About Parsec Media
Parsec Media is a company based in New York (United States) founded in 2015 was acquired by Kargo in March 2022.. Parsec Media has raised $3.58 million across 2 funding rounds from investors including Bee Partners, WGI Group and BlueTree Venture Fund. Parsec Media operates in a competitive market with competitors including InMobi, Tapjoy, Vungle, Mobvista and Digital Turbine, among others.
- Headquarter New York, 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
$3.58 M (USD)
in 2 rounds
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Latest Funding Round
$2.08 M (USD), Seed
Jul 06, 2018
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Investors
Bee Partners
& 6 more
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Employee Count
Employee Count
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Acquired by
Kargo
(Mar 31, 2022)
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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 Total Funding
- Total Rounds 2
- Last Round Seed — $2.1M
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First Round
First Round
(22 Jun 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2018 | Amount | Seed - Parsec Media | Valuation |
investors |
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| Jun, 2016 | Amount | Seed - Parsec Media | Valuation |
investors |
| 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 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. 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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Seed and early-stage micro investments are targeted in the US.
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Founded Year | Domain | Location | |
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Seed & early stage tech-focused micro-VC firm funding companies in the US
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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 Parsec Media
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - Parsec Media
| 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 |
Parsec Media Comparisons
Competitors of Parsec Media
Parsec Media 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 InMobi, Tapjoy, Vungle, Mobvista and Digital Turbine, 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 |
Platform offering mobile ad network software
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| domain | founded_year | HQ Location |
Mobile advertising & monetization
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| domain | founded_year | HQ Location |
Mobile apps are promoted and monetized via in-app video trailers.
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| domain | founded_year | HQ Location |
Mobile advertising platform and ad network
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| domain | founded_year | HQ Location |
Mobile advertising network platform
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| domain | founded_year | HQ Location |
Mobile ad campaigns are managed and optimized via ML platform.
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| 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 Parsec Media
When was Parsec Media founded?
Parsec Media was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Parsec Media located?
Parsec Media is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Parsec Media a funded company?
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 22, 2016.
What does Parsec Media do?
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.
Who are the top competitors of Parsec Media?
Who are Parsec Media's investors?
Parsec Media has 7 investors. Key investors include Bee Partners, WGI Group, BlueTree Venture Fund, Brett Wilson, and J Moses.