Parakey
2024 Revenue
$3.2M
Customers
175K
Funding
$1.8M
YOY
24.3%
Avg ACV
$18
Team
28
Founded
2014
How Parakey CEO Eric Franklin grew Parakey to $3.2M revenue and 175K customers in 2024.
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 |
|---|---|
| 2024 | Parakey Hit $3.2m revenue in October 2024 |
| 2023 | Parakey Hit $2.5m revenue in November 2023 |
| 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 |
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 |
|---|---|---|---|---|
| 2018 | Funding round | $1.1M | - | - |
| 2017 | Funding round | $360.5K | - | - |
| 2016 | Funding round | $360.5K | - | - |
Parakey Employees & Team Size
Parakey employs approximately 28 people as of 2026, down from 31 in 2023.
Parakey has 28 total employees in different roles and functions. They have 175K customers that rely on the company's solutions.
| Year | Milestone |
|---|---|
| 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) |
Founder / CEO
Eric Franklin
CEO and Co Founder of Parakey since June 2014 to present. Tech geek that's always looking for new challenges.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Parakey acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Parakey
What is Parakey's revenue?
Parakey generates $3.2M in revenue.
Who founded Parakey?
Parakey was founded by Eric Franklin.
Who is the CEO of Parakey?
The CEO of Parakey is Eric Franklin.
How much funding does Parakey have?
Parakey raised $1.8M.
How many employees does Parakey have?
Parakey has 28 employees.
Where is Parakey headquarters?
Parakey is headquartered in Gothenburg, Sweden.
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Compare Parakey to the industry
Parakey operates across multiple industries. Browse revenue, funding, and growth data for Parakey in each sector below.
Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .