About Parsyl
Parsyl is a company based in Denver (United States) founded in 2016 by Alex Haar, Mike Linton, and Ben Hubbard.. Parsyl has raised $67.14 million across 5 funding rounds from investors including Luna Innovations, Ascot and GL Prop. The company has 13 employees as of December 31, 2022. Parsyl offers products and services including Cargo Insurance, Data Partner Program, and Lineage. Parsyl operates in a competitive market with competitors including FourKites, TrusTrace, Blume Global, Shippeo and Tive, among others.
- Headquarter Denver, United States
- Employees 13 as on 31 Dec, 2022
- Founders Alex Haar, Mike Linton, Ben Hubbard
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Parsyl
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$67.14 M (USD)
in 5 rounds
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Latest Funding Round
$20.65 M (USD), Series C
Dec 20, 2024
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Investors
Luna Innovations
& 8 more
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Employee Count
13
as on Dec 31, 2022
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Products & Services of Parsyl
Parsyl offers a comprehensive portfolio of products and services, including Cargo Insurance, Data Partner Program, and Lineage. 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.
Delivers data-powered coverage for cargo risks in various sectors.
Facilitates collaborations with data providers for risk assessment.
Supports tracking and management of supply chain operations.
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Funding Insights of Parsyl
Parsyl has successfully raised a total of $67.14M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $20.65 million completed in December 2024. 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 5
- Last Round Series C — $20.6M
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First Round
First Round
(25 Jul 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2024 | Amount | Series C - Parsyl | Valuation | The Lightsmith Group | |
| Jan, 2022 | Amount | Series B - Parsyl | Valuation | HSCM Ventures | |
| Jul, 2019 | Amount | Series A - Parsyl | Valuation | Ascot Group , GLP |
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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 Parsyl
Parsyl has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Luna Innovations, Ascot and GL Prop. 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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Growth-stage technology sectors are targeted for venture capital investments.
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Founded Year | Domain | Location | |
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HSCM Ventures is focused on venture investments in insurance technology.
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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 Parsyl
| 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 |
Financial Statements - Parsyl
| 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 |
Parsyl Comparisons
Competitors of Parsyl
Parsyl 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 FourKites, TrusTrace, Blume Global, Shippeo and Tive, 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 |
AI and web-based visibility solutions for supply chains are developed.
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| domain | founded_year | HQ Location |
Blockchain-based traceability and sustainability solutions for the fashion industry
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| domain | founded_year | HQ Location |
Cloud-based supply chain visibility solutions are provided for logistics stakeholders.
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| domain | founded_year | HQ Location |
SaaS-based road freight transportation management platform for carriers and shippers
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| domain | founded_year | HQ Location |
Provider of cloud-based cargo tracking solutions
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| domain | founded_year | HQ Location |
AI-enabled solutions for shipment monitoring and tracking are provided.
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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 Parsyl
Frequently Asked Questions about Parsyl
When was Parsyl founded?
Parsyl was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is Parsyl located?
Parsyl is headquartered in Denver, United States. It is registered at Denver, Colorado, United States.
Who is the current CEO of Parsyl?
Ben Hubbard is the current CEO of Parsyl. They have also founded this company.
Is Parsyl a funded company?
Parsyl is a funded company, having raised a total of $67.14M across 5 funding rounds to date. The company's 1st funding round was a Series A of $15.74M, raised on Jul 25, 2017.
How many employees does Parsyl have?
As of Dec 31, 2022, the latest employee count at Parsyl is 13.
What does Parsyl do?
Parsyl was founded in 2016 and is headquartered in Denver, United States. Operations focus on the logistics sector, where integrated hardware and software solutions are provided for shipment management. Real-time tracking of cargo is enabled, along with monitoring of environmental parameters including temperature, humidity, pressure, and light exposure. These tools support supply chain visibility for various industries.
Who are the top competitors of Parsyl?
Parsyl's top competitors include FourKites, TrusTrace and Blume Global.
What products or services does Parsyl offer?
Parsyl offers Cargo Insurance, Data Partner Program, and Lineage.
Who are Parsyl's investors?
Parsyl has 9 investors. Key investors include Luna Innovations, Ascot, GL Prop, The Lightsmith Group, and GLP Capital Partners.
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