When was Parasut founded?

Parasut was founded in 2013 and raised its 1st funding round 2 years after it was founded.

Where is Parasut located?

Parasut is headquartered in Istanbul, Turkey.

How many employees does Parasut have?

As of Jun 30, 2026, the latest employee count at Parasut is 89.

Is Parasut a funded company?

Parasut is a funded company, having raised a total of $3.99M across 3 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Feb 25, 2015.

When was the latest funding round of Parasut?

Parasut's latest funding was a $***** Series B round on Oct 24, 2016, with participation from 4 investors.

Where does Parasut rank among its competitors?

Parasut ranks 5th amongst 216 active competitors, of which 13 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Sequence, which secured $20M in Dec, 2025.

Who are the top competitors of Parasut?

Parasut's top competitors include Nomba, Xifin and Klarity. Among them, Sequence secured the most recent funding round in December, 2025.

Parasut - 2026 Company Profile, Team, Funding & Competitors

Parasut is an acquired company based in Istanbul (Turkey), founded in 2013 by Andac Turkmen and Sean yu. It operates as a Cloud-based invoice management and collection solutions for small & medium businesses. Parasut has raised $3.99M in funding. The company has 216 active competitors, including 13 funded and 18 that have exited. Its top competitors include companies like Nomba, Xifin and Klarity.

Company Details

Parasut provides cloud-based invoice management and collection solutions for small & medium businesses. Its features solutions for invoice tracking, recurring billing, current account tracking, income & expense tracking, reporting, and more. The app is available for Android and iOS platforms.

Website: www.parasut.com/
Social
Email ID: *****@parasut.com
Phone Number: +90 **********

Key Metrics

Founded Year

2013

Location

Istanbul, Turkey

Stage

Acquired

Total Funding

$3.99M in 3 rounds

Latest Funding Round

Series B, Oct 24, 2016, $*****

Investors

Ribbit Capital & 4 more

Ranked

5^th among 216 active competitors

Employee Count

89 as on Jun 30, 2026

Similar Companies

Nomba & 241 more

Exit Details

Acquired by Turkven (May 29, 2019)

View Parasut's full profile

Parasut got acquired by Turkven on May 29, 2019.

Click here to take a look at Parasut's acquisition in detail

Parasut has raised a total funding of $3.99M over 3 rounds. Its first funding round was on Feb 25, 2015. Its latest funding round was a Series B round on Oct 24, 2016 for $*****. 4 investors participated in its latest round. Parasut has 5 institutional investors.

Here is the list of recent funding rounds of Parasut:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 24, 2016	5454748	Series B	5611534	9013931	9032100	6550611
Apr 15, 2015	9946495	Series A	9580913	7023815	7155019	Ribbit Capital
Feb 25, 2015	2564880	Series A	3330870	1349508	3578221	Revo Capital

Access funding benchmarks and valuations. Sign up today!

View details of Parasut's funding rounds and investors

The founders of Parasut are Andac Turkmen and Sean yu.

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

Andac Turkmen: Co-Founder & CTO of Parasut and founder of 1 other company.
Sean yu: Co-Founder & CEO of Parasut.

View details of Parasut's Founder profiles and Board Members

Parasut's employee count trend

Parasut has 89 employees as of Jun 26. Here is Parasut's employee count trend over the years:

Uncover Parasut's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Parasut include Nomba, Xifin and Klarity. Here is the list of Top 10 competitors of Parasut, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Nomba 2016, Lagos (Nigeria), Series B	App-based payment acceptance solutions for SMBs	$42.7M	Y Combinator, Partech Partners & 11 others	75/100
2nd	Xifin 1997, San Diego (United States), Acquired	Cloud-based billing & revenue cycle management solutions for diagnostic service providers	$6M	Windward Ventures, Avista Healthcare Partners ... & 5 others	63/100
3rd	Klarity 2017, San Francisco (United States), Series B	Account receivables and billing management platform	$90M	Tola Capital, Invus & 9 others	63/100
4th	Cerillion Technologies 1999, London (United Kingdom), Public	Provider of composable BSS/OSS software solutions for telecom operators	$9M	Herald Investment Management, Origin Capital ... & 3 others	62/100
5th	Parasut 2013, Istanbul (Turkey), Acquired	Cloud-based invoice management and collection solutions for small & medium businesses	$3.99M	Ribbit Capital, e2vc & 3 others	62/100
6th	ezyCollect 2011, Sydney (Australia), Acquired	Accounts receivable automation software	$12.3M	Tank Stream Ventures, Bombora & 4 others	58/100
7th	Sequence 2021, New York City (United States), Series A	Integrated billing and pricing solution for businesses	$39M	Andreessen Horowitz, 645 Ventures & 20 others	56/100
8th	Subskribe 2020, Danville (United States), Acquired	Provider of quote-to-revenue platform simplifying CPQ, billing, and revenue recognition	$18.4M	Slow Ventures, 8VC & 4 others	56/100
9th	Apttus 2006, San Mateo (United States), Acquired	Provider of document automation, contract lifecycle management, and revenue management solutions	$474M	Kuwait Investment Authority, Premji Invest ... & 8 others	54/100
10th	Tabs 2023, New York City (United States), Funding Raised	Provider of revenue automation platform streamlining contract-to-cash processes for businesses	-	Company Ventures, Alumni Ventures	54/100