Parallel Learning, a NYC-based digital health platform that provides a new way to test, diagnose, and empower students with learning and thinking differences, raised $20M in Series A funding.
This round was led by Tiger Global with participation from Obvious Ventures, Barry Sternlich’s JAWS and existing investor, Vine Ventures.
The company intends to use the funds to accelerate its national expansion to deliver an end-to-end suite of psychoeducational services for students.
Founded in 2021 by Diana Heldfond, Parallel is an all-in-one digital platform that provides comprehensive psychological evaluations and support services for students with learning and thinking differences. The company employs qualified care providers to offer psychological evaluations, skill-based tutoring, executive function coaching, behavioral therapy as well as speech and language therapy. Parallel schedules students with a professional within days, costs a fraction of the price of traditional providers and cuts the average case time for services in half. All of Parallel’s providers are licensed, credentialed and go through a thorough vetting process.
The company also recently hired Susan Liu, former VP of Clinical Operations at online mental health platform Cerebral Inc., to serve as Chief Operating Officer, as well as Robert Stager, previously from Presence Learning and N2Y, to serve as Director of Partnerships.