Tech Company Financing Transactions
Parachute Funding Round
Parachute closed a $30 million Series C funding round on 6/28/2018. Investors included H.I.G. Capital, Daher Capital and Grace Beauty Capital.
Transaction Overview
Company Name
Announced On
6/28/2018
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Series C
Investors
Proceeds Purpose
The company said the new round of funding will accelerate the brand's retail expansion plans and help to drive product innovation and category expansion as Parachute invests more in technology and beefing up its supply chain.
Company Information
Company Status
Private & Independent
Industry
Consumer
Mailing Address
Undisclosed
Los Angeles, CA 90049
USA
Los Angeles, CA 90049
USA
Phone
Website
Email Address
Overview
Our bedding is made of the finest long-staple Egyptian cotton, combed with precision to remove all impurities and dyed naturally in a process that surpasses the highest safety and environmental protection standards.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Ariel Kaye
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