Chicago-based fintech start-up Paro has secured $25 million in Series C funding, bringing its total funding raised to $67 million. The funding round was led by Top Tier Capital Partners and included participation from existing investors Madrona Venture Group, Revolution Ventures, and Sierra Ventures. Paro operates an AI-led marketplace that provides finance and accounting solutions to businesses, offering transaction processing support, corporate development, financing strategy, and more. The company plans to use the new funding to accelerate growth, expand its client base, and further develop its platform.
Facts
- Paro has raised $25 million in Series C funding, bringing its total funding to $67 million.
- The funding round was led by Top Tier Capital Partners, with participation from existing investors Madrona Venture Group, Revolution Ventures, and Sierra Ventures.
- Paro operates an AI-led marketplace that delivers finance and accounting solutions to businesses.
- The platform offers features such as transaction processing support, corporate development, and financing strategy.
- Paro plans to use the funding to accelerate its growth with existing clients and expand its platform to more businesses.
- Anita Samojednik, CEO of Paro, highlights the importance of accessing on-demand experts with specialized financial knowledge within timing and cost constraints.
- Paro helps small businesses and large enterprises quickly access flexible and dynamic talent to achieve their goals.
