg, VitalSource, BookRenter, Campus Book Rentals and CollegeBookRenter, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Rental books and homework help are provided to university students.
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| domain | founded_year | HQ Location |
Online platform offering ebooks and digital learning tools
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| domain | founded_year | HQ Location |
Operates an online service for renting textbooks.
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| domain | founded_year | HQ Location |
Offers college textbook rental services to students for affordable access.
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| domain | founded_year | HQ Location |
Provides textbook rentals and sales at low prices for college students worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Packback
Frequently Asked Questions about Packback
When was Packback founded?
Packback was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Packback located?
Packback is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Packback a funded company?
Packback is a funded company, having raised a total of $13.64M across 10 funding rounds to date. The company's 1st funding round was a Series A of $4.2M, raised on Jun 01, 2013.
How many employees does Packback have?
As of Dec 31, 2023, the latest employee count at Packback is 111.
What does Packback do?
Packback is an online textbook rental platform.Packback has served over 130K students nationwide and is backed by 3M in venture funding from notable investors including Mark Cuban, Howard Tullman, and Mark Tebbe. Packback also provides a price Comparison tool to compare prices from the textbook renters on the web. Packback also operates Packback questions, a social QA platform.
Who are the top competitors of Packback?
Packback's top competitors include Chegg, VitalSource and BookRenter.
Who are Packback's investors?
Packback has 9 investors. Key investors include Wintrust, PSG Equity, Achieve Partners, HPA, and Mark Cuban.
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