Parallel (Social/Platform Software) Overview
- Year Founded
-
2017
- Status
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Private
- Employees
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22
- Latest Deal Type
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Later Stage VC
- Latest Deal Amount
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$5.38M
- Investors
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23
Parallel (Social/Platform Software) General Information
Description
Developer of a virtual hangout platform designed to share content with friends. The company's platform allows creating online experiences that are similar to meeting and playing with friends in the real world, as well as enjoying common content, enabling users to communicate easily while sharing time with friends and family in everyday fun activities such as movies, live concerts, and shopping.
Contact Information
Website
www.parallelcorp.comCorporate Office
- TokyoKeyaki House 101
- 3-19-10 Nishiazabu, Minato-ku
- Tokyo, 106-0031
- Japan
Corporate Office
- TokyoKeyaki House 101
- 3-19-10 Nishiazabu, Minato-ku
- Tokyo, 106-0031
- Japan
Parallel (Social/Platform Software) Timeline
Parallel (Social/Platform Software) Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Later Stage VC | 17-Sep-2025 | $5.38M | Completed | Generating Revenue | ||
| 3. Later Stage VC (Series C) | 20-Mar-2024 | Completed | Generating Revenue | |||
| 2. Early Stage VC (Series B) | 10-Jun-2021 | $15.4M | $19.6M | Completed | Generating Revenue | |
| 1. Seed Round | 07-Aug-2020 | $4.28M | $4.28M | Completed | Generating Revenue |
Parallel (Social/Platform Software) Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Class D preferred | ||||||||
| C Preferred Shares | ||||||||
| BB Class Preferred | ||||||||
| Class B Preferred | ||||||||
| AA Class Preferred | ||||||||
| Class A Preferred | 588 | $4677.3 | $4677.3 | 1x | $4677.3 | 16.65% | ||
| Class A shares | 480 | $4677.3 | $4677.3 | 1x | $4677.3 | 13.59% |
VC Exit Predictor
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Opportunity Score
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Exit Type
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Parallel (Social/Platform Software) Comparisons
Industry
Financing
Details
Parallel (Social/Platform Software) Competitors (2)
One of Parallel (Social/Platform Software)’s 2 competitors is Discord, a Venture Capital-Backed company based in San Francisco, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Discord | Venture Capital-Backed | San Francisco, CA | ||||
| Mumble | Venture Capital-Backed | Seoul, South Korea |
Parallel (Social/Platform Software) Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Parallel (Social/Platform Software) Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Parallel (Social/Platform Software) Investors (23)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| NTT DoCoMo | Corporation | Minority | ||
| Adways Ventures | Corporate Venture Capital | Minority | ||
| NTT Docomo Ventures | Corporate Venture Capital | Minority | ||
| Resona Capital | Corporate Venture Capital | Minority | ||
| Shizuoka Capital | Corporate Venture Capital | Minority |
Parallel (Social/Platform Software) FAQs
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When was Parallel (Social/Platform Software) founded?
Parallel (Social/Platform Software) was founded in 2017.
-
Where is Parallel (Social/Platform Software) headquartered?
Parallel (Social/Platform Software) is headquartered in Tokyo, Japan.
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What is the size of Parallel (Social/Platform Software)?
Parallel (Social/Platform Software) has 22 total employees.
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What industry is Parallel (Social/Platform Software) in?
Parallel (Social/Platform Software)’s primary industry is Social/Platform Software.
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Is Parallel (Social/Platform Software) a private or public company?
Parallel (Social/Platform Software) is a Private company.
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What is the current valuation of Parallel (Social/Platform Software)?
The current valuation of Parallel (Social/Platform Software) is .
-
What is Parallel (Social/Platform Software)’s current revenue?
The current revenue for Parallel (Social/Platform Software) is .
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How much funding has Parallel (Social/Platform Software) raised over time?
Parallel (Social/Platform Software) has raised $32.7M.
-
Who are Parallel (Social/Platform Software)’s investors?
NTT DoCoMo, Adways Ventures, NTT Docomo Ventures, Resona Capital, and Shizuoka Capital are 5 of 23 investors who have invested in Parallel (Social/Platform Software).
-
Who are Parallel (Social/Platform Software)’s competitors?
Discord and Mumble are competitors of Parallel (Social/Platform Software).
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