Parabol builds retrospective and incident post-mortem meeting software for agile development teams. Its product collects notes on what to start, stop, and keep, automatically aggregates them by topic, and lets users vote to choose takeaways, enabling asynchronous team alignment. The company grew via a freemium model and has reached 100,000 users; usage spiked during COVID from 600 new users per week in January 2020 to 5,000 per week in March 2020. Parabol recorded 20–40% month-over-month growth in 2018–2019 and runs a lean team of 10 employees, planning to grow to about 30 over the next roughly 24 months. The startup aims to quadruple revenue this year and triple it in 2022, and to scale to 500,000 users this year and one million by the end of next year. Founded in 2015, Parabol emphasizes targeted hiring and conservative capital use rather than blitzscaling. Parabol provides a mobile-ready SaaS application that enables in-house and remote development teams to conduct retrospective meetings and check-ins. The app encourages participants to openly share recent experiences, issues and concerns within a safe and inclusive space. Parabol is led by CEO and Founder Jordan Husney. Over 500 organizations, including dozens of major corporations, currently use Parabol. The company plans to use the new funding to further enhance user experiences and to expand its sales, marketing and product teams. Parabol’s product emphasizes building genuine connections and work culture independent of physical location.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Mar 2021