About Parasut
Parasut is a company based in Istanbul (Turkey) founded in 2013 was acquired by Turkven in May 2019.. Parasut has raised $3.99 million across 3 funding rounds from investors including Ribbit Capital, Diffusion Capital Partners and Revo Capital. Parasut offers products and services including Paraşüt Software, e-Fatura Service, and Bank Integration. Parasut operates in a competitive market with competitors including Model N, HighRadius, Nomba, Apttus and Xifin, among others.
- Headquarter Istanbul, Turkey
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.99 M (USD)
in 3 rounds
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Latest Funding Round
$2 M (USD), Series B
Oct 24, 2016
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Investors
Ribbit Capital
& 4 more
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Employee Count
Employee Count
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Acquired by
Turkven
(May 29, 2019)
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Products & Services of Parasut
Parasut offers a comprehensive portfolio of products and services, including Paraşüt Software, e-Fatura Service, and Bank Integration. 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.
Cloud-based tool for managing finances and e-invoices.
Electronic invoicing solution for business compliance.
Integration for tracking transactions and cash flow.
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Funding Insights of Parasut
Parasut has successfully raised a total of $3.99M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $2 million completed in October 2016. 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 3
- Last Round Series B — $2.0M
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First Round
First Round
(25 Feb 2015)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2016 | Amount | Series B - Parasut | Valuation |
investors |
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| Apr, 2015 | Amount | Series A - Parasut | Valuation |
investors |
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| Feb, 2015 | Amount | Series A - Parasut | Valuation |
investors |
| 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 Parasut
Parasut has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Ribbit Capital, Diffusion Capital Partners and Revo Capital. 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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Founded Year | Domain | Location | |
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Investments are directed by Revo Capital toward Turkey-based startups.
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Founded Year | Domain | Location | |
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Early-stage companies in fintech and multiple sectors are invested in.
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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 Parasut
| 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 - Parasut
| 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 |
Parasut Comparisons
Competitors of Parasut
Parasut 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 Model N, HighRadius, Nomba, Apttus and Xifin, 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 |
Cloud-based revenue management solution for life sciences and hi-tech companies
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| domain | founded_year | HQ Location |
Autonomous finance and payment solutions are provided to businesses.
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| domain | founded_year | HQ Location |
App-based payment solutions are offered for small and medium businesses.
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| domain | founded_year | HQ Location |
Quote-to-cash solutions for businesses
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| domain | founded_year | HQ Location |
Cloud-based billing & revenue cycle management solutions for diagnostic service providers
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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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Frequently Asked Questions about Parasut
When was Parasut founded?
Parasut was founded in 2013 and raised its 1st funding round 2 years after it was founded.
Where is Parasut located?
Parasut is headquartered in Istanbul, Turkey.
Is Parasut a funded company?
Parasut is a funded company, having raised a total of $3.99M across 3 funding rounds to date. The company's 1st funding round was a Series A of $609.7K, raised on Feb 25, 2015.
What does Parasut do?
Parasut was founded in 2013 in Istanbul, Turkey, focusing on financial software for small and medium enterprises. Cloud-based tools for invoice management and collections are offered, including features such as invoice tracking, recurring billing, current account monitoring, income and expense recording, and reporting capabilities. The platform operates across Android and iOS devices to support business operations in the region.
Who are the top competitors of Parasut?
Parasut's top competitors include Model N, Nomba and HighRadius.
What products or services does Parasut offer?
Parasut offers Paraşüt Software, e-Fatura Service, and Bank Integration.
Who are Parasut's investors?
Parasut has 5 investors. Key investors include Ribbit Capital, Diffusion Capital Partners, Revo Capital, 500 Global, and Turkven.
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