Parker Raises $157M

Parker, a NYC-based charge card for e-commerce, raised $157M in funding.

This included:

  • $31.1M in Series A venture funding led by Valar Ventures, following $5.9M in previously unannounced Seed funding.
  • $70M in debt, comprised of venture debt from Triple Point Capital and warehouse debt from Jefferies. The Jefferies warehouse debt facility includes an uncommitted option to upsize by $50M, for a combined total amount of $120M.

Co-founded by Yacine Sibous and Milan Ray, Parker is a charge card for e-commerce. By combining this with customizable, rolling payments terms, the company gives e-commerce businesses a financing model built for their needs. Parker has seen success across mid-market, internet native retailers in industries like apparel, luxury goods, wellness, skincare, beauty, and food & beverage.

With over $300M in transaction volume since inception, the solution is used by brands like Amour Vert, Italic, SpikeBall, Canopy, and Caraway.