Parallel 1245: Funding, Investors & Team (Sep 2026)
Parallel helps coding agent works side by side with hospital teams to deliver faster and more accurate medical coding.
Parallel 1245 has raised $23.5M across 2 funding rounds on record, the most recent a Series A of $20.0M announced in Mar 2026.
That round is above the $4.7M median round size for Health Care companies tracked on FundedIQ over the last two years.
Parallel 1245 Company Profile and Key Stats
Latest funding round on record: Mar 2026.
Parallel 1245 Funding Rounds
Parallel 1245 raised $3.5M in a Seed announced in Apr 2025.
11 months later, a Series A of $20.0M was announced in Mar 2026.
Parallel 1245 Founders and Leadership Team
Contact details for the Parallel 1245 team: 1 of 2 have an email address on file, 1 has a LinkedIn profile.
Start 14-day free trial →Parallel 1245 Funding Compared to Other Health Care Startups
Parallel 1245's latest round of $20.0M is above the median round in Health Care. Medians cover the last 24 months of disclosed rounds.
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Parallel 1245 Funding FAQs
What does Parallel 1245 do?
Parallel helps coding agent works side by side with hospital teams to deliver faster and more accurate medical coding.
How much funding has Parallel 1245 raised?
Parallel 1245 has raised $23.5M across 2 rounds on record. The most recent is a Series A of $20.0M announced in Mar 2026.
When did Parallel 1245 last raise funding?
Parallel 1245's most recent funding round on record is a Series A of $20.0M, announced in Mar 2026.
Who founded Parallel 1245?
FundedIQ lists Kabous Du Preez (Founder), Paul Lafforgue (Founder) at Parallel 1245.
Where is Parallel 1245 headquartered?
Parallel 1245 is based in Paris, Ile-De-France, France.
How many employees does Parallel 1245 have?
Parallel 1245 is in the 11-50 employee band.
How does Parallel 1245's funding compare to other Health Care startups?
Parallel 1245's latest round of $20.0M is above the $4.7M median round size for Health Care companies on FundedIQ across 3,653 tracked companies over the last two years.
About FundedIQ's Parallel 1245 Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Parallel 1245 is left off this page rather than filled in.
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