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Developer of a cloud based application that grants users access to smartphone's administration. The company uses its cloud service, application and small hardware to give visitors the possibility to purchase a ticket and let themselves in through the entrance gate, thereby allowing facility owners to turn users smartphones into access keys to their premises.
Last updated
In 2024, Parakey's revenue reached $3.2M. The company previously reported $2.5M in 2023. Since its launch in 2014, Parakey has shown consistent revenue growth.
Parakey has not publicly disclosed its valuation. The company has raised $1.8M in total funding to date.
Parakey has raised $1.8M in total funding across 3 rounds, with its most recent round in 2018.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2018 | Funding round | $1.1M | - | - | |
| 2017 | Funding round | $360.5K | - | - | |
| 2016 | Funding round | $360.5K | - | - |
CEO
CEO and Co Founder of Parakey since June 2014 to present. Tech geek that's always looking for new challenges.
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Parakey serves 175K customers.
Parakey employs approximately 28 people as of 2026, down from 31 in 2023. It serves 175K customers that rely on its solutions.
Parakey generates an estimated $3.2M in annual revenue.
Parakey was founded by Eric Franklin.
The CEO of Parakey is Eric Franklin.
Parakey raised $1.8M across 3 rounds.
Parakey has 28 employees.
Parakey is headquartered in Gothenburg, Sweden.
Parakey operates across multiple industries. Browse revenue, funding, and growth data for Parakey in each sector below.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$3.2M(Est.)
Customers
175K
Funding
$1.8M
Avg ACV
$18
Team
28
Founded
2014
| Year | Milestone | Source |
|---|---|---|
| 2024 | Parakey Hit $3.2m revenue in October 2024 | Estimated |
| 2023 | Parakey Hit $2.5m revenue in November 2023 | Estimated |
| 2022 | Parakey Hit $2m revenue in November 2022 | |
| 2021 | Parakey Hit $1.5m revenue in December 2021 | |
| 2021 | Parakey Hit $1.5m revenue in November 2021 | |
| 2021 | Parakey Hit $1.4m revenue in April 2021 | |
| 2020 | Parakey Hit $740k revenue in December 2020 | |
| 2014 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 28 employees (October 2024) | |
| 2023 | Reached 31 employees (November 2023) | |
| 2022 | Reached 25 employees (November 2022) | |
| 2021 | Reached 18 employees (November 2021) | |
| 2021 | Reached 18 employees (April 2021) | |
| 2020 | Reached 16 employees (November 2020) |
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