Parallelz Overview

  • Year Founded
  • 2021

Year Founded

  • Status
  • Private

  • Employees
  • 5

Employees

  • Latest Deal Type
  • Early Stage VC

  • Investors
  • 18

Parallelz General Information

Description

Developer of a technology platform designed to amplify human creative output and create a better internet for everyone. The company builds a computing architecture platform that enables new ways of delivering, distributing, and discovering mobile applications, enabling developers, with no modifications or software development kit (SDK), to transform their existing native-mobile apps into fully native web applications.

Contact Information

Website
www.parallelz.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Toronto, Ontario M5V 3L9
  • Canada
Primary Industry
Business/Productivity Software
Other Industries
Software Development Applications
Vertical(s)
Mobile
Corporate Office
  • Toronto, Ontario M5V 3L9
  • Canada

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Parallelz Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC 01-Feb-2024 Completed Generating Revenue
2. Seed Round 22-Jun-2022 Completed Generating Revenue
1. Accelerator/Incubator 01-Jan-2021 $50K $50K Completed Generating Revenue
To view Parallelz’s complete valuation and funding history, request access »

VC Exit Predictor

See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.

Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

Evaluates the likelihood of a successful exit for investors, and the most likely exit type.

Request a free trial

Parallelz Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a technology platform designed to amplify human creative output and create a better internet for everyone.
Business/Productivity Software
Toronto, Canada
5 As of 2022

Wellesley, MA
 

Dhaka, Bangladesh
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Parallelz Competitors (4)

One of Parallelz’s 4 competitors is GoNative.io, a Formerly VC-backed company based in Wellesley, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
GoNative.io Formerly VC-backed Wellesley, MA
Appilix Corporation Dhaka, Bangladesh
Appy Pie Formerly Accelerator/Incubator backed Walnut, CA
Native AI Venture Capital-Backed New York, NY
To view Parallelz’s complete competitors history, request access »

Parallelz Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Parallelz Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds
Andreessen Horowitz Venture Capital Minority
Com2uS Corporation Minority
Newman Capital Venture Capital Minority
Shopify Corporation Minority
Angel (individual) Minority
You’re viewing 5 of 18 investors. Get the full list »

Ready to get started?

Request a free trial

Parallelz FAQs

  • When was Parallelz founded?

    Parallelz was founded in 2021.

  • Where is Parallelz headquartered?

    Parallelz is headquartered in Toronto, Canada.

  • What is the size of Parallelz?

    Parallelz has 5 total employees.

  • What industry is Parallelz in?

    Parallelz’s primary industry is Business/Productivity Software.

  • Is Parallelz a private or public company?

    Parallelz is a Private company.

  • What is Parallelz’s current revenue?

    The current revenue for Parallelz is .

  • How much funding has Parallelz raised over time?

    Parallelz has raised $3.05M.

  • Who are Parallelz’s investors?

    Andreessen Horowitz, Com2uS, Newman Capital, Shopify, and are 5 of 18 investors who have invested in Parallelz.

  • Who are Parallelz’s competitors?

    GoNative.io, Appilix, Appy Pie, and Native AI are competitors of Parallelz.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process