About Parallel18
Parallel18, an accelerator and incubator program founded in 2015, is based in San Juan, Puerto Rico. With a presence in 20 countries, it has supported around 146 startups in sectors like Enterprise Applications, Consumer. As of Jun 2025, Parallel18 has witnessed 10 portfolio exits. Most notable companies in
its portfolio include Yaydoo, GroundBreaker and . The program is backed by a team of 2 people who primarily support Grant (prize money) startups based in United States. Its latest investment was a $700K Seed round in Konvex on Jan 24, 2024, which also saw participation from 500 Global and Avalancha Ventures.
Key Metrics
Founded Year
2015
Location
San Juan, Puerto Rico
Portfolio Companies
Sectors of Investment
Stages of Investment
Grant (prize money) & Seed
Locations of Investment
Parallel18's Portfolio
Parallel18 has a portfolio ofÌý146 companies.Ìý°Õ³ó±ð¾±°ùÌýlatest investmentÌýwas inÌýKonvex(Seed Round) on Jan 24, 2024.ÌýThey have hadÌý5 portfolio exits.ÌýMost notable exits includeÌý,Ìý andÌý.Parallel18's Year-on-Year Investment Trends
Parallel18 has invested in 146 companies over the last 12 years, with an average of 6 new investments annually in the last 10 years. In 2024, it made 1 investment. Its most recent first time investment was in Konvex and most recent follow-on round was in Datawifi.
Year | No. of Investments | ||
|---|---|---|---|
1stÌýRound | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 1 | 0 | 1 |
2022 | 0 | 0 | 0 |
2021 | 0 | 0 | 0 |
2020 | 0 | 1 | 1 |
2019 | 5 | 0 | 5 |
2018 | 17 | 0 | 17 |
2017 | 15 | 0 | 15 |
2016 | 18 | 0 | 18 |
Parallel18's Investments by Stage
Parallel18 has made 54 investments in Grant (prize money) stage with an average round size of $40K and 8 investments in Seed stage with an average round size of $504K.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 54 |
Seed | 8 |
Parallel18's Investments by Sector
Parallel18 has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Retail, HealthTech and High Tech. Notably, it has invested in 117 Tech companies, 72 Enterprise (B2B) companies, 67 Consumer (B2C) companies and at least 54 companies focusing on Software.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Consumer | 27 |
Enterprise Applications | 19 |
Retail | 15 |
HealthTech | 12 |
High Tech | 9 |
Others | 67 |
Parallel18's Investments by Geography
Parallel18 has made most investments in Puerto Rico (18), followed by United States where it has made 11 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Puerto Rico | 18 |
United States | 11 |
Argentina | 10 |
Colombia | 5 |
Mexico | 3 |
Others | 16 |
Parallel18's recent investments
Here are the most recent investments by Parallel18:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 24, 2024 | Colombia | Seed | $700K | 500 Global [+3] | |
2023 | Puerto Rico | Grant (prize money) | $40K | - | |
Mar 05, 2020 | Colombia | Seed | $75K | - | |
2019 | United Kingdom | Grant (prize money) | $40K | - | |
2019 | Puerto Rico | Grant (prize money) | $40K | - |
Acquired companies in Parallel18's Portfolio
Here are Parallel18's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 20, 2023 | - | - | - | |
Nov 04, 2022 | Jul 07, 2017 | Grant (prize money) | $40K | |
Aug 02, 2022 | - | - | - | |
Mar 10, 2022 | - | - | - | |
Feb 09, 2022 | - | - | - |
Team profile of Parallel18
Parallel18 has a team of 2 membersÌýlocated in United States. Parallel18's team does not sit on the board of any company as of now.Co-investors of Parallel18
Over the past 12 years, 85 investors have co-invested in Parallel18's portfolio companies.
- Invested before Parallel18:ÌýStart-Up Chile, 500 Global and 14 others have invested in rounds before Parallel18. There are 10 companies where Start-Up Chile has invested before Parallel18 and 1 company where 500 Global has invested before Parallel18.
- Top Co-investors of Parallel18:Ìý13 investors entered a company along with Parallel18. These include investors like Invariantes Fund (1 company).
- Invested after Parallel18:ÌýA total of 56 investors have invested in Parallel18's portfolio after their investments. Top Investors include MassChallenge (4 companies) and Start-Up Chile (2 companies).
Recent News related to Parallel18
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The Sociable•Apr 02, 2024•Parallel18
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Contxto•Aug 11, 2023•Parallel18
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News is My Business•Dec 05, 2017•Parallel18
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News is My Business•Aug 10, 2017•Parallel18,
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