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Parallel
company
About
Parallel cultivates, produces, and processes cannabis for medical purposes.
- Atlanta,Georgia,United States
- 501 - 1000
- https://www.liveparallel.com/
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- $10M
- Industries
- Cannabis,Health Care,Personal Health,Therapeutics,Wellness
- Founded date
- Jan 2, 2014
- Number Of Employee
- 501 - 1000
- Operating Status
- Active
- Legal Name
- Surterra Holdings, Inc.
- Also Known As
- Surterra Holdings,Surterra,Parallel
Parallel cultivates, produces, and processes cannabis for medical purposes. It also operates a marijuana dispensary. The company's mission is to provide the safest, highest quality cannabis-based products that empower health and enable them to live well.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
8
$365.74M
Parallel has raised a total of
$365.74M
in funding over 2 rounds. Their latest funding was raised on
Dec 8, 2022 from a Debt Financing round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 8, 2022 | Debt Financing | $10M | 1 |
SunStream
|
— | Detail |
| Jan 1, 2021 | Series Unknown | — | 1 | — | — | Detail |
| Jun 27, 2019 | Series D | $100M | 1 |
Edward Brown
|
— | Detail |
| Apr 13, 2019 | Debt Financing | $165.42M | — | — | — | Detail |
| Aug 6, 2018 | Series C | $65M | — | — | — | Detail |
Investments
Number of Investments
Number of Lead Investments
3
1
Parallel has made 3 investments. Their most recent investment was on
Jan 25, 2022, when Atomic Form raised $4.50M.
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Jan 25, 2022
Atomic Form
|
Seed | $4.50M | Cryptocurrency | — |
|
Aug 7, 2020
University of Pittsburgh
|
Grant | $3M | Education | Yes |
|
Nov 13, 2019
Make It Legal Florida
|
Series Unknown | $1.08M | Cannabis | — |
Investors
Number of Lead Investors
Number of Investors
2
3
Parallel is funded by 3 investors.
SunStream
and Edward Brown
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
SunStream
|
Yes | Debt Financing |
|
Edward Brown
|
Yes | Series D |
Poseidon Asset Management
|
— | Series Unknown |
Employee Profiles
Number of Employee Profiles
1
Parallel has 1 current employee profiles, including
Employee Jeffrey Dalton
Employee
Acquisition
Parallel has acquired 3 organizations. Their most recent acquisition was New England Treatment Access on Jan 14, 2019. They acquired New England Treatment Access for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Jan 14, 2019
New England Treatment Access
|
Alternative Medicine | acquisition | — | Detail |
|
Jun 25, 2019
Molecular Infusions
|
Biopharma | acquisition | — | Detail |
|
Apr 1, 2021
Windy City Cannabis
|
Fitness | acquisition | — | Detail |
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