About Passare
Passare is a company based in Abilene (United States) founded in 2012.. Passare has raised $6 million across 1 funding round from investors including Funeral Directors Life and Directors Investment Group. Passare offers products and services including Planning Center, eSignature, Mobile App, Barcode Tracking, and Financials. Passare operates in a competitive market with competitors including Bare, PlotBox, Guardian Angel, Tribute Technology and Batesville, among others.
- Headquarter Abilene, United States
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Sectors
Media & EntertainmentTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Passare, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Series A
Jun 25, 2014
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Investors
Funeral Directors Life
& 1 more
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Employee Count
Employee Count
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Acquired by
N/A
(Apr 06, 2015)
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Products & Services of Passare
Passare offers a comprehensive portfolio of products and services, including Planning Center, eSignature, Mobile App, Barcode Tracking, and Financials. 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.
Tool for organizing and tracking funeral planning tasks efficiently.
Enables electronic signing of documents to streamline processes.
Allows access to cases and updates on mobile devices anytime.
Provides real-time tracking for items and custody chains.
Handles billing and reporting for funeral home finances.
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Funding Insights of Passare
Passare has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Series A round of $6 million completed in June 2014. 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 1
- Last Round Series A — $6.0M
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First Round
First Round
(25 Jun 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2014 | Amount | Series A - Passare | Valuation | Funeral Directors Life |
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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 Passare
Passare has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Funeral Directors Life and Directors Investment Group. 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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Provides life insurance, preneed solutions, and marketing tools for funeral directors.
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Founded Year | Domain | Location | |
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A group of companies is operated to support funeral homes.
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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 Passare
| 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 - Passare
| 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 |
Passare Comparisons
Competitors of Passare
Passare 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 Bare, PlotBox, Guardian Angel, Tribute Technology and Batesville, 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 |
Online funeral services are booked and managed digitally.
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| domain | founded_year | HQ Location |
Cloud-based software for cemetery, crematory, and funeral management is provided.
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| domain | founded_year | HQ Location |
Funeral services are planned and booked via an online platform.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for funeral management.
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| domain | founded_year | HQ Location |
Services for funeral homes are delivered via a dedicated 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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Latest news on Passare
Frequently Asked Questions about Passare
When was Passare founded?
Passare was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is Passare located?
Passare is headquartered in Abilene, United States. It is registered at Abilene, Texas, United States.
Is Passare a funded company?
Passare is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Series A of $6M, raised on Jun 25, 2014.
What does Passare do?
Founded in 2012 and based in Abilene, United States, Passare operates as a SaaS provider in the funeral services sector. The platform is utilized by families to search for local funeral directors, specify service details, and update requirements in real time before scheduling meetings. Communications are managed through the system, allowing directors to adjust plans accordingly and coordinate services efficiently.
Who are the top competitors of Passare?
Passare's top competitors include Bare, Batesville and PlotBox.
What products or services does Passare offer?
Passare offers Planning Center, eSignature, Mobile App, Barcode Tracking, and Financials.
Who are Passare's investors?
Passare has 2 investors. Key investors include Funeral Directors Life, and Directors Investment Group.
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