Diligence memo · auto-generated · as of July 2, 2026
Pargo
Pargo has raised $1.2M over 1 round; too few niche peers to rank its valuation yet.
Businessfiled
Pargo is a private company, based in Cape Town, Africa. SA e-courier startup Pargo raises $1.2m 0 By Gabriella Mulligan on March 23, 2017 News , Southern Africa South African e-courier startup Pargo has closed a ZAR15 million (US$1.2 million) funding round led by SAAD Investment Holdings, with the funds to be used as working capital as the startup expands its services. Pargo is addressing last mile delivery challenges in South Africa by allowing users to send and receive parcels at dedicated pick-up points throughout the country.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Pargo has raised $1.2M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Seed (a $1.0M–$4.0M round).
Largest single filing: $1.2M on 2017-03-23.
Most recent recorded round closed around 2017-03-23.
Valuation (modeled)modeled
Provath models Pargo at approximately $22M (range $1.1M–$175M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Not enough dated financing history to read a financing rhythm.
Comparablesmixed
Capital scale ranks ahead of 98% of sector peers (8525 compared).
Modeled value ranks above 99% of those peers.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.