About Paro
Paro is a Technology company based in Chicago (United States) founded in 2015 by Michael Burdick. AI-based solutions for finance and accounting management are provided. Paro has raised $65.8 million across 7 funding rounds from investors including Top Tier Capital Partners, Madrona and Revolution. The company has 158 employees. Its chief executive, as recorded, is Anita Samojednik. Its website paro.ai draws about 56 thousand monthly visits. Its focus areas include FinTech, Finance & Accounting Tech, Accounting Solutions and Accounting Suite. Its competitors include Intuit, Found and Kyriba; 3 of its 3 listed competitors have raised funding.
Company details
Paro was founded in 2015 in Chicago, United States, within the fintech sector. AI-driven suite solutions are offered for finance and accounting operations. Key services encompass bookkeeping, financial reporting, account reconciliation, budgeting, forecasting, tax management, tax filing, auditing, advisory strategy, and HR management. These tools are designed to support business financial processes across various scales.
- Total Equity Funding$65.8M (USD)
in 7 rounds
- Latest Funding Round$25M (USD), Series C
Jun 2023
- InvestorsTop Tier Capital Partners
& 9 more
- Employee Count158
Funding Insights of Paro
Paro has successfully raised a total of $65.8M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $25 million completed in June 2023. 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 $65.8M
- Total Rounds 7
- Last Round Series C — $25M
- First Round $800,000
(Oct 2015)
- Investors Count 10
All 7 funding rounds of Paro with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2023 | $25M | Series C | – | Top Tier Capital Partners | |
| Sep 2021 | Series B | – | WP Global Partners | – | |
| Aug 2021 | Series B | – | Alumni Ventures | – | |
| Jul 2021 | $25M | Series B | – | Madrona Venture Group | |
| Sep 2019 | $10M | Series B | – | Sierra Ventures | |
| Mar 2018 | $5M | Series A | – | Global Founders Capital | |
| Oct 2015 | $800,000 | Seed | – | – | – |
10 investors in total: 8 institutional and 2 angel.
Investors in Paro
Paro has secured backing from 10 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Top Tier Capital Partners, Madrona and Revolution.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond. | madrona.com | |||
Revolution is recognized as a D.C.-based investment firm. | revolution.com | Washington, Dc, United States | ||
Early-stage venture capital investments in AI, healthcare, and enterprise technologies. | sierraventures.com | |||
Private equity firm focused on multiple sectors | wpglobalpartners.com | Chicago, United States | ||
Venture capital investing and portfolio management services for accredited investors. | av.vc | |||
Venture capital fund investing in multiple sectors | kgccapital.com | Chicago, United States | ||
Venture capital firm focused on early-stage startups | globalfounderscapital.com | Berlin, Germany | ||
Diversified investment management firm | 1999 | ttcp.com | San Francisco, United States | |
TW Tom Williams | Indian angel investor with focus on early-stage tech startups. | unknown_2af484e8b5534a3fb | ||
CS Clara Sieg | Partner at Revolution Ventures, active angel investor in tech startups | unknown_9c7a2f1e80b141df9 |
Investor details for Paro
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Paro
7 people are tracked at Paro (5 in leadership, 2 in team); the tracked headcount is 158.
| Name | Role | Group |
|---|---|---|
Michael Burdick | Founder & CSO | Leadership |
Anita Samojednik | CEO | Leadership |
Michael Forystek | Head Of Analytics And Revenue Operations | Leadership |
Saum Mathur | Chief Operating Officer | Leadership |
Stefanie Lau | Head Of Capital Markets Partnerships | Leadership |
Agata Delekta | Senior Business Data Analyst | Team |
Gabriela Silva | Account Manager | Team |
Complete people profiles for Paro
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Paro
3 dated milestones of Paro across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Paro is founded.
- Funding First funding round of $800K.
- Funding Latest funding round, Series C, of $25.0M.
Competitors of Paro
Paro has 3 listed competitors in our database, 3 of them funded. They include Intuit, Found and Kyriba.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| intuit.com | 1983 | Mountain View, United States | $49.62M | 18,800 | Financial and accounting software is developed for businesses and individuals. | |
| found.com | 2019 | San Francisco, United States | $118.75M | 35 | Accounting and bookkeeping solutions are provided for small businesses. | |
| kyriba.com | 2000 | San Diego, United States | $160.68M | 334 | Cloud-based treasury automation and risk management solutions are provided. |
Detailed competitors of Paro
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of Paro
The website of Paro (paro.ai) receives about 55.7K visits a month and ranks #813,807 among all websites worldwide, #2,013 in Accounting and Auditing.
- Monthly visits55.7K
▲ 31.3% vs previous month
- Unique visitors18.8K
per month
- Global rank#813,807
among all websites
- Category rank#2,013
Finance · Accounting and Auditing
- Bounce rate42%
- Pages per visit1.5
- Average visit15 sec
- DevicesDesktop 44% · Mobile 56%
Websites whose visitors overlap most with Paro. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
cfohub.com | cfohub.com | 100% | #1,384,326 | – | |
| indinero.com | 99% | 35.4K | #962,121 | View details | |
accountingdepartment.com | accountingdepartment.com | 98% | #935,477 | – | |
| controllerscouncil.org | 96% | #2,203,585 | View details | ||
| growcfo.net | 93% | 17K | #1,957,939 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Paro
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Finance & Accounting Applications
3 companies that operate in the same segment as Paro (Finance & Accounting Applications) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 |
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Related news about Paro
Complete news archive for Paro
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Frequently Asked Questions about Paro
Paro was founded in 2015.
Paro is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Anita Samojednik is the CEO of Paro, as recorded in our data.
Paro is a funded company, having raised a total of $65.8M across 7 funding rounds to date. The company's 1st funding round was a Seed of $800K, raised on Oct 2015.
Paro has 158 employees.
Paro was founded in 2015 in Chicago, United States, within the fintech sector. AI-driven suite solutions are offered for finance and accounting operations. Key services encompass bookkeeping, financial reporting, account reconciliation, budgeting, forecasting, tax management, tax filing, auditing, advisory strategy, and HR management. These tools are designed to support business financial processes across various scales.
Paro has 10 investors. Key investors include Top Tier Capital Partners, Madrona, Revolution, Sierra Ventures, and WP Global Partners.