Parakey raises 28 million - gearing up to meet demand

PropTech company Parakey is stepping up a gear - raising new capital to continue to grow, innovate, digitise and revolutionise both the security and real estate industries.

Before the summer of 2022, Parakey carried out a directed share issue in which Kim and William Olsson from the Stena sphere, the ice hockey professional Mikael Samuelsson, and Henrik Garvner from Signup Software joined as investors. Several existing owners - including Tham Invest, Green Group, Vätterleden Ventures and Bassholmen AB - defended their holdings. In total, the capital raised amounts to SEK 28 million.

"Wonderful to see the belief of our owners, our customers and the market in our solution! Now we will continue full speed ahead to meet the strong demand for mobile access. We will add more people to the team and launch several new products and features to once again revolutionize the market and make it easier, faster and more cost-effective to digitize doors and properties with mobile access", says Parakey's CEO and co-founder Jonas Arvidsson.

Parakey will make its next major product launch on 16 September when it presents the world's smallest access system at Space Arena in Stockholm. The next major launch will take place on 25 October during the security fair SKYDD at the Stockholm Fair.

Parakey currently has over 1000 customers, including several of Sweden's largest real estate companies such as Wallenstam, Corem and Fabege. The mobile access platform has over 280,000 unique users at the time of writing and the number of users is constantly increasing. During the summer alone, 30,000 new users have started unlocking doors, gates and gates with their mobile phones.

With the help of the new capital, Parakey will now grow further and take more market share, but also grow in new markets.

"We entered the Norwegian market at the beginning of 2022, but now it's time to step up the pace further, both in the Nordic region, but also in other international markets. Several countries in Europe are at the forefront of digitalisation and we frequently receive requests for installations outside Sweden," says Jonas Arvidsson.

For more information:

Jonas Arvidsson
CEO, Parakey
jonas@parakey.co
+46
73 183 66 66

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