How Much Did Parallel Public Works Raise?
Funding & Key Investors

Parallel Public Works, a technology firm focused on enhancing transparency between public interest organizations and their constituents, has secured $24K in total financing. The company recently closed a funding round of $24K in substantial expansion capital, underscoring its growth trajectory in the civic tech sector. This latest investment follows a previous debt financing of $24M in January 2021.

What is Parallel Public Works?

Parallel Public Works
Business ServicesSoftware TestingContent & Collaboration Software

Parallel Public Works develops software solutions designed to foster greater trust and communication within the public interest sphere. Their primary offering, Cloverleaf, is a robust Website-as-a-Service platform equipped with advanced search, private knowledge bases, secure hosting, and video streaming functionalities. The company has established a strong track record, having partnered with over 100 government agencies, associations, and nonprofits to optimize their online presence and service delivery. Beyond their SaaS product, Parallel Public Works also offers bespoke application development and continuous support, tailoring solutions to meet the specific operational requirements of their diverse clientele.

How much funding has Parallel Public Works raised?

Parallel Public Works has raised a total of $24K across 1 funding round:

2021

Debt

$24K

Debt (2021): $24K with participation from PPP

Key Investors in Parallel Public Works

PPP

Public-Private Partnership

What's next for Parallel Public Works?

With significant Series B/C stage backing and recent expansion capital, Parallel Public Works is strategically positioned for accelerated growth. The substantial investment is expected to fuel further development of their Cloverleaf platform, potentially expanding its feature set to address emerging needs in digital civic engagement. Furthermore, the company may leverage this financing to broaden its market reach, targeting more public interest organizations and government entities seeking to improve their digital infrastructure and community outreach. Continued collaboration with existing clients and the acquisition of new partnerships will likely be key to solidifying their market position and driving innovation in the transparency and trust technology space.

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Frequently Asked Questions Regarding Parallel Public Works Financial Insights

What are the most recent funding rounds that Parallel Public Works has completed, and what were the funding rounds?
Parallel Public Works has recently completed 1 funding rounds: Debt on Jan 23, 2021.
What is the total amount of funding Parallel Public Works has raised to date?
Parallel Public Works has raised a total of $24K in funding to date.
How many funding rounds has Parallel Public Works completed?
Parallel Public Works has completed 1 funding rounds.
How much funding did Parallel Public Works raise in its most recent funding round?
Parallel Public Works raised $24K in its most recent funding round.
Who are the lead investors in Parallel Public Works's latest funding round?
The lead investor in Parallel Public Works's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Parallel Public Works's history?
The largest funding round in Parallel Public Works's history was $24K.
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