Parallelz raises $3M to enable developers, with no modifications or SDK, to transform their existing native-mobile apps into fully native-web apps.

June 23, 2022
1 min read

Congratulations to Parallelz on raising an oversubscribed $3M USD Pre-Seed round of funding to build out its software platform that will enable entirely new ways to distribute and discover mobile applications.

Investors in the round included Ed Baker, founder and CEO of AnyQuestion, and former VP of Growth at Uber, Ryan Hoover, founder of Product Hunt and investor at Weekend Fund, Andre Charoo, general partner at Maple VC, as well as pre-seed investors from Global Founders Capital, Play Ventures, Garage Capital, Two Small Fish Ventures. Additional individual investors include Jonathan Lai, general partner at Andreessen Horowitz; Jude Gomila, founder and CEO, Golden; Kyu Lee, president, Com2uS; and Farhan Thawar, vice president of engineering, Shopify.

Parallelz was founded by experienced mobile gaming and software leaders including serial entrepreneurs and technologists from Google, Mozilla, MIT Media Lab, Bridgewater Associates and other top technology companies.

We are so excited about supporting serial entrepreneur and startup veteran, Albert Lai.

By making mobile apps instantly accessible, shareable, and embeddable, Parallelz unlocks new ways for developers and users to drive app adoption – accelerating discovery and virality across multiple digital and social channels. In doing so, Parallelz will help to solve two major business challenges in the mobile ecosystem: increasing customer acquisition costs and inefficient user discovery.

We're thrilled to be part of this revolutionary journey.

Congratulations to the entire Parallelz team on this amazing feat!

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