Parallel

Deal Snapshot

Company: Get Parallel, Inc.

Website: getparallel.com

Sector / Category: Strategic finance software / FP&A + financial forecasting for startups

Headquarters: Lehi, Utah, USA

Founded: 2023

Investor: Frazier VC

Investment Vehicle: Fund IV

Deal Type: Primary

Company Overview

Parallel is strategic finance software built for startup founders to help them make faster, more confident decisions using a financial forecast they can trust. The platform focuses on runway and burn clarity, scenario planning for hiring and spend, and generating investor-ready outputs without constantly rebuilding spreadsheet models. Parallel is designed to simplify FP&A workflows for early-stage teams and provide real-time financial clarity for planning and fundraising.

Public Funding / Capital Events

Aug 29, 2023 — $1.85M Pre-Seed raised

Parallel announced a $1.85M pre-seed round. Public reporting lists Penny Jar Capital as a leader, with participation from Peak Capital, the Frazier VC, Convoi Ventures, and leaders from Divvy.

Oct 9, 2025 — $2.4M Seed raised

Parallel announced a $2.4M seed round to launch its AI-native forecasting platform and a network of fractional CFOs for startups.

Investment Summary

Frazier VC Fund IV invested in Parallel in 2023 through a primary investment, reflecting conviction in the company’s mission to bring financial clarity and forecasting discipline to startup operators. Parallel’s product direction aligns with long-term demand for scalable, software-driven infrastructure that helps teams plan runway, hiring, and fundraising decisions with confidence.

Why We Invested

Frazier VC invested in Parallel because we believe the company is positioned for strong growth in a large market where early-stage teams increasingly need better financial visibility and planning systems. Parallel’s platform is scalable and purpose-built for founders, replacing fragile spreadsheet workflows with intuitive forecasting, scenario planning, and investor-ready outputs. We also value the company’s differentiation in simplifying FP&A for startups and embedding itself into critical decision-making workflows, creating meaningful product stickiness over time. Finally, we prioritize strong leadership teams, and Parallel’s execution focus and operator-first approach made it a compelling investment for Fund IV.

Other Investors

Penny Jar Capital

Peak Capital

Convoi Ventures

Background Capital

Mintaka

Tokyo Black

Night Capital

Path Ventures