Parker, a NYC-based cost card for e-commerce, raised $157M in funding.
This included:
- $31.1M in Sequence A enterprise funding led by Valar Ventures, following $5.9M in beforehand unannounced Seed funding.
- $70M in debt, comprised of enterprise debt from Triple Level Capital and warehouse debt from Jefferies. The Jefferies warehouse debt facility consists of an uncommitted choice to upsize by $50M, for a mixed whole quantity of $120M.
Co-founded by Yacine Sibous and Milan Ray, Parker is a cost card for e-commerce. By combining this with customizable, rolling funds phrases, the corporate offers e-commerce companies a financing mannequin constructed for his or her wants. Parker has seen success throughout mid-market, web native retailers in industries like attire, luxurious items, wellness, skincare, magnificence, and meals & beverage.
With over $300M in transaction quantity since inception, the answer is utilized by manufacturers like Amour Vert, Italic, SpikeBall, Cover, and Caraway.
FinSMEs
16/03/2023
