About Parella Motorsports
Parella Motorsports is a company based in Plano (United States) founded in 2012 by Tony Parella was acquired by Velocity Capital Management in December 2023.. Parella Motorsports has completed 3 acquisitions, including International GT, MotorsportReg and Racing America.
- Headquarter Plano, United States
- Founders Tony Parella
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
- Legal Name Parella Motorsports, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
International GT
& 2 more
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Acquired by
Velocity Capital Management
(Dec 06, 2023)
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Funding Insights of Parella Motorsports
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 Parella Motorsports
Parella Motorsports has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Velocity Capital Management. 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 |
| 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 Parella Motorsports
Parella Motorsports has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include International GT, MotorsportReg and Racing America. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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News platform covering motorsports events
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2020 | ||||
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North American racing series for late model Porsche and Ferrari competitors.
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2016 | ||||
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Online motorsports registration and ticketing software is offered.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Parella Motorsports
| 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 |
Parella Motorsports Comparisons
Competitors of Parella Motorsports
| 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 Parella Motorsports
When was Parella Motorsports founded?
Parella Motorsports was founded in 2012.
Where is Parella Motorsports located?
Parella Motorsports is headquartered in Plano, United States. It is registered at Plano, Texas, United States.
What does Parella Motorsports do?
Parella Motorsports was founded in 2012 and is based in Plano, United States. Operations in the motorsports sector are focused on ownership and management of racing events and properties. Key assets include the Sportscar Vintage Racing Association, F4 US series, and FR events. Leadership is provided by founder Tony Parella, with activities centered on competitive racing formats.
How many acquisitions has Parella Motorsports made?
Parella Motorsports has made 3 acquisitions, including International GT, MotorsportReg, and Racing America.
Who are Parella Motorsports's investors?
Parella Motorsports has 1 investor. Key investors include Velocity Capital Management.