About Parallel Life
Parallel Life is an Energy & Utilities company based in Canada founded in 2019. It operates as an installation services for multiple electrical equipment are provided. Parallel Life has raised $85 million across 4 funding rounds from investors including Amber Group, VanEck and Base. The company has 23 employees. Its website parallel.life draws about 52 thousand monthly visits. Its focus areas include Energy and Services for Energy Efficiency.
Company details
Parallel was founded in 2019 in Canada, where operations are centered on the electrical services sector. Installation services for various types of electrical equipment are offered through the companys domain, parallel.life. Focus is placed on professional installation processes to support infrastructure needs. Activities are conducted primarily within Canada, addressing requirements for diverse electrical systems in commercial and industrial settings.
- Headquarters Canada
- Employees 23
- SectorsEnergy & Utilities
- Email••••••••
- Website parallel.life
- Social X
- Total Equity Funding$85M (USD)
in 4 rounds
- InvestorsAmber Group
& 19 more
- Employee Count23
Funding Insights of Parallel Life
Parallel Life has successfully raised a total of $85M across 4 strategic funding rounds. 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 $85M
- Total Rounds 4
- First Round $50M
(Oct 2021)
- Investors Count 20
All 4 funding rounds of Parallel Life with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2025 | – | Seed | – | – | – |
| Mar 2025 | – | Seed | – | – | – |
| Mar 2024 | $35M | Seed | – | VanEck, Solana Ventures | |
| Oct 2021 | $50M | Seed | – | OSS Capital |
20 investors in total: 17 institutional and 3 angel.
Investors in Parallel Life
Parallel Life has secured backing from 20 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Amber Group, VanEck and Base.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain projects are funded by this venture capital firm. | – | distributedglobal.com | Los Angeles, United States | |
- | – | theoperatinggroup.tcc.mode | - | |
Solana Ventures is focused on investing in Solana-based companies. | – | solana.ventures | - | |
Early-stage crypto projects in culture and consumer tech are funded. | – | collabcurrency.com | Eugene, United States | |
Advisory, venture capital, and startup services for blockchain are provided. | – | spartangroup.io | Singapore, Singapore | |
Builder Capital is engaged in Web3 investment and partnerships. | – | buildercapital.io | - | |
Early-stage OSS startups are funded by OSS Capital VC firm. | – | oss.capital | San Francisco, United States | |
Early-stage startups are supported by a venture capital-backed accelerator. | – | synergiscap.xyz | Toronto, Canada | |
Venture capital investments are directed toward crypto-assets and Web3 businesses. | – | paradigm.xyz | San Francisco, United States | |
Early-stage investment and advisement are provided by Yunt Capital in the crypto space. | – | yunt.capital | - |
Investor details for Parallel Life
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Parallel Life
3 dated milestones of Parallel Life across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Parallel Life is founded.
- Funding First funding round of $50.0M.
- Funding Latest funding round, Seed,.
Web traffic of Parallel Life
The website of Parallel Life (parallel.life) receives about 52.1K visits a month.
- Monthly visits52.1K
▲ 11.4% vs previous month
Websites whose visitors overlap most with Parallel Life. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| fancraze.com | 100% | 9.6K | #2,318,581 | View details | |
wavebasis.com | wavebasis.com | 98% | – | #464,234 | – |
| exness.com | 94% | 16.9M | #2,196 | View details | |
| gam3s.gg | 88% | 2.9M | #25,024 | View details |
Top companies in Energy Efficiency Solutions
10 companies that operate in the same segment as Parallel Life (Energy Efficiency Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based smart security cameras are manufactured for home use. | 1999 | Provo, Utah, United States | USD 172 M | USD 341.04 M | 11,275 | |
Utility-scale renewable energy projects are developed by Enel X. | 2001 | Boston, Massachusetts, United States | USD 168 M | – | – | |
Renewable energy is supplied via app-based platform by OVO Energy. | 2009 | Bristol, England, United Kingdom | USD 515.61 M | – | – | |
Provider of smart thermostats for commercial and residential applications | 2007 | Toronto, Ontario, Canada | USD 151.52 M | – | – | |
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
End-to-end energy management solutions are provided for utilities worldwide. | 1896 | Zug, Zug, Switzerland | USD 1.03 B | USD 1.17 B | 6,300 | |
IoT and SaaS solutions for building energy management are provided. | 2011 | Munchen, Bayern, Germany | USD 245.02 M | USD 715.19 K | 201 | |
Provider of smart energy management solutions | 2013 | Sunnyvale, California, United States | USD 534.75 M | – | – | |
AI and app-based smart windows are provided for buildings. | 2007 | Milpitas, California, United States | USD 3.71 B | – | – | |
Aerogel-based thermal insulation solutions are provided for energy conservation. | 2001 | United States | USD 198.35 M | USD 271.1 M | 554 |
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Frequently Asked Questions about Parallel Life
Parallel Life was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Parallel Life is headquartered in Canada.
Parallel Life is a funded company, having raised a total of $85M across 4 funding rounds to date. The company's 1st funding round was a Seed of $50M, raised on Oct 2021.
Parallel Life has 23 employees.
Parallel was founded in 2019 in Canada, where operations are centered on the electrical services sector. Installation services for various types of electrical equipment are offered through the companys domain, parallel.life. Focus is placed on professional installation processes to support infrastructure needs. Activities are conducted primarily within Canada, addressing requirements for diverse electrical systems in commercial and industrial settings.
Parallel Life has 20 investors. Key investors include Amber Group, VanEck, Base, GoldenChain, and Anatoly Yakovenko.