About Parcl
Parcl is a company based in New York (United States) founded in 2022 by Kellan Grenier, Stephen Robinson, and Jason Lewris.. Parcl has raised $11.6 million across 2 funding rounds from investors including Coinbase, Tribe Capital and Fifth Wall. Parcl offers products and services including City Indexes and Trading Platform. Parcl operates in a competitive market with competitors including Propy, Upland, Saga, SuperWorld and Groma, among others.
- Headquarter New York, United States
- Founders Kellan Grenier, Stephen Robinson, Jason Lewris
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Sectors
Financial ServicesTechnology
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Parcl Digital Ltd
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.6 M (USD)
in 2 rounds
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Latest Funding Round
$7.5 M (USD), Series A
May 17, 2022
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Investors
Coinbase
& 15 more
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Employee Count
Employee Count
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Products & Services of Parcl
Parcl offers a comprehensive portfolio of products and services, including City Indexes and Trading Platform. 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.
Indexes for trading real estate price movements globally
Platform enabling real estate speculation with low fees
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Funding Insights of Parcl
Parcl has successfully raised a total of $11.6M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.5 million completed in May 2022. 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 A — $7.5M
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First Round
First Round
(01 Mar 2022)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2022 | Amount | Series A - Parcl | Valuation | Fifth Wall , IA Ventures | |
| Mar, 2022 | Amount | Seed - Parcl | Valuation | Archetype |
| 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 Parcl
Parcl has secured backing from 16 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Coinbase, Tribe Capital and Fifth Wall. 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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Investments are made in early-stage tech startups by Fifth Wall.
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Founded Year | Domain | Location | |
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Support is provided to individuals building remarkable companies.
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Founded Year | Domain | Location | |
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Seed and early-stage venture capital firm focusing on investments in technology and fintech companies
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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 Parcl
| 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 - Parcl
| 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 |
Parcl Comparisons
Competitors of Parcl
Parcl 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 Propy, Upland, Saga, SuperWorld and Groma, 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 |
Real estate transactions are managed through SaaS and blockchain tools.
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| domain | founded_year | HQ Location |
A virtual property game is developed on the EOS blockchain.
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| domain | founded_year | HQ Location |
Saga is recognized for enabling scalable Layer-1 blockchain creation.
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| domain | founded_year | HQ Location |
Virtual real estate and digital assets investment platform
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| domain | founded_year | HQ Location |
Blockchain-based platform for virtual real estate investments is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Parcl
Frequently Asked Questions about Parcl
When was Parcl founded?
Parcl was founded in 2022.
Where is Parcl located?
Parcl is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Parcl a funded company?
Parcl is a funded company, having raised a total of $11.6M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.1M, raised on Mar 01, 2022.
What does Parcl do?
Parcl was founded in 2022 in New York, United States, as a provider of a blockchain-based platform focused on real estate investments. Price behavior of the real estate market is mimicked through digital representations of property values from various cities and neighborhoods. Users are given access to price exposure without direct ownership. Operations center on creating tokenized assets that track urban real estate trends across multiple geographies.
What products or services does Parcl offer?
Parcl offers City Indexes and Trading Platform.
Who are Parcl's investors?
Parcl has 16 investors. Key investors include Coinbase, Tribe Capital, Fifth Wall, FJ Labs, and Shima Capital.
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