About Parsec Media
Parsec Media is a Media & Entertainment company based in New York (United States) founded in 2015, and was acquired by Kargo in March 2022. Mobile ads are delivered using cost-per-second pricing model. Parsec Media has raised $3.58 million across 2 funding rounds from investors including Bee Partners, WGI Group and BlueTree Venture Fund. The company was acqui-hired. Its focus areas include Enterprise Applications, Mobile Advertising, Ad Network and Multi-Inventory. Its competitors include Tapjoy, Vungle and Digital Turbine; 2 of its 3 listed competitors have raised funding.
Company details
Parsec is a mobile advertising network which delivers ads in SLED format. The pricing model is Cost per second that means the advertisers will have to pay based on the time users spend on the ads. Uses First party and Third party data along with cookie based data to select the target audience for advertisers and the right website for the ads. Has partnered with MOAT to measure time spent on ads. Publishers include International Business Times, The Hill, TEN, Forbes, Scripps, CBS Interactive, Answers.com etc.
- Headquarters New York, United States
- Stage Acquired
- SectorsMedia & Entertainment
- Email••••••••
- Website parsec.media
- Social LinkedIn X
- Acquired by Kargo (Mar 2022)
- Total Equity Funding$3.58M (USD)
in 2 rounds
- Latest Funding Round$2.08M (USD), Seed
Jul 2018
- InvestorsBee Partners
& 6 more
- Acquired byKargo
(Mar 2022)
Funding Insights of Parsec Media
Parsec Media has successfully raised a total of $3.58M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $2.08 million completed in July 2018. 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 $3.58M
- Total Rounds 2
- Last Round Seed — $2.08M
- First Round $1.5M
(Jun 2016)
- Investors Count 6
All 2 funding rounds of Parsec Media 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 |
|---|---|---|---|---|---|
| Jul 2018 | $2.08M | Seed | – | – | – |
| Jun 2016 | $1.5M | Seed | – | – |
7 investors in total: 4 institutional and 3 angel.
Investors in Parsec Media
Parsec Media has secured backing from 7 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Bee Partners, WGI Group and BlueTree Venture Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed and early-stage micro investments are targeted in the US. | beepartners.vc | San Francisco, United States | ||
Seed & early stage tech-focused micro-VC firm funding companies in the US | wgifund.com | New York, United States | ||
| bluetreeventurefund.com | ||||
BW Brett Wilson | Canadian entrepreneur and angel investor with interests in Indian startups. | unknown_9e7d026410c741b08 | ||
JM J Moses | Angel investor and entrepreneur, co-founder of UClean, active in Indian startup ecosystem | unknown_0a35b09396b546118 | ||
SC Steve Christian | unknown_af14077cd9374d578 | |||
Kargo is recognized for creating innovative advertising solutions. | kargo.com | New York, United States |
Investor details for Parsec Media
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Parsec Media
4 dated milestones of Parsec Media across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Parsec Media is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Seed, of $2.1M.
- Exit Acquired by Kargo.
Competitors of Parsec Media
Parsec Media has 3 listed competitors in our database, 2 of them funded. They include Tapjoy, Vungle and Digital Turbine.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tapjoy.com | 2007 | San Francisco, United States | $60.05M | 137 | Mobile advertising & monetization | |
| vungle.com | 2011 | San Francisco, United States | $25.62M | 39 | Mobile apps are promoted and monetized via in-app video trailers. | |
| digitalturbine.com | 1998 | Austin, United States | 777 | Mobile advertising network platform |
Detailed competitors of Parsec Media
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Mobile Advertising
3 companies that operate in the same segment as Parsec Media (Mobile Advertising) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based mobile marketing analytics and attribution platform | 2011 | San Francisco, California, United States | USD 1.3 B | 1,580 | ||
Mobile advertising & monetization | 2007 | San Francisco, California, United States | USD 60.05 M | |||
Mobile apps are promoted and monetized via in-app video trailers. | 2011 | San Francisco, California, United States | USD 25.62 M |
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Frequently Asked Questions about Parsec Media
Parsec Media was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Parsec Media is headquartered in New York, United States. It is registered at New York, New York, United States.
Parsec Media is a funded company, having raised a total of $3.58M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jun 2016.
Parsec is a mobile advertising network which delivers ads in SLED format. The pricing model is Cost per second that means the advertisers will have to pay based on the time users spend on the ads. Uses First party and Third party data along with cookie based data to select the target audience for advertisers and the right website for the ads. Has partnered with MOAT to measure time spent on ads. Publishers include International Business Times, The Hill, TEN, Forbes, Scripps, CBS Interactive, Answers.com etc.
Parsec Media's top competitors include Tapjoy, Vungle and Digital Turbine.
Parsec Media has 7 investors. Key investors include Bee Partners, WGI Group, BlueTree Venture Fund, Brett Wilson, and J Moses.
Yes. Parsec Media was acquired by Kargo in March 2022.