About Paravel
Paravel is a company based in New York (United States) founded in 2016 by Andy Krantz and Indre Rockefeller was acquired by Antler in August 2025.. Paravel has raised $3.2 million across 1 funding round from investors including 8VC, Fitz Gate Ventures and Jonathan. Paravel operates in a competitive market with competitors including Away, Bluesmart, eBags, Samsara Luggage and Baboon, among others.
- Headquarter New York, United States
- Founders Andy Krantz, Indre Rockefeller
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Sectors
RetailTravel & Hospitality
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Email
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Phone
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Website
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Social
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Funding Insights of Paravel
Paravel has successfully raised a total of $3.2M through 1 strategic funding round. The most recent funding activity was a Seed round of $3.2 million completed in August 2018. 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 1
- Last Round Seed — $3.2M
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First Round
First Round
(30 Aug 2018)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Seed - Paravel | Valuation | 8VC , Fitz Gate Ventures |
| 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 Paravel
Paravel has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include 8VC, Fitz Gate Ventures and Jonathan. 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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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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J
Jonathan |
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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 Paravel
| 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 - Paravel
| 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 |
Paravel Comparisons
Competitors of Paravel
Paravel 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 Away, Bluesmart, eBags, Samsara Luggage and Baboon, 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 |
Travel gear solutions including luggage, bags, and accessories are offered.
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| domain | founded_year | HQ Location |
Provides smartphone-controlled suitcases.
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| domain | founded_year | HQ Location |
Luggage and travel accessories are retailed online by eBags.
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| domain | founded_year | HQ Location |
Internet-first brand of aluminium smart suitcase
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| domain | founded_year | HQ Location |
Internet-first brand offering bags
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| domain | founded_year | HQ Location |
Private label brand of cooler bags
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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 Paravel
When was Paravel founded?
Paravel was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Paravel located?
Paravel is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Paravel?
Andy Krantz is the current CEO of Paravel. They have also founded this company.
Is Paravel a funded company?
Paravel is a funded company, having raised a total of $3.2M across 1 funding round to date. The company's 1st funding round was a Seed of $3.2M, raised on Aug 30, 2018.
What does Paravel do?
Paravel was founded in 2016 in New York, United States, as an internet-first brand in the travel accessories sector. Luggage, kits, and accessories are manufactured using linen, canvas, and nylon materials. Bags can be customized with handpainted designs, applique, and monograms. Orders are placed directly through the online platform, serving customers across the United States.
Who are Paravel's investors?
Paravel has 9 investors. Key investors include 8VC, Fitz Gate Ventures, Jonathan, Lizzie Tisch, and Shan Lyn Ma.