Parallel offers a combined product-and-service finance platform that connects accounting and modeling tools to deliver an always-current, auditable forecast alongside a dedicated fractional CFO. Its core features include live models built from integrations with tools like QuickBooks and Puzzle, AI-assisted workflows for data hygiene and scenario modeling, and expert oversight to validate assumptions and prepare investor and board materials. Parallel targets early-stage, VC-backed B2B SaaS companies from pre-seed through Series A and aims to serve as an FP&A backbone as teams scale. The company planned to use proceeds from its $2.4M seed to speed product development, expand its network of fractional CFOs, and deepen platform integrations. Customer testimonials in the announcement cited faster due diligence and clearer, confident decision-making as early outcomes of the product. Renato Villanueva is the company cofounder and CEO, and the company is based in Salt Lake City.

Total raised

$4M

Funding rounds

2

Latest round

Seed

Latest activity

Jul 2026