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Parallel18 company logo
Incubator/Accelerator
BUSINESS PRODUCTS & SERVICES | Consulting & Outsourcing / Management & Strategy Consulting
parallel18.com

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Investments

170

Portfolio Exits

11

Partners & Customers

1

About Parallel18

Parallel18 is an economic development initiative that seeks to attract and create high impact startups that can scale from Puerto Rico to global communities beyond the island, including the United States, Latin America and Europe. The mission of the program, operated by the Puerto Rico Science, Technology and Research Trust, is to expand the horizons of Puerto Rican entrepreneurs in the short term and generate long-term economic activity.

Parallel18 Headquarter Location

1250 Avenida Juan Ponce de Leon

San Juan, 00907,

Puerto Rico

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Parallel18 Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Parallel18 Rank

Latest Parallel18 News

Parallel18 announces startups for the third generation of pre18

Sep 18, 2020

Parallel18 announces startups for the third generation of pre18 Shares LatamList – Parallel18 , a Puerto Rican accelerator program, announced the selection of 42 startups for the third cohort of its pre-seed program, Pre18 . Of these 42 companies, 45% are led by a female entrepreneur. Pre18 aims to support early-stage Puerto Rican startups looking to launch through its 12-week program. The program offers both financing and business education resources so that entrepreneurs can fully dedicate themselves to their startup. The successful startups will receive professional mentoring, access to the commercial ecosystem, and continued support from high-level entrepreneurs. They will also receive a $20K grant. “Pre18 has always sought to support entrepreneurs who are using innovation as a means of change to resolve local problems, and with a global reach,” said Eduardo Padial , Operations Director of Parallel18. The selected companies operate in a range of industries, from biotechs to digital commerce. Read more on El Nuevo Dia for the full list of selected startups.

Parallel18 Investments

170 Investments

Parallel18 has made 170 investments. Their latest investment was in Cuela as part of their Incubator/Accelerator on September 9, 2020.

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Parallel18 Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/18/2020

Incubator/Accelerator

Cuela

$0.02M

Yes

1

6/29/2018

Incubator/Accelerator

Snaptivity

$0.04M

Yes

1

6/29/2018

Incubator/Accelerator

Listopro

$0.04M

Yes

1

6/29/2018

Incubator/Accelerator

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$99M

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10

6/29/2018

Incubator/Accelerator

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$99M

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10

Date

9/18/2020

6/29/2018

6/29/2018

6/29/2018

6/29/2018

Round

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Incubator/Accelerator

Company

Cuela

Snaptivity

Listopro

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Amount

$0.02M

$0.04M

$0.04M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

1

10

10

Parallel18 Portfolio Exits

11 Portfolio Exits

Parallel18 has 11 portfolio exits. Their latest portfolio exit was Yaydoo on August 02, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/2/2022

Acquired

$99M

1

6/14/2022

Acquired

$99M

2

4/1/2022

Acq - Fin

$99M

Undisclosed Private Equity Investors

1

3/10/2022

Acquired

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$99M

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10

6/2/2021

Acquired

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$99M

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10

Date

8/2/2022

6/14/2022

4/1/2022

3/10/2022

6/2/2021

Exit

Acquired

Acquired

Acq - Fin

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Undisclosed Private Equity Investors

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Sources

1

2

1

10

10

Parallel18 Partners & Customers

1 Partners and customers

Parallel18 has 1 strategic partners and customers. Parallel18 recently partnered with Google on September 9, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

9/7/2019

Partner

United States

2

Date

9/7/2019

Type

Partner

Business Partner

Country

United States

News Snippet

Sources

2

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