# Parabol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parabol

- Industry: Software
- Headquarters: Alhambra, US
- Website: www.parabol.co
- Total disclosed funding: $12M
- Latest round: Series A (May 22, 2023)
- Investors on record: 6

## About

Based in California, US, and founded in 2015, Parabol, Inc. provides a remote retrospective and meeting app that generates automatic insights about team performance from online collaboration activity for the computer software industry. As of March 2021, Jordan Husney is the CEO of the company and has 10 employees. The company has been able to raise USD 8 million in a venture round after reaching 100,000 agile meeting software users in March 2021. The company observed a growth of 20% to 40% each month in 2018 and 2019. Overall, Parabol has raised a total of USD 12.6 million in venture funding over 5 rounds. In March 2021, the company raised its latest funding from a Series A round where Microsoft’s venture capital arm, M12, led the deal along with the participation of Haystack, CRV, and Techstars. 

The firm currently provides retrospectives, check-ins, Sprint Poker, retrospective templates, and estimation techniques that integrate with Atlassian Jira, GitHub and Slack. Sprint Poker is an estimation tool that gets integrated with Jira offering backlog refinement meetings and agile planning for remote teams.

The company’s revenue is generated by providing personal, pro and enterprise-level services related to its products to the customers. The company bills monthly. However, the first invoice is sent immediately after upgrading to a Pro or Enterprise account. 

The company plans to quadruple its revenue in 2021 and triple it in 2022. Also, the company plans to increase its users from 100,000 to 500,000 in 2021 and touching the one million mark by 2022. The company is also planning to increase its employees from 10 to 30.

## Funding rounds

- Series A, May 22, 2023 — TRAC
- Series A, Mar 2, 2021, $8M — CRV, Techstars, M12, Haystack
- Seed, Nov 5, 2019, $4M — CRV, Haystack, Slack Fund

## Investors

- CRV (https://capitalatlas.ai/funds/crv) — Seed, Series A
- Haystack (https://capitalatlas.ai/funds/haystack) — Seed, Series A
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- M12 (https://capitalatlas.ai/funds/m12) — Series A
- TRAC (https://capitalatlas.ai/funds/trac) — Series A