About Parade
Parade is a company based in Los Angeles (United States) founded in 2015 by Tony Wu, Preet Sivia, and Anthony Sutardja. It operates as a SaaS (Software-as-a-Service), and AI-as-a-Service. Parade has raised $29.7 million across 2 funding rounds from investors including I Squared Capital, Ubiquoss and Menlo Ventures. Parade offers products and services including CoDriver, Capacity, and Advantage. Parade operates in a competitive market with competitors including The Routing Company, Fleet Advantage, Integrated Reasoning, RTA Fleet Management Software and Elevat, among others.
- Headquarter Los Angeles, United States
- Founders Tony Wu, Preet Sivia, Anthony Sutardja
-
Sectors
Transportation, Automotive & LogisticsTechnology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$29.7 M (USD)
in 2 rounds
-
Latest Funding Round
$17 M (USD), Series B
Sep 14, 2023
-
Investors
I Squared Capital
& 14 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Parade
Parade offers a comprehensive portfolio of products and services, including CoDriver, Capacity, and Advantage. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI tool for carrier communication and data syncing.
Platform for carrier sourcing and booking efficiency.
Pricing solution using historical data for quotes.
Unlock access to complete
Unlock access to complete
Funding Insights of Parade
Parade has successfully raised a total of $29.7M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $17 million completed in September 2023. 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 2
- Last Round Series B — $17.0M
-
First Round
First Round
(09 Feb 2022)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Series B - Parade | Valuation | I Squared Capital | |
| Feb, 2022 | Amount | Series A - Parade | Valuation | Menlo Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parade
Parade has secured backing from 15 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include I Squared Capital, Ubiquoss and Menlo Ventures. 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 |
|---|---|---|---|---|
|
Early-stage venture capital firm investing in AI, healthcare, and tech sectors.
|
Founded Year | Domain | Location | |
|
A private investment firm focused on real estate and capital.
|
Founded Year | Domain | Location | |
|
Jones Capital is engaged in private equity investments for businesses.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Parade
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Parade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parade Comparisons
Competitors of Parade
Parade 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 The Routing Company, Fleet Advantage, Integrated Reasoning, RTA Fleet Management Software and Elevat, 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 |
Routing and management solutions are provided for public transit operators.
|
|
| domain | founded_year | HQ Location |
Fleet management solutions and services are provided to commercial fleets.
|
|
| domain | founded_year | HQ Location |
Freight optimization solutions are integrated for logistics management.
|
|
| domain | founded_year | HQ Location |
Fleet management software is provided for asset tracking and maintenance.
|
|
| domain | founded_year | HQ Location |
Connected assets are managed via a cloud-based IoT platform.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Parade
Frequently Asked Questions about Parade
When was Parade founded?
Parade was founded in 2015 and raised its 1st funding round 7 years after it was founded.
Where is Parade located?
Parade is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Parade?
Anthony Sutardja is the current CEO of Parade. They have also founded this company.
Is Parade a funded company?
Parade is a funded company, having raised a total of $29.7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $12.7M, raised on Feb 09, 2022.
What does Parade do?
Parade is engaged in providing capacity management solutions for freight brokerages and 3PLs. The company operates in the logistics and transportation sector, offering AI-driven tools like CoDriver for carrier communication and data integration. Solutions such as Capacity and Advantage are designed to optimize carrier sourcing, automate bookings, and enhance pricing strategies. Parades platform supports seamless integration with existing tech stacks, aiming to improve efficiency and scalability for freight operations.
Who are the top competitors of Parade?
Parade's top competitors include The Routing Company, Fleet Advantage and Elevat.
What products or services does Parade offer?
Parade offers CoDriver, Capacity, and Advantage.
Who are Parade's investors?
Parade has 15 investors. Key investors include I Squared Capital, Ubiquoss, Menlo Ventures, Greenhawk, and Jones Capital.