E-commerce Platform Parker Announces $20M Series B Financing

Gunderson Dettmer represented client Parker, a provider of an e-commerce financial platform, in its $20 million Series B financing led by Valar Ventures. Parker allows e-commerce founders to pay for inventory and other business expenses by offering capital based on merchants’ revenue and cash balance, meaning their financing grows with their business—scaling as they scale. Parker will use the new capital to support the company’s expansion into new product lines, enhance its platform's AI-driven analytics capabilities, deepen integrations with major e-commerce platforms, and invest in strategic hires throughout the organization.

In the announcement of the transaction, the Parker team said, “With this Series B funding, Parker is poised to further solidify its place as the financial command center for eCommerce. We're continuing to build tools that help businesses automate cash management, gain critical financial insights, and access capital that grows with them. Our mission is to increase the number of financially independent people, offering the tools and capital that brands need to scale faster and more profitably than they ever thought possible.”

The Gunderson Dettmer deal team was led by Nick Harley and included Katie Gardner and Melanie Van Antwerp.

Companies
Parker
Valar Ventures