Parallel18

2015

Founded

13

Investments

United States

Offices

Venture Fund

Investor Type

About

Parallel18 is an international innovation hub headquartered in San Juan, Puerto Rico, dedicated to fostering economic and social growth by supporting underrepresented founders globally. Established in 2015 as a program of the Puerto Rico Science, Technology, and Research Trust, Parallel18 offers a range of initiatives designed to empower entrepreneurs at various stages of their journey. These initiatives include pre-acceleration programs for local startups, a five-month acceleration program for international startups, and a post-acceleration growth program.

Through these programs, Parallel18 provides grants, high-quality business training, mentorship, and access to a vast network of investors and corporate partners. Over the years, the organization has supported more than 400 startups, distributed $13.7 million in grants, and facilitated a total investment raise of $210 million. Notable alumni include BrainHi, Syrona Health, and Wisboo.

Parallel18 is also recognized for its initiative #workhardplaytropical, emphasizing the vibrant entrepreneurial ecosystem in Puerto Rico.

Portfolio Companies

BrainHi, Syrona Health, Wisboo

Gepgraphic Focus

Puerto Rico, International

Key Differentiators

Comprehensive support from pre-acceleration to post-acceleration stages, Strong network of over 600 investors and 75 corporate partners, Focus on underrepresented founders globally, "Initiative #workhardplaytropical promoting Puerto Ricos entrepreneurial ecosystem"

Thypical Investment Size

$40,000 grant and $20,000 investment from the Trust

Total Funds Raised

$13.7 million in grants

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Advertising (AdTech)

Artificial Intelligence & Machine Learning (AI/ML)

Big Data & Analytics

Cybersecurity

E-Commerce

FinTech

Seed

Series A

Series B

United States