Parallel (Healthcare) Overview
Founded
2014
Status
Private
Employees
1,700
Latest Deal Type
Series D
Latest Deal Amount
$120M
Investors
4
Parallel (Healthcare) General Information
Description
Developer and retailer of medical products intended to empower health and well-being. The company offers a diverse portfolio of high-quality, proprietary brands available in a variety of footprints, including flower, pre-rolls, vaporizer pens, tinctures, oral sprays, topical creams, time-released transdermal patches, soft gels, and cannabis-infused products, enabling consumers to improve the quality of lives through the benefits of cannabinoids.
Contact Information
Website
Formerly Known As
SH NewCo, Surterra Wellness
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Other Pharmaceuticals and Biotechnology
Other Industries
Other Consumer Non-Durables
Internet Retail
Primary Office
- 55 Ivan Allen Junior Boulevard North West
- Suite 900
- Atlanta, GA 30308
- United States
+1 (850) 000-0000
Parallel (Healthcare) Timeline
Parallel (Healthcare) Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 7. Later Stage VC (Series D) | 27-Jun-2019 | $120M | 00000 | Completed | Generating Revenue | |
| 6. Debt - General | 16-Oct-2018 | 00000 | Completed | Generating Revenue | ||
| 5. Corporate (Series C) | 06-Aug-2018 | 0000 | 000.00 | 00000 | Completed | Generating Revenue |
| 4. Early Stage VC | 25-Sep-2017 | 000.00 | Completed | Generating Revenue | ||
| 3. Early Stage VC (Series B) | 11-Dec-2016 | 0000 | 000.00 | Completed | Startup | |
| 2. Early Stage VC (Series A) | $9M | $9.8M | Completed | Startup | ||
| 1. Seed Round | 01-Jan-2014 | $800K | $800K | Completed | Startup |
Parallel (Healthcare) Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series C | 00,000,000 | 00.000000 | 00 | 00.00 | 00.00 | 00 | 00.00 | 00.00 |
| Series B | 00,000,000 | 00.000000 | 000 | 00.00 | 00.00 | 00 | 00.00 | 00.000 |
| Series BB | 0,000,000 | 00.000000 | 000 | 00.00 | 00.00 | 00 | 00.00 | 0.00 |
| Series A-4 | 000,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 0.000 | |
| Series A-3 | 00,000 | 00.000000 | 00.00 | 00.00 | 00 | 00.00 | 0.000 | |
| Series A-2 | 604,100 | $0.001000 | $1.74 | $1.74 | 1x | $1.38 | 1.54% | |
| Series A-1 | 370,000 | $0.001000 | $0.5 | $0.5 | 1x | $0.5 | 0.75% |
Parallel (Healthcare) Competitors (6)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Acreage Holdings | Private Equity-Backed | New York, NY | 000 | 0000 | 000000000 | 0000 |
| 000000 | Formerly VC-backed | Culver City, CA | 0000 | 00000 | 000000000 | 00000 |
| 00000 00000 000000 | Private Equity-Backed | Chicago, IL | 000 | 000000000000 | ||
| 00000000 00000000 | Corporate Backed or Acquired | Vancouver, Canada | 0000 | 000.00 | 000000000 | 000.00 |
| 00000000 | Private Equity-Backed | Wakefield, MA | 0000 | 00000 | 000000000 | 00000 |
Parallel (Healthcare) Executive Team (14)
5 Former Executives
Parallel (Healthcare) Board Members (11)
| Name | Representing | Role | Since |
|---|---|---|---|
| Edward Brown | Parallel (Healthcare) | Chief Brand Officer & Board Member | 000 0000 |
| James Holmes III | Self | Chief Strategy Officer & Board Member | 000 0000 |
| James Whitcomb | Parallel (Healthcare) | Chief Development Officer & Board Member | 000 0000 |
| Jason Becker | Parallel (Healthcare) | Board Member | 000 0000 |
| Kevin Fisher | Parallel (Healthcare) | Chief Operating Officer & Board Member | 000 0000 |
4 Former Board Members
Parallel (Healthcare) Investors (4)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|---|---|---|---|---|
| Patron Spirits | Other | Minority | 000 0000 | 000000 0 | |
| Wychwood Asset Management | Asset Manager | Minority | 000 0000 | 000000 0 | |
| New World Health | Family Office | Minority | 000 0000 | 000000 0 | |
| Valkyrie Capital | Venture Capital | Minority | 000 0000 | 000000 0 |
Parallel (Healthcare) Acquisitions (3)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| 000000000 00000000 | 25-Jun-2019 | 000000000000000000 | Drug Discovery | 0000000 0000000 00. | |
| 000 0000000 000000 | 21-Jun-2019 | 000000000000000000 | Other Healthcare Services | 0000000 0000000 00. | |
| The Apothecary Shoppe (Las Vegas) | 11-Dec-2018 | Merger/Acquisition | Pharmaceuticals | 0000000 0000000 00. |
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Parallel (Healthcare) Subsidiaries (3)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Molecular Infusions | Drug Discovery | Franklin, MA | 2016 |
| 000 0000000 000000 | Other Healthcare Services | Brookline, MA | 0000 |
| 000 0000000000 000 | Pharmaceuticals | Las Vegas, NV | 0000 |