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Parallel
AddedFeb 13, 2024
UpdatedJun 28, 2026
Parallel

Parallel

Series A

Parallel, a global leader in cannabinoid wellness, pioneers quality of life improvements with rapid growth.

HQ
Atlanta, GA, US
Founded
2014
Overview
Compare
Fundraising
Employees
News
Website

Parallel, formerly known as Surterra Wellness, was founded with the mission to pioneer well-being and improve quality of life through the benefits of cannabinoids. The company offers a range of cannabis products aimed at enhancing rest, recovery, relief, and revelry. With vertically integrated operations, Parallel serves both medical and adult-use markets across multiple states, including Florida and Texas. Their focus is on leveraging cannabinoids to promote holistic wellness and improve the quality of life for their customers.

Notable figures associated with Parallel include key industry leaders and investors who have driven its rapid growth. The company has achieved significant milestones, positioning itself as one of the fastest-growing cannabis companies globally. Through its innovative approach and commitment to quality, Parallel has made a substantial impact on the cannabis industry, setting new standards for cannabinoid-based wellness solutions.

Parallel - Quick Facts

When was Parallel founded?

Parallel was founded in 2014.

Where is Parallel's headquarters located?

Parallel's headquarters is located in Atlanta, GA, US.

When was Parallel's last funding round?

Parallel's most recent funding round was for $10M (USD) in December 2022.

How much has Parallel raised to-date?

As of Dec 8, 2022, Parallel has raised a total of $365.7M (USD).

How many employees does Parallel have?

Parallel has 750 employees as of Feb 4, 2024.

Parallel - Classification

Industry
  • Retail
Technology
  • Biotech
Geographic Exposure
  • United States
Revenue
  • Transactional
Customer
  • Consumers
Main Product
  • Cannabis
  • Wellness
Tags
  • eCommerce
  • Healthtech
NAICS
  • 459900Other Miscellaneous Retailers
  • 459990All Other Miscellaneous Retailers
  • 459991Tobacco, Electronic Cigarette, and Other Smoking Supplies Retailers
  • 450000Retail Trade
  • 459000Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers
SIC
  • 8000Health Services
  • 8040Offices And Clinics Of Other Health Practitioners
  • 8049Offices And Clinics Of Health Practitioners, Not Elsewhere Classified
Show 1 more industry code
NAICS
  • 620000Health Care and Social Assistance