2024 Revenue
$3.2M(Est.)
Customers
175K
Funding
$1.8M
Avg ACV
$18
Team
28
Founded
2014
Parakey Revenue & Funding (2024)
Parakey generated an estimated $3.2M in annual revenue in 2024. Source: GetLatka estimate
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
Parakey Revenue
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.
| 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 | Not recorded |
| 2021 | Parakey Hit $1.5m revenue in November 2021 | Not recorded |
| 2021 | Parakey Hit $1.4m revenue in April 2021 | Not recorded |
| 2020 | Parakey revenue for 2020: $740k | Not recorded |
| 2014 | Launched with $0 revenue |
Parakey Valuation, Funding Rounds
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 | - | - | Not recorded |
| 2017 | Funding round | $360.5K | - | - | Not recorded |
| 2016 | Funding round | $360.5K | - | - | Not recorded |
Founder / CEO
Eric Franklin
CEO
CEO and Co Founder of Parakey since June 2014 to present. Tech geek that's always looking for new challenges.
Customers
Parakey serves 175K customers.
Parakey Employees & Team Size
Parakey employs approximately 28 people as of 2026, down from 31 in 2023. It serves 175K customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 28 employees (October 2024) | Not recorded |
| 2023 | Reached 31 employees (November 2023) | Not recorded |
| 2022 | Reached 25 employees (November 2022) | Not recorded |
| 2021 | Reached 18 employees (November 2021) | Not recorded |
| 2021 | Reached 18 employees (April 2021) | Not recorded |
| 2020 | Reached 16 employees (November 2020) | Not recorded |
Frequently Asked Questions about Parakey
What is Parakey's revenue?
As of 2024, Parakey generated an estimated $3.2M in annual revenue.
Who founded Parakey?
Parakey was founded by Eric Franklin.
When was Parakey founded?
Parakey was founded in 2014.
Who is the CEO of Parakey?
The CEO of Parakey is Eric Franklin.
How much funding does Parakey have?
Parakey raised $1.8M across 3 rounds.
How many employees does Parakey have?
As of 2024, Parakey had 28 employees.
Where is Parakey headquartered?
Parakey is headquartered in Gothenburg, Sweden.
Compare Parakey to the industry
Parakey operates across multiple industries. Browse revenue, funding, and growth data for Parakey in each sector below.
Data and Sources
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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