About Parallel Corp
Parallel Corp is a company based in Minato (Japan) founded in 2017 by Jo Aoki, Taiki Toshihara, Daiki Hara, and Minoru Aoki.. Parallel Corp has raised $7.92 million across 2 funding rounds from investors including KDDI, Resona Group and Shizuoka Financial Group. Parallel Corp offers products and services including Parallel App. Parallel Corp operates in a competitive market with competitors including magicJack, Jaxtr, Boss Revolution, Norwood Systems and Libon, among others.
- Headquarter Minato, Japan
- Founders Jo Aoki, Taiki Toshihara, Daiki Hara, Minoru Aoki
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Sectors
Telecommunications
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Parallel Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.92 M (USD)
in 2 rounds
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Latest Funding Round
$7.92 M (USD), Series C
Mar 21, 2024
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Investors
KDDI
& 7 more
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Employee Count
Employee Count
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Products & Services of Parallel Corp
Parallel Corp offers a comprehensive portfolio of products and services, including Parallel App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App for online interactions with friends via games, videos, and music.
Funding Insights of Parallel Corp
Parallel Corp has successfully raised a total of $7.92M across 2 strategic funding rounds. The most recent funding activity was a Series C round of $7.92 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series C — $7.9M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series C - Parallel Corp | Valuation |
investors |
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| Jun, 2021 | Amount | Seed - Parallel Corp | Valuation | Global Brain |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Parallel Corp
Parallel Corp has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include KDDI, Resona Group and Shizuoka Financial Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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NTT Group backed venture capital fund
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Venture capital is invested in AI, energy, and various sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parallel Corp
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parallel Corp
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parallel Corp Comparisons
Competitors of Parallel Corp
Parallel Corp operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as magicJack, Jaxtr, Boss Revolution, Norwood Systems and Libon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
VoIP based mobile calling app
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| domain | founded_year | HQ Location |
VOIP services for international calls to mobile phones are provided.
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| domain | founded_year | HQ Location |
Prepaid international calling and mobile top-up services are offered.
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| domain | founded_year | HQ Location |
Cost-effective mobile roaming voice, messaging and data services provider
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| domain | founded_year | HQ Location |
Free calls, messages & a visual voicemail
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| domain | founded_year | HQ Location |
Fluently is developed as an AI-based English tutoring platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parallel Corp
Frequently Asked Questions about Parallel Corp
When was Parallel Corp founded?
Parallel Corp was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Where is Parallel Corp located?
Parallel Corp is headquartered in Minato, Japan. It is registered at Minato, Tokyo, Japan.
Is Parallel Corp a funded company?
Parallel Corp is a funded company, having raised a total of $7.92M across 2 funding rounds to date.
What does Parallel Corp do?
Parallel was founded in 2017 in Minato City, Japan, as an online platform in the social gaming sector. Users are allowed to make calls and play games while accessing various contents during interactions with friends. Operations focus on facilitating real-time communication and entertainment features. The platform serves a global audience, with core development based in Japan.
Who are the top competitors of Parallel Corp?
Parallel Corp's top competitors include Boss Revolution, Norwood Systems and Libon.
What products or services does Parallel Corp offer?
Parallel Corp offers Parallel App.
Who are Parallel Corp's investors?
Parallel Corp has 8 investors. Key investors include KDDI, Resona Group, Shizuoka Financial Group, Ntt Docomo Ventures, and Adways Ventures.