Parallel Raises $2.4M Seed Round 

We’re excited to announce that Parallel has raised a $2.4 million seed round to accelerate our mission of making CFO-level financial clarity available to every founder from day one.

This round was led by Background Capital, Tokyo Black, and NightCapital.

Why We Started Parallel

Most early-stage startups don’t fail because they lack vision, they fail because they run out of runway without seeing it coming. Founders are forced to juggle chaotic spreadsheets, investor demands, and high-stakes financial decisions, often without finance expertise or a CFO on the team.

Parallel was built to change that. We give founders a fractional CFO in software form: a platform that delivers live forecasting, proactive scenario modeling, and board-ready financials in days, not months.

With Parallel, founders can:

• Model fundraising scenarios with confidence.

• Track runway and growth levers in real time.

• Share investor-ready models instantly.

• Focus on building their company, not building spreadsheets.
  
  
  

What This Funding Means

With this new capital, we’re doubling down on building the AI-native FP&A system for startups. Today, founders use Parallel as their fractional CFO. Tomorrow, we’ll be the financial system of record that powers companies from seed through IPO.

Specifically, this round will help us:

• Grow the engineering and product teams to expand our forecasting capabilities.

• Build out deeper integrations with accounting and revenue platforms.

• Support more early-stage founders as they raise, plan, and scale with confidence.
  
  
  

A Big Thank You

We couldn’t have reached this milestone without the belief and support of our customers, who trusted Parallel to guide them through some of their most important financial decisions. Your feedback and partnership shape everything we build.

We’re also deeply grateful to our investors for their conviction in our mission, and to our small but mighty team at Parallel who are obsessed with building the future of startup finance.

The Road Ahead

Our vision is simple: finance should never be the reason a startup fails. With Parallel, every founder can have the clarity, confidence, and tools to make smarter decisions and close rounds faster.

This $2.4M seed is just the beginning, and we’re excited to build alongside the next generation of ambitious founders.

 Want to see what Parallel can do for your startup? Get a Demo