# Parallel Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parallel-co

- Industry: Internet
- Headquarters: Tokyo, Japan
- Website: www.parallelcorp.com
- Total disclosed funding: $19M
- Latest round: Series C (Mar 20, 2024)
- Investors on record: 10

## About

Based in Tokyo, Japan, and founded in 2017 by Minoru Aoki and Daiki Toshihara, Parallel Co., Ltd., a.k.a. Parallel operates as a provider of Parallel, an app that lets users talk with friends, creating a space where they can play. In March 2024, Parallel Inc. raised a Series C funding from NTT Docomo Ventures, ADWAYS Ventures, Shizuoka Capital, Yamaguchi Capital, and Resona Capital with participation from Global Brain, JAFCO Group, and Mitsubishi UFJ Capital. In addition, Parallel Inc. also raised venture funding from SPARX Group.

Parallel offers a platform where users can engage in various activities such as playing games, watching videos, and listening to music together, creating an online environment akin to hanging out at a friend's house or classroom after school. The app allows users to foster real-time interaction and engagement, catering especially to Generation Z.

The company plans to use its proceeds from March 2024 funding to acquire human resources, develop functions, and for further business growth.

## Funding rounds

- Series C, Mar 20, 2024, $7.7M — JAFCO Group, Mitsubishi UFJ Capital, Global Brain, Shizuoka Capital, NTT DOCOMO Ventures, Resona Capital, YMFG Capital, ADWAYS Ventures
- Series B, Jun 11, 2021, $11M — JAFCO Group, Mitsubishi UFJ Capital, Global Brain, ANRI, W

## Investors

- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series B, Series C
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series B, Series C
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series B, Series C
- ANRI (https://capitalatlas.ai/funds/anri) — Series B
- W (https://capitalatlas.ai/funds/w) — Series B
- Shizuoka Capital (https://capitalatlas.ai/funds/shizuoka-capital) — Series C
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series C
- Resona Capital (https://capitalatlas.ai/funds/resona-capital) — Series C
- YMFG Capital (https://capitalatlas.ai/funds/ymfg-capital) — Series C
- ADWAYS Ventures — Series C