When was Parallel founded?

Parallel was founded in 2014 and raised its 1st funding round 4 years after it was founded.

Where is Parallel located?

Parallel is headquartered in Boston, United States.

Who is the current CEO of Parallel?

William Beau Wrigley of Parallel.

How many employees does Parallel have?

As of Apr 30, 2026, the latest employee count at Parallel is 318.

Is Parallel a funded company?

Parallel is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** Conventional Debt round, raised on Oct 16, 2018.

When was the latest funding round of Parallel?

Parallel's latest funding was a $***** Conventional Debt round on Dec 08, 2022, with participation from 1 investor.

Where does Parallel rank among its competitors?

Parallel ranks 12th amongst 143 active competitors, of which 11 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Curio Wellness, which secured $5.27M in Feb, 2026.

Who are the top competitors of Parallel?

Parallel's top competitors include Curio Wellness, Lucid Green and Wana Brands. Among them, Curio Wellness secured the most recent funding round in February, 2026.

Parallel - 2026 Company Profile, Team, Funding & Competitors

Company Details

CLive parallel is a developer of cannabis-based products focused on well being. The company is developing brands focused on the wellbeing, portfolio of brands includes coral reefer, endless summer, float, and surterra wellness.

Website: www.liveparallel.com/
Social

Key Metrics

Founded Year

2014

Location

Boston, United States

Stage

Funding Raised

Latest Funding Round

Conventional Debt, Dec 08, 2022, $*****

Investors

SNDL

Ranked

12^th among 143 active competitors

Employee Count

318 as on Apr 30, 2026

Similar Companies

Curio Wellness & 353 more

View Parallel's full profile

Parallel has raised funding over 2 rounds. Its first funding round was on Oct 16, 2018. Its latest funding round was a Conventional Debt round on Dec 08, 2022 for $*****. 1 investor participated in its latest round. Parallel has 1 institutional investor.

Here is the list of recent funding rounds of Parallel:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 08, 2022	8904129	Conventional Debt	1060153	5719537	7492144	5721673
Oct 16, 2018	5552259	Conventional Debt	4130478	8095477	6070223	2549421

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View details of Parallel's funding rounds and investors

Parallel's employee count trend

Parallel has 318 employees as of Apr 26. Here is Parallel's employee count trend over the years:

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Top competitors of Parallel include Curio Wellness, Lucid Green and Wana Brands. Here is the list of Top 10 competitors of Parallel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Curio Wellness 2014, Baltimore (United States), Series B	Provide medical cannabis for sleep disorders	$30.8M	-	66/100
2nd	Lucid Green 2018, New York City (United States), Series B	Cannabis supply chain solution for transparency, compliance, and efficiency	$17.1M	Silverleaf Venture Partners, HALLEY Venture Partners ... & 7 others	64/100
3rd	Wana Brands 2010, Boulder (United States), Acquired	North America's trusted edibles brand offering classic, quick, and optimal options	-	-	58/100
4th	CV Sciences 2010, Las Vegas (United States), Public	Developer of cannabidiol based medicines	$55K	-	47/100
5th	Aeriz 2015, Dongola (United States), Series A	Manufacturer of cannabis medicine products	$12.9M	-	43/100
6th	Rare Cannabinoid Company 2020, Honolulu (United States), Unfunded	Provider of hemp-based wellness products to improve health	-	-	38/100
7th	GAGE 2017, Adrian (United States), Acquired	Brand of medical cannabis products	$50M	JW Asset Management	36/100
8th	Green Truck 2015, North Berwick (United States), Unfunded	Maine-based cannabis dispensary offering products and services	-	-	35/100
9th	Lake Effect 2016, Portage (United States), Unfunded	Brand of recreational and medical marijuana dispensary	-	-	35/100
10th	Old Route 66 Dispensary i 2020, Springfield (United States), Unfunded	Manufacturer of cannabis medical products	-	-	33/100
12th	Parallel 2014, Boston (United States), Funding Raised	Developer of cannabis based products focused on well being	-	SNDL	31/100