
Parallel
Parallel is a software development company that creates virtual Hangout apps.
Date | Investors | Amount | Round |
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- | investor investor | €0.0 | round |
investor investor investor | €0.0 | round | |
N/A | €0.0 | round | |
investor investor | €0.0 | round | |
investor investor investor investor investor | €0.0 | round | |
* | JPY1.2b | Series C | |
Total Funding | 000k |
Related Content
Parallel is an innovative online hangout app designed to enhance social interactions by allowing users to enjoy games, videos, and music with their friends in a virtual space. The platform aims to replicate the feel of hanging out in familiar physical locations like a house, a usual spot, or a classroom, but in an online environment. Parallel primarily serves tech-savvy individuals and social media enthusiasts who seek to maintain and enhance their social connections through digital means. Operating in the social media and entertainment market, Parallel employs a freemium business model, offering basic services for free while charging for premium features and content. Revenue is generated through in-app purchases, subscriptions, and potentially through advertising partnerships.
Keywords: online hangout, social interactions, games, videos, music, virtual space, freemium model, in-app purchases, subscriptions, digital connections, entertainment.