Invested in Yellow Canary.
How we help.
GOVERNANCE
- Parc, through its board influence, assists founders in adding rigour to reporting and decision-making in their business.
- This rigour through our investment adds value by freeing up your time, assisting the business make decisions, and at exit by giving future shareholders confidence in the quality of systems, processes, and financial performance.
STEWARDSHIP
TECH ENABLEMENT
- Parc’s view of technology enablement is to assist founders scale and optimise their businesses through lighter weight business models.
- We also assist you collect the right data, and manage insights to better inform and speed up decision making, keeping your business nimble.
- Our heritage and wide network of experts may also assist each of our companies.
M&A
MINORITY INTEREST
- Parc does not require control positions in its companies, unlike many traditional investment firms.
- Our fund and co-investment model provides you with greater flexibility, allowing for longer term capital to scale as needed.
- This flexible capital further enables founders and parc to build a long-term partnership.
FOUNDER
ENHANCEMENT
Parc Investment
2022Investment source
Fund and co-investmentInvestment use
Growth capitalKey milestones
Overview.
Yellow Canary assists its large enterprise clients reach and maintain payroll compliance. It’s proprietary automated platform analyses large datasets from multiple sources efficiently and accurately, assisting its clients to meet their obligations relating to wages and salaries, payroll tax, long service leave, and superannuation.
Why we invested.
The tightening regulatory environment including higher risks of non-compliance will drive industry tailwinds. Parc identified Yellow Canary as first-to-market with an ongoing compliance tool that is difficult to replicate, underpinning growth and the investment opportunity.
Why Yellow Canary chose us.
Yellow Canary enjoyed Parc’s engagement and responsiveness to understand the business quickly and provide insights. Parc’s stewardship and network were also attractive alongside the flexibility of a minority ownership.
See the companies we’ve backed.
