Packworks - About the company
Packworks is a seed company based in Makati (Philippines), founded in 2012 by Ibrahim Bernardo. It operates as a Provider of software suite solutions for community-based retailers. Packworks has raised $2M in funding from CVC and FAST. The company has 836 active competitors, including 97 funded and 75 that have exited. Its top competitors include companies like Shopify, Squarespace and BigCommerce.
Company Details
Provider of software suite solutions for community-based retailers. The company provides mobile applications and enable businesses to manage inventory, bookkeeping, customer, product data, and logistics details. The app features include POS enabled to track all purchases, data analytics for business intelligence, provide real-time stock inventory, and more.
- Website
- packworks.io
- Social
- Email ID
- *****@theparkworks.com
Key Metrics
Founded Year
2012
Location
Makati, Philippines
Stage
Seed
Total Funding
$2M in 2 rounds
Latest Funding Round
Ranked
60th among 836 active competitors
Employee Count
42 as on Jul 31, 2026
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Packworks's funding and investors
Packworks has raised a total funding of $2M over 2 rounds. Its first funding round was on Jul 27, 2022. Its latest funding round was a Grant (prize money) round on Jul 11, 2024 for $*****. 1 investor participated in its latest round. Packworks has 8 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Packworks:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 11, 2024 | 7726943 | Grant (prize money) | 7609375 | 9019706 | 9236117 | 3095789 |
Jul 27, 2022 | 3510794 | Seed | 2940674 | 4637625 |
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Packworks' founders and board of directors
Founder? Claim ProfileThe founders of Packworks is Ibrahim Bernardo.
Here are the details of Packworks' key team members:
- Ibrahim Bernardo: Co-Founder of Packworks and founder of 1 other company.
View details of Packworks's Founder profiles and Board Members
Packworks' employee count trend
Packworks has 42 employees as of Jul 26. Here is Packworks's employee count trend over the years:
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Packworks's Competitors and alternates
Top competitors of Packworks include Shopify, Squarespace and BigCommerce. Here is the list of Top 10 competitors of Packworks, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of an all-in-one commerce platform for businesses of all sizes | $122M | 87/100 | ||
2nd | Squarespace 2003, United States, Acquired | Provider of tools for website creation, hosting, and online business | $591M | 83/100 | |
3rd | BigCommerce 2009, Austin (United States), Public | Provider of ecommerce platform and related services for online businesses | $233M | 74/100 | |
4th |  ShopUp 2017, Dhaka (Bangladesh), Series B | Retailer of neighborhood shops and clothing | $198M | 73/100 | |
5th | AnyMind Group 2016, Minato (Japan), Public | Provider of e-commerce, marketing, and manufacturing platforms | $91.7M | 72/100 | |
6th | CommerceIQ 2012, Mountain View (United States), Series D | Provider of unified AI platform for retail ecommerce sales and optimization | $196M | 71/100 | |
7th |  Cart.com 2020, Houston (United States), Series D | Provider of unified commerce and logistics solutions for business growth | $735M | 69/100 | |
8th |  etaily 2020, Metro Manila (Philippines), Series A | Provider of software suite solutions for e-commerce businesses | $24M | 69/100 | |
9th | Commercetools 2006, Munich (Germany), Acquired | Provider of a platform for enterprise digital commerce and related services | $291M | 67/100 | |
10th | SPS Commerce 1998, Minneapolis (United States), Public | Provider of cloud-based platform for retail supply chain management solutions | $50.5M | 67/100 | |
60th |  Packworks 2012, Makati (Philippines), Seed | Provider of software suite solutions for community-based retailers | $2M | 44/100 |
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Packworks's Investments and acquisitions
Packworks has made no investments or acquisitions yet.
Reports related to Packworks
Here is the latest report on Packworks's sector:
News related to Packworks
•
B2B platform Packworks secures research funding; DOST to fund solar PV, clean fuel projectsShareandstocks•Jul 11, 2024•Packworks, CVC, Dost
•
Packworks partners with financing firm to offer loan to ‘sari-sari’ storesBack End News•Dec 11, 2023•Packworks, 1Sari
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•
Fintech firm Packworks appoints ex-CEO of Lazada Philippines to boardTech in Asia•Jul 27, 2023•Packworks, Lazada
•
Packworks makes operations easier for sari-sari stores in the PhilippinesTechCrunch+•Jul 27, 2022•FAST, Packworks, CVC, Asian Development Bank and 7 others
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