Paro - About the company
Paro is a series C company based in Chicago (United States), founded in 2015. It operates as a Network of finance professionals providing accounting and business management services. Paro has raised $67M in funding from investors like Sierra Ventures, Madrona and Top Tier Capital Partners. The company has 37 active competitors, including 5 funded and 2 that have exited. Its top competitors include companies like Hoover's, MerchantCircle and Midwich.
Company Details
Network of finance professionals providing accounting and business management services. These individuals assist with financial planning, tax compliance, bookkeeping, and operational strategy. The service model connects businesses with personnel to manage financial records, forecasting, and internal reporting requirements.
- Website
- paro.ai
- Social
- Email ID
- *****@paro.ai
- Phone Number
- +1 **********
Key Metrics
Founded Year
2015
Location
Chicago, United States
Stage
Series C
Total Funding
$67M in 7 rounds
Latest Funding Round
Investors
Ranked
1st among 37 active competitors
Employee Count
321 as on Sep 30, 2026
Similar Companies
Legal entities associated with Paro
Paro is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
PARO INC. CIN: 2617662 , United States, Active | Apr 25, 1996 | - | - | - |
PARO SERVICES CO. CIN: 341873259 , United States, Active | Dec 31, 1999 | - | 158 (As on Dec 31, 2015) | - |
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Paro's funding and investors
Paro has raised a total funding of $67M over 7 rounds. Its first funding round was on Oct 09, 2015. Its latest funding round was a Series C round on Jun 14, 2023 for $*****. 4 investors participated in its latest round. Paro has 12 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Paro:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 14, 2023 | 4620069 | Series C | 8198226 | 5914970 | 4432564 | 5232327 |
Sep 17, 2021 | 7923263 | Series B | 5319522 | 3835536 | 7659318 | 1679618 |
Aug 24, 2021 | 7449522 | Series B | 6356398 | 4261908 | 3254475 |
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Paro's founders and board of directors
Founder? Claim ProfileParo's employee count trend
Paro has 321 employees as of Sep 26. Here is Paro's employee count trend over the years:
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Paro's Competitors and alternates
Top competitors of Paro include Hoover's, MerchantCircle and Midwich. Here is the list of Top 10 competitors of Paro, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Paro 2015, Chicago (United States), Series C | Network of finance professionals providing accounting and business management services | $67M | 46/100 | |
2nd | Hoover's 1990, Austin (United States), Acquired | Business listing portal | $20.7M | 44/100 | |
3rd | MerchantCircle 2005, Mountain View (United States), Acquired | Social network for local businesses | $14.3M | 43/100 | |
4th |  Midwich 1979, Norfolk (United States), Funding Raised | Provider of B2B services | - | 39/100 | |
5th | Crowdspring 2007, Chicago (United States), Seed | Provider of custom graphic design and business naming project services | $3M | - | 32/100 |
6th |  Create&Market 2015, Los Angeles (United States), Unfunded | B2B marketplace platform for trading | - | - | 30/100 |
7th |  DesignPac 2017, Louisville (United States), Unfunded | Provider of remote web developers and graphic designers for hire | - | - | 28/100 |
8th |  Fixturelite 2014, Phoenix (United States), Unfunded | Listing platform offering multi-category products and services for the enterprise | - | - | 26/100 |
9th |  PepTalk 2019, New York City (United States), Seed | Network of speakers for corporate events and professional development sessions | $2.8M | 24/100 | |
10th |  RentAHuman.ai 2026, San Francisco (United States), Seed | Network connecting individuals to perform physical tasks for automated systems | $500K | 21/100 |
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Paro's Investments and acquisitions
Paro has made no investments or acquisitions yet.
Reports related to Paro
Here is the latest report on Paro's sector:
News related to Paro
Filter this list•
Paro Raises $25M in Series C FundingFinSMEs•Jun 15, 2023•Sierra Ventures, Paro, Top Tier Capital Partners, Madrona and 1 other
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Paro to Provide Finance & Accounting Staff Augmentation Services to BDO Alliance USAPRWeb•Nov 21, 2022•Paro
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Christina Bottis Joins Paro as Chief Commercial OfficerBusiness Wire•Feb 07, 2022•Paro, Coyote Logistics
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Paro raises $10 million to offer corporate finance expertise on demandTechCrunch+•Sep 26, 2019•Paro, Revolution, KGC Capital
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Scout Exchange raises $100 million from Aquent founder’s investment firm; Paro announces funding round; AHSA rebrands VMS; and more in tech roundupStaffing Industry Analysts•Mar 12, 2018•Aquent Scout, Triventures, Paro, Revolution and 1 other
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