Fundraising Fox

Parallel Systems

Los Angeles, US · Founded 2020 · Delaware corporation · 5 known investors

moveparallel.com ↗

Parallel manufactures automated, battery-electric rail vehicles to enable railroads to serve shorter routes and lower-density markets traditionally served by trucking. The company targets railroads as customers and focuses on reducing freight transportation costs, pollution, and road congestion.

CleantechHardwareLogistics & Supply Chainin /parallelsystems

Founders & leadership

JH
John HowardExecutive Officer, Director
JP
Joshua PosamentierDirector
MS
Matthew SouleExecutive Officer, Director

Investors · 5

Congruent VenturesSan Francisco · $100K – $5M
Riot VenturesVenice · $3Mvia Will Coffield · led
Anthos CapitalreportedSanta Monica · $500K – $10M
Collaborative FundreportedNew York · $500K – $1M
Embark VenturesreportedLos Angeles

Reported raises · per SEC filings

Form D private placements
▶$3.8MraisedJul 2020 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • John HowardExecutive Officer, Director
  • Joshua PosamentierDirector
  • Matthew SouleExecutive Officer, Director
Offering amount
$3.8M
Amount sold
$3.8M
First sale
Jun 2020
Incorporated
Corporation, Delaware, 2020
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

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