Insights

Growing Sharing Economy Parachut is positioned within the expanding sharing economy, offering a platform for consumers and businesses to access high-end gear without ownership. Partnering with companies in related sectors such as device rental, equipment sharing, or subscription services presents a significant opportunity to cross-promote and expand customer bases.

Targeted Enterprise Market The company's focus on providing professional-grade equipment to creative teams indicates a potential sales avenue with corporate clients, photography studios, advertising agencies, and event planners seeking cost-effective access to premium tools on-demand.

Subscription Model Expansion Parachut's subscription-based model appeals to consumers seeking flexible access to technology and gear. Offering complementary services such as premium accessories, extended rental periods, or bundled experiences could enhance revenue streams and attract a broader user base.

Sustainability Focus Parachut emphasizes reducing overconsumption by promoting sharing of unused resources. Collaborating with eco-conscious brands, sustainability initiatives, or green technology providers provides an avenue for joint marketing efforts and appealing to environmentally aware consumers and businesses.

Tech Integration Opportunities Utilizing the company's tech stack and data analytics can identify high-demand products and user behavior patterns, creating opportunities for targeted marketing, personalized offers, and strategic partnerships with related technology providers in the consumer electronics or sharing platform sectors.

Parachut Tech Stack

Parachut uses 8 technology products and services including Curalate, Squarespace, JSON-LD, and more. Explore Parachut's tech stack below.

  • Curalate
    Analytics
  • Squarespace
    Content Management System
  • JSON-LD
    Javascript Frameworks
  • imagesLoaded
    Javascript Libraries
  • Cloudways
    Platform As A Service
  • Quantcast
    System Analytics & Monitoring
  • Contact Form 7
    Web Platform Extensions
  • GeneratePress
    Web Platform Extensions

Media & News

Parachut's Email Address Formats

Parachut uses at least 1 format(s):
Parachut Email FormatsExamplePercentage
First@parachut.coJohn@parachut.co
50%
First@parachut.coJohn@parachut.co
50%

Frequently Asked Questions

Where is Parachut's headquarters located?

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Parachut's main headquarters is located at 852 West 1500 North Lehi, Utah 84043 United States. The company has employees across 1 continents, including North America.

What is Parachut's stock symbol?

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Parachut is a publicly traded company; the company's stock symbol is PARUSD.

What is Parachut's official website and social media links?

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Parachut's official website is parachut.co and has social profiles on LinkedIn.

What is Parachut's NAICS code?

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Parachut's NAICS code is 334 - Computer and Electronic Product Manufacturing.

How many employees does Parachut have currently?

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As of February 2026, Parachut has approximately 11 employees across 1 continents, including North America. Key team members include President & Co-Founder: M. N.Manager Of Sales: M. Y.Investor / Advisor: P. A.. Explore Parachut's employee directory with LeadIQ.

What industry does Parachut belong to?

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Parachut operates in the Computers and Electronics Manufacturing industry.

What technology does Parachut use?

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Parachut's tech stack includes CuralateSquarespaceJSON-LDimagesLoadedCloudwaysQuantcastContact Form 7GeneratePress.

What is Parachut's email format?

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Parachut's email format typically follows the pattern of First@parachut.co. Find more Parachut email formats with LeadIQ.

When was Parachut founded?

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Parachut was founded in 2016.

Parachut

Computers and Electronics ManufacturingUtah, United States11-50 Employees

By sharing quality, unused resources for others to access,
Parachut is leading the future in responsible consumerism.

The sharing economy exemplified by companies like Airbnb is getting pushed to another level. Parachut.co, the brainchild of Philip and Melissa Niu, is setting a new bar with The Access Economy, which experts are validating as a catalyst that will change the face of consumerism and ownership in industries all over the world.
 
The Access Economy is the private and protected way for consumers and businesses to get and experience what they want, when they want it, for as long as they want. A BMW one day and a Prius the next? No problem! A creative team that needs the newest photographic equipment for business? Parachut is the smart way to equip them with the latest gear without the hassles of ownership or upgrades.
 
Parachut offers two paths; Access or Share. 

As a Parachut Access Member, you can apply the points in your desired monthly membership plan to the products you want, wherever you are. For Parachut Contributors who share, it’s the next and greatest way to amortize and leverage the expensive or seasonal goods you are grateful to have but reluctant to maintain and store day to day.
 
The number of storage units in America has surpassed the amount of McDonald’s and Starbucks locations combined. It’s time to reduce the clutter through overconsumption. It’s time to share. Parachut has laid the foundation to forge a more responsible, efficient way to share and access the gear we already love. Send your cameras and photographic equipment to Parachut today. Sign up for membership to enjoy the products and experiences you want most in return.
 
The days of rabid consumerism are over. The Access Economy is here. 

"Parachut is a newly launched camera equipment service that promises to provide all the gear you could want, for as long as you want, by paying a monthly subscription."​ -Digital Rev

Section iconCompany Overview

Headquarters
852 West 1500 North Lehi, Utah 84043 United States
Stock Symbol
PARUSD
NAICS Code
334 - Computer and Electronic Product Manufacturing
Founded
2016
Employees
11-50

Section iconFunding & Financials

  • $1M

    Parachut's revenue is estimated to be in the range of $1M

Section iconFunding & Financials

  • $1M

    Parachut's revenue is estimated to be in the range of $1M

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