When was Packback founded?

Packback was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is Packback located?

Packback is headquartered in Chicago, United States. It is registered at Chicago, Illinois.

How many employees does Packback have?

As of Apr 30, 2026, the latest employee count at Packback is 108.

Is Packback a funded company?

Packback is a funded company, having raised a total of $13.6M across 10 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on 2013.

When was the latest funding round of Packback?

Packback's latest funding was a $***** Series B round on Mar 21, 2024, with participation from 1 investor.

Where does Packback rank among its competitors?

Packback ranks 3rd amongst 11 active competitors, of which 2 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Packback, which secured an undisclosed amount in Mar, 2024.

Who are the top competitors of Packback?

Packback's top competitors include Chegg, VitalSource and BookRenter. Among them, Packback secured the most recent funding round in March, 2024.

Packback - 2026 Company Profile, Team, Funding & Competitors

Packback is a series B company based in Chicago (United States), founded in 2012 by Mike Shannon and Kasey Gandham. It operates as a Text book rental platform. Packback has raised $13.6M in funding from investors like Achieve Partners, Sharkalytics and PSG. The company has 11 active competitors, including 2 funded and 2 that have exited. Its top competitors include companies like Chegg, VitalSource and BookRenter.

Company Details

Packback is an online textbook rental platform.Packback has served over 130K students nationwide and is backed by $3M+ in venture funding from notable investors including Mark Cuban, Howard Tullman, and Mark Tebbe. Packback also provides a price Comparison tool to compare prices from the textbook renters on the web. Packback also operates Packback questions, a social Q&A platform.

Website: packback.co
Social
Registered Address: Chicago, Illinois

Key Metrics

Founded Year

2012

Location

Chicago, United States

Stage

Series B

Total Funding

$13.6M in 10 rounds

Latest Funding Round

Series B, Mar 21, 2024, $*****

Investors

Achieve Partners & 17 more

Ranked

3^rd among 11 active competitors

Employee Count

108 as on Apr 30, 2026

Similar Companies

Chegg & 89 more

View Packback's full profile

Packback is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PACKBACK, INC. CIN: 465189551 , United States, Active	Dec 31, 2011	-	118 (As on Dec 31, 2024)	-

Packback has raised a total funding of $13.6M over 10 rounds. Its first funding round was on 2013. Its latest funding round was a Series B round on Mar 21, 2024 for $*****. 1 investor participated in its latest round. Packback has 17 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of Packback:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 21, 2024	5143148	Series B	6647470	6307928	4374732	4491652
Jan 29, 2019	1521894	Series A	3383605	4436749	2028921	HPA
Jan 30, 2018	8578012	Series A	4988068	8686249	Achieve Partners	Mark Cuban & 2 more

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View details of Packback's funding rounds and investors

The founders of Packback are Mike Shannon and Kasey Gandham.

Here are the details of Packback's key team members:

Mike Shannon: Founder of Packback and founder of 1 other company.
Contact Info: 1 email address
Kasey Gandham: Co-Founder of Packback.
Contact Info: 1 email address

View details of Packback's Founder profiles and Board Members

Packback's employee count trend

Packback has 108 employees as of Apr 26. Here is Packback's employee count trend over the years:

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Top competitors of Packback include Chegg, VitalSource and BookRenter. Here is the list of Top 10 competitors of Packback, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Chegg 2005, Santa Clara (United States), Public	Provider of rental books and homework help solutions for university students	$206M	Kleiner Perkins, Foundation Capital & 38 others	74/100
2nd	VitalSource 1994, Raleigh (United States), Acquired	Digital learning platform providing eTextbooks and educational resources	-	-	63/100
3rd	Packback 2012, Chicago (United States), Series B	Text book rental platform	$13.6M	Listen VC, PSG & 16 others	51/100
4th	BookRenter 2007, San Mateo (United States), Deadpooled	online textbook rental service	$56M	Comerica, Storm Ventures & 4 others	37/100
5th	Campus Book Rentals 2007, West Haven (United States), Deadpooled	College Textbook Renting	$9.09M	Level Equity, Five Elms Capital & 1 others	34/100
6th	BookLender 2000, Sterling (United States), Seed	Subscription-based online rental platform for print books and audio books	$130K	-	24/100
7th	RentText 2014, Little Rock (United States), Unfunded	Online college textbook rental service offering affordable prices and fast shipping	-	-	24/100
8th	KinderBooks 2016, New York City (United States), Unfunded	German children's book rental service promoting bilingualism and cultural connection	-	-	24/100
9th	CollegeBookRenter 2009, Murray (United States), Deadpooled	Affordable college textbook rentals and sales, simplifying education for students	$10M	-	22/100
10th	PLDL Houghton (United States), Unfunded	Provider of library services and resources	-	-	19/100