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 sectors. The company's integrated platform provides end-to-end tools designed to optimize operations and enhance customer experience for service providers. Parlevel's commitment to innovation in automated retail technology has enabled it to capture a significant market share, supporting businesses in adapting to modern consumer demands for convenience and accessibility.
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.
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. They connect portfolio companies with a curated network of experienced venture investors, exceptional advisors, and active mentors.
Techstars
Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market. 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 its recent major strategic investment and substantial overall capital, Parlevel is poised for accelerated growth and further technological development. The company's focus on providing robust vending and micro-market solutions suggests a strategic push into expanding its service offerings and geographical reach. Future endeavors are likely to involve enhancing its software capabilities, integrating advanced payment systems, and potentially exploring new verticals within the broader food service and convenience industries. This sustained backing indicates strong investor confidence in Parlevel's business model and its capacity to lead innovation in the automated retail space.
See full Parlevel company page
