Parallel

Parallel

Online platform for special education services

About Parallel

Simplify's Rating
Why Parallel is rated
B
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Enterprise Software

Education

Company Size

51-200

Company Stage

Series A

Total Funding

$28.9M

Headquarters

New York City, New York

Founded

2020

Overview

ParallelLearning.com focuses on enhancing special education by providing an online platform that connects schools and service providers with expert resources for students with special needs. Their services include live online assessments and support, which help schools manage the growing demand for special education without the need for additional staff. The platform allows schools to easily integrate and onboard students, automate reporting, and improve health support through a centralized technology system. Unlike many competitors, ParallelLearning.com does not impose monthly minimums or student activation fees, making it more accessible for schools. The goal of ParallelLearning.com is to create a comprehensive and flexible ecosystem that supports special education programs effectively, ensuring that students receive the necessary resources and care.

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Simplify's Take

What believers are saying

  • Increased demand for teletherapy services due to U.S. teacher shortages.
  • Expansion into Michigan, Colorado, and Ohio indicates growth potential.
  • Recent executive hires strengthen leadership and strategic direction.

What critics are saying

  • Increased competition from other digital health platforms could impact market share.
  • Rapid expansion may strain resources and affect service quality.
  • Dependence on partnerships poses a risk if disrupted or terminated.

What makes Parallel unique

  • Parallel offers a proprietary platform for special education services and assessments.
  • The company provides rapid onboarding and cost-effective services for schools.
  • Partnership with Pearson Clinical enhances credibility and service offerings.

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Funding

Total Funding

$28.9M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$6.1M
Parallel
$8.2M
Discord
$15M
Canva
$30M
Kalshi

Benefits

Remote Work Options

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

0%
AlleyWatch
Jan 10th, 2024
The AlleyWatch Startup Daily Funding Report: 1/10/2024

Parallel Learning, a provider of telethearpy platform for special education servicesf for K-12 students, has raised $6.125M in Venture funding led by Rethink Impact.

TechCrunch
Jan 9th, 2024
Parallel gets new funding for its teletherapy platform for kids with special needs | TechCrunch

Schools in the United States are already struggling with a teacher shortage. For students with thinking and learning differences, it’s even harder to find

Business Wire
Sep 21st, 2022
Digital Health Platform Parallel Learning Accelerates U.S. Expansion By Adding Three Key Hires To Executive Team To Further Scale And Expand Services

NEW YORK--(BUSINESS WIRE)--Parallel Learning (Parallel), the digital health platform that provides a new way to test, diagnose, and empower students with learning and thinking differences, announced today three new hires to its growing executive team. Dr. A. Jordan Wright, assessment and clinical psychologist and researcher who previously served on Parallel’s advisory board, is joining as Chief Clinical Officer. Armaan Gandhi is joining as Vice President of Marketing, previously Head of Marketing at Cerebral where he oversaw and led the full marketing team at the fast-growing online mental health company. Ryan McFarlane is joining as Senior Vice President of K-12 Revenue, formerly Vice President of Sales at SchoolMint where he led sales and account management for the education software company. Each executive brings extensive knowledge of the digital health and education sectors, and their expertise will position Parallel as a leader in nationwide psychoeducational services for students both in and out of the classroom. Additionally, Parallel today announced rapid growth numbers, a partnership with Pearson Clinical for psychological assessments, and its expansion into Michigan, Colorado and Ohio, with the commitment to add more states to its roster later this year. Parallel has an end-to-end suite of services that go beyond initial psychological evaluations to offer ongoing support to students including specialized tutoring, executive function coaching, behavioral therapy and speech and language therapy. Services are available directly to families in the 33 PSYPACT states (along with California, New York, Texas and Florida) as well as to school districts as part of the company’s enterprise offering. With Parallel, services begin within days, instead of the typical wait of months, and cost a fraction of the price of traditional diagnosis and support. Parallel offers specialized care at a quicker, more convenient and affordable rate compared to traditional care options

PR Newswire
Jun 22nd, 2022
Vine Ventures Closes Fund Ii With $140M For Early Stage Technology Investments, Tripling Fund I

Vine leads the earliest financing rounds of technology companies, investing $1 million to $10 million as a first check. The firm offers hands-on support to founders, which has already resulted in multiple breakouts. Vine's Fund II follows a successful start to Fund I, which was raised in June 2020 and through year end 2021 is reporting a net IRR of 251%. In Fund I, 13 of 16 portfolio companies have raised further funding from Accel, Coatue, Felicis, Founders Fund, General Catalyst, and Tiger Global – with many of these transactions facilitated by Vine's relationships. These include:. TUL, a super-app digitizing the Latin American construction industry that raised a $180 million Series B at an $800 million valuation from Avenir, Dragoneer, Tiger Global, 8VC and Coatue

Business Wire
May 25th, 2022
Digital Health Platform Parallel Learning Announces $20M In Series A Funding To Further Expand And Serve Students With Learning And Thinking Differences

NEW YORK--(BUSINESS WIRE)--Parallel Learning (Parallel)—the digital health platform that provides a new way to test, diagnose, and empower students with learning and thinking differences—today announced $20M in Series A funding and an expansion to its suite of teletherapy services. This round was led by Tiger Global with additional participation from Obvious Ventures, Barry Sternlich’s JAWS and existing investor, Vine Ventures. This news comes only five months after Parallel’s official launch a

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