About Parler
Parler is a company based in Henderson (United States) founded in 2018 was acquired by Star Board in April 2023.. Parler has raised $36.25 million across 2 funding rounds from investors including Starboard. Parler has completed 1 acquisition, including Dynascale. Parler offers products and services including Parler Social, PlayTV, Bursts, and Parler Shop. Parler operates in a competitive market with competitors including Blue Fever, DeBox, Showtime, HalloApp and Seam Social, among others.
- Headquarter Henderson, United States
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Sectors
Media & Entertainment
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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
$36.25 M (USD)
in 2 rounds
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Latest Funding Round
$16 M (USD), Series B
Sep 18, 2022
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Star Board
(Apr 14, 2023)
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Products & Services of Parler
Parler offers a comprehensive portfolio of products and services, including Parler Social, PlayTV, Bursts, and Parler Shop. 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.
Enables free speech and content sharing for users.
Provides dynamic video content for creators and viewers.
Facilitates creation and sharing of engaging short videos.
Offers blockchain-based shopping and transactions for users.
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Funding Insights of Parler
Parler has successfully raised a total of $36.25M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $16 million completed in September 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 B — $16.0M
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First Round
First Round
(06 Jan 2022)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Sep, 2022 | Amount | Series B - Parler | Valuation |
investors |
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| Jan, 2022 | Amount | Series B - Parler | Valuation |
investors |
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| 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 Parler
Parler has secured backing from 1 investor. Prominent investors backing the company include Starboard. 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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Starboard is engaged in digital marketing and media services.
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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 Parler
Parler has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Dynascale. 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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Cloud services are provided by Dynascale to various clients.
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| 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 - Parler
| 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 |
Parler Comparisons
Competitors of Parler
Parler 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 Blue Fever, DeBox, Showtime, HalloApp and Seam Social, 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 |
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| domain | founded_year | HQ Location |
Online privacy-focused social platform for women
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| domain | founded_year | HQ Location |
A Web3 social platform for community engagement is provided.
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| domain | founded_year | HQ Location |
NFT collections are showcased on a social media platform.
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| domain | founded_year | HQ Location |
An app-based social platform emphasizing user privacy and secure interactions.
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| domain | founded_year | HQ Location |
Online platform offering to connect with close friends
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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 Parler
Frequently Asked Questions about Parler
When was Parler founded?
Parler was founded in 2018 and raised its 1st funding round 4 years after it was founded.
Where is Parler located?
Parler is headquartered in Henderson, United States. It is registered at Henderson, Nevada, United States.
Is Parler a funded company?
Parler is a funded company, having raised a total of $36.25M across 2 funding rounds to date. The company's 1st funding round was a Series B of $20.25M, raised on Jan 06, 2022.
What does Parler do?
Parler was founded in 2018 in Henderson, United States, and operates in the social media sector. A platform is provided for users to connect with peers, read news, share content, and discuss opinions. Interactions are facilitated with digital publishers, influencers, writers, politicians, and citizens. The application is made available for Android and iOS devices.
Who are the top competitors of Parler?
Parler's top competitors include DeBox, Showtime and Seam Social.
What products or services does Parler offer?
Parler offers Parler Social, PlayTV, Bursts, and Parler Shop.
How many acquisitions has Parler made?
Parler has made 1 acquisition, including Dynascale.
Who are Parler's investors?
Parler has 1 investor. Key investors include Starboard.