Paro Raises $25M in Series C Funding


Paro, a Chicago, IL-based AI-powered marketplace for on-demand finance and accounting expertise, raised $25M in Series C funding.

The round, which brought the total amount to $67M, was led by Top Tier Capital Partners, with participation from existing investors Madrona Venture Group, Revolution Ventures, and Sierra Ventures. Garth Timoll, Sr., Managing Director at Top Tier Capital Partners, who has joined the Paro board of directors. 

The company intends to use the funds to further develop its platform supporting freelance experts and continue its expansion with enterprise clients.

Led by CEO Anita Samojednik, and CSO Michael Burdick, Paro is an AI-powered marketplace that delivers finance and accounting solutions to businesses through a combination of expert fractional talent, data-driven tools and guiding insights. By leveraging people and technology, the platform provides flexible options, ranging from transaction processing support to corporate development and financing strategy, to solve core business challenges and drive growth. It also offers its network of finance experts the tools and insights they need, including marketing, business development, and back-office support, to pursue meaningful work on their own terms.