About Parcel
Parcel is a company based in United States founded in 2020 by Anubhav Girdhar.. Parcel has raised $2.5 million across 1 funding round from investors including DRAGONFLY, Scalar Capital and A.Capital. Parcel operates in a competitive market with competitors including IoTeX, Multis, Coinshift, Octav and xBacked, among others.
- Headquarter Delaware, United States
- Founders Anubhav Girdhar
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Sectors
TechnologyFinancial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Parcel Tech 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
$2.5 M (USD)
in 1 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Sep 03, 2021
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Investors
DRAGONFLY
& 8 more
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Employee Count
Employee Count
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Funding Insights of Parcel
Parcel has successfully raised a total of $2.5M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.5 million completed in September 2021. 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 — $2.5M
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First Round
First Round
(03 Sep 2021)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - Parcel | Valuation | DRAGONFLY |
| 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 Parcel
Parcel has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include DRAGONFLY, Scalar Capital and A.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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Early-stage companies are invested in by A.Capital Ventures.
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Founded Year | Domain | Location | |
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Compound is recognized as a thesis-driven investment firm.
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Founded Year | Domain | Location | |
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Investments in blockchain technology startups are made by 6MV.
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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 Parcel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Parcel
| 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 |
Parcel Comparisons
Competitors of Parcel
Parcel 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 IoTeX, Multis, Coinshift, Octav and xBacked, 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 |
Blockchain-based connectivity for IoT applications is facilitated.
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| domain | founded_year | HQ Location |
Cryptocurrency treasury management software for businesses
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| domain | founded_year | HQ Location |
Crypto treasury management is provided for DAOs and businesses.
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| domain | founded_year | HQ Location |
DeFi investment data is analyzed via a user-curated platform.
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| domain | founded_year | HQ Location |
Distributed autonomous organization building a decentralized stable coin
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| domain | founded_year | HQ Location |
Blockchain platform for B2B payments and treasury management is utilized.
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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 Parcel
When was Parcel founded?
Parcel was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Parcel located?
Parcel is headquartered in United States. It is registered at Delaware, United States.
Is Parcel a funded company?
Parcel is a funded company, having raised a total of $2.5M across 1 funding round to date. The company's 1st funding round was a Seed of $2.5M, raised on Sep 03, 2021.
What does Parcel do?
Parcel was founded in 2020 and is based in Delaware, United States. Treasury management services for decentralized autonomous organizations are provided, with features encompassing field optimizations, recurring payouts, strategic asset management, and mass payout capabilities. Operations focus on the fintech sector within blockchain ecosystems, supporting efficient financial handling for DAOs across relevant geographies.
Who are Parcel's investors?
Parcel has 9 investors. Key investors include DRAGONFLY, Scalar Capital, A.Capital, Compound, and 6MV.
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