What is Parlevel?
Founded in 2012 and headquartered in San Antonio, Texas, Parlevel Systems offers comprehensive technology solutions for the vending, micro-market, and coffee, tea, and water delivery service industries. The company's innovative tools are designed to optimize operations and enhance customer experience across various service models. Parlevel's commitment to top-to-bottom solutions positions it as a key player in modernizing the unattended retail and beverage service markets.
How much funding has Parlevel raised?
Parlevel has raised a total of $12.8M across 10 funding rounds:
Other Financing Round
$10K
Angel/Seed
$25K
Other Financing Round
$118K
Unspecified
$830K
Series B
$2.4M
Debt
$2M
Other Financing Round
$2.5M
Private Equity
$1.1M
Series A
$3.5M
Debt
$350K
Other Financing Round (2012): $10K with participation from Pat Condon
Angel/Seed (2012): $25K led by Geekdom Fund
Other Financing Round (2013): $118K supported by Techstars
Unspecified (2013): $830K, investors not publicly disclosed
Series B (2014): $2.4M backed by Geekdom Fund and MITA Ventures
Debt (2015): $2M, investors not publicly disclosed
Other Financing Round (2015): $2.5M led by Geekdom Fund
Private Equity (2017): $1.1M, investors not publicly disclosed
Series A (2017): $3.6M, investors not publicly disclosed
Debt (2020): $350K backed by PPP
Key Investors in Parlevel
Geekdom Fund
Geekdom Fund is a venture capital firm dedicated to connecting entrepreneurs with investors, providing significant support and resources to portfolio companies. They focus on delivering results, with an average of assistance provided every 51 minutes, and have a track record of helping companies raise funding at a rate three times higher than the industry average. Their notable co-investors include top-tier venture capitalists and angel investors, enhancing their credibility and network. The firm targets startups with high growth potential, aiming to transform them into successful enterprises.
MITA Ventures
MITA Ventures employs a technical focus to work with early-stage, high-impact cross-border companies. MITA is based in Mexico City with partners located in Punta Mita, Mexico, San Francisco CA, Phoenix, AZ, and Austin, TX. WE OFFER: NETWORK MITA is the only U.S. venture capital firm offering an expansion platform into Silicon Valley for our Mexico portfolio companies - and into Mexico for our U.S-based portfolio companies. We connect our portfolio companies with our carefully curated network of experienced venture investors, exceptional advisors and active mentors. ACCESS
Techstars
Techstars is a global ecosystem that empowers entrepreneurs to build great businesses. They provide mentorship, funding, and networking opportunities to early-stage companies, helping them accelerate their growth and achieve success.
What's next for Parlevel?
With a major enterprise-level funding context and a recent strategic investment, Parlevel is poised for significant scaling and innovation. The company's focus on technology for vending and micro-markets suggests a strategic direction towards expanding its digital footprint and enhancing its service offerings. Future developments are likely to include advancements in smart vending technology, data analytics for operational efficiency, and broader market penetration. This capital will enable Parlevel to solidify its market leadership and explore new avenues for growth in the evolving food and beverage service technology landscape.
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