Digital Health Platform Parallel Learning Announces $20M in Series A Funding to Further Expand and Serve Students with Learning and Thinking Differences
NEW YORK, NY (Could 26, 2022 ) – Parallel Mastering (Parallel)—the digital overall health platform that provides a new way to exam, diagnose, and empower learners with learning and thinking differences—today announced $20M in Sequence A funding and an enlargement to its suite of teletherapy providers. This spherical was led by Tiger World wide with additional participation from Evident Ventures, Barry Sternlich’s JAWS and current investor, Vine Ventures. This news will come only 5 months immediately after Parallel’s official launch together with $2.8M in past funding, bringing the company’s whole money lifted to $22.8M. The new funds will be utilized to accelerate Parallel’s countrywide enlargement to produce an stop-to-conclusion suite of psychoeducational providers for pupils. Parallel’s companies go over and above original psychological evaluations to give ongoing aid to learners like talent-based tutoring, government functionality coaching, and as of right now, behavioral remedy as nicely as speech and language treatment. Solutions are obtainable straight to households as nicely as to college districts as aspect of the company’s company presenting.
With Parallel, services start off inside of times, instead of the regular wait around of months, and charge a portion of the price of standard services. Parallel gives specialized treatment at a quicker, far more easy and inexpensive level as opposed to traditional care options. The organization employs accredited psychologists, mastering professionals, behavioral well being therapists and speech therapists in each individual point out and matches students with vendors centered on their referral problem and wanted solutions. Pursuing the preliminary consultation, a university student will be matched with a care staff particularly assigned to be certain the pupil receives all advisable products and services.
“Our mission is to get the job done hand-in-hand with university districts and family members to deliver the highest high quality developmental products and services to pupils throughout the country,” stated Diana Heldfond, Founder and CEO of Parallel Understanding. “With 20 p.c of little ones challenged by discovering and considering dissimilarities, we’re committed to supplying long lasting, effective and reasonably priced solutions to enable individuals pupils thrive in and out of the classroom.”
Parallel has developed its earnings 50 percent every single month on regular because its launch. The firm has skilled 150 percent development in its service provider network due to the fact January with over 90 % company retention. The business also not long ago employed Susan Liu, previous VP of Scientific Functions at on the internet psychological overall health system Cerebral Inc., to serve as Main Running Officer, as nicely as Robert Stager, previously from Existence Mastering and N2Y, to provide as Director of Partnerships.
“Parallel’s tech-enabled tactic is fixing the most pressing psychoeducational challenges with serious effectiveness, scalability, and high-quality of care,” explained Jay Chen, Associate, Tiger International. “By partnering with educational facilities and families to not only evaluate learners, but also provide very best-in-class ongoing help pretty much, Parallel is developing an close-to-finish electronic system that provides superior outcomes at decrease expenses.”
“As we prioritize investing in world beneficial enterprises, we’re happy to guidance Parallel as it proceeds to mature and deliver possibilities for students in the U.S. to prosper,” said James Joaquin, Co-Founder and Managing Director of Apparent Ventures. “Parallel is very first and foremost fully commited to performing in the curiosity of helping learners. By way of its revolutionary, industry-1st system, Parallel will increase access to care and helps kids unlock their fullest prospective in an attainable, accessible and inexpensive way.”
Parallel has been a chief in aiding the nation’s premier faculty districts and addressing a single of the most well known problems experiencing the American instruction technique: instructing shortages and deficiency of accessibility for students in require of behavioral care. As a person in 5 learners have a finding out or thinking distinction and 44 p.c of U.S. faculties described having at minimum a person educating emptiness as of January 2022, special instruction was determined as the teaching position with the most vacancies, leaving kids in need of the proper guidance and sources to assistance them do well. Parallel—which is currently energetic in dozens of states across the U.S.—is on keep track of to be out there in all states in the U.S. by early 2023 to increase access to particular training products and services nationwide.
To study more about Parallel Mastering, check out parallellearning.com.
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ABOUT PARALLEL LEARNING
Started in 2021 by Diana Heldfond, Parallel is an all-in-one electronic platform that provides extensive psychological evaluations and assist services for pupils with finding out and pondering dissimilarities. Parallel employs skilled care providers to supply psychological evaluations, ability-dependent tutoring, govt purpose coaching, behavioral therapy as perfectly as speech and language remedy. Parallel schedules students with a skilled in times, costs a portion of the price of traditional suppliers and cuts the common situation time for expert services in 50 percent. All of Parallel’s vendors are accredited, credentialed and go by a comprehensive vetting procedure. The company’s mission is to advocate for these a person in five students who struggle with a mastering or thinking variance and give support. For much more information, take a look at www.parallellearning.com