Runway gets harder to reason about as teams scale. At Greptile, hiring and spend decisions started overlapping, making simple planning tools fall short. Clearer runway visibility helped turn guesswork into deliberate planning. Full case study in the comments.
Parallel
Software Development
Lehi, Utah 4,416 followers
Financial planning software for startups — know your runway, plan your next move
About us
Parallel is financial planning software built for early-stage startups. Connect your accounting and Parallel automatically builds a live three-statement model in minutes, then keeps it current as your actuals roll in. From there, founders use Parallel to track runway and burn, forecast revenue, plan headcount, and pressure-test the decisions they're already weighing: making a hire, managing spend, or raising. And when it's time to fundraise, your data room is an export, not a month-long project. No spreadsheet to upkeep, no finance background required.
- Website
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https://www.getparallel.com?utm_source=linkedin&utm_medium=social&utm_campaign=linkedin-company-page
External link for Parallel
- Industry
- Software Development
- Company size
- 2-10 employees
- Headquarters
- Lehi, Utah
- Type
- Privately Held
- Founded
- 2023
Locations
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Primary
Get directions
Lehi, Utah 84045, US
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Get directions
2701 N Thanksgiving Way
Lehi, Utah 84043, US
Employees at Parallel
Updates
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Some words from our founder that come up a lot in conversations with founders: Finance should help you understand what happens next. Not just explain what already happened. Hiring plans. Fundraising scenarios. Revenue changes. Those are the decisions founders are making every day, and they shouldn’t take hours or days to answer. That’s why Parallel was built.
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Runway feels obvious early on. It rarely stays that way as growth accelerates. At Reform, increasing deal sizes and headcount made it harder to see how decisions affected runway. Clearer scenario planning helped turn hiring into a decision instead of a guess. Full case study 👇
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A lot of teams use the same runway number for too long. As the business changes, runway changes with it. Teams with up-to-date visibility adjust earlier. Hiring and spend move before decisions become painful. Runway becomes something you manage, not react to. Reach out to get a hold of your numbers.
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Turn today’s metrics into a raising plan—fast. Get your RaiseReady score, a recommended “raise by” date, and what to focus on next to improve your odds. Try the free RaiseReady calculator: https://lnkd.in/gizktjiW
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Find out if your raise is going to turn out well or not and WHEN you should start it! :) https://lnkd.in/gizktjiW
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"Every fundraise should be inevitable." - Trevor McKendrick If you are fundraising or thinking about fundraising in the future, listen to this episode of CFO Confidential. Link in the comments.