# Parallel18 funding: rounds and investors

> Parallel18 has raised $1.0M across 1 round since 2024. Investors include US Department of Energy. Every round with its source.

Source: https://millionrounds.com/company/parallel18 (Millionrounds; every figure on the page links to its filing or article)

Puerto Rico · [Funded startup](https://millionrounds.com/companies)

# Who invested in *Parallel18*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services

Funding summary Updated 26 Oct 2026

**$1.0M** raised across 1 round since 2024, from 1 source

- **Latest round:** Grant, $1.0M Dec 2024
- **Investors:** 1

See who backed them

## The rounds

- **Dec 2024** Grant **$1.0M** [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Source recorded

## Founders and team

From Parallel18's own website: 9 on the team.

- **Sharon Ortiz** Office Coordinator
- **Allison Martínez** Senior Communications and Outreach Specialist
- **Carol Ramos** Communications and Marketing Manager
- **Daliana Colón Arroyo** Corporate Relations Lead
- **Dr. Héctor Jirau** Executive Director
- **Dr. Noé E. Crespo** Associate Director
- **Jaileen Álvarez** Communications Specialist
- **Menchu Agüeros Jiménez** Senior Operations Manager
- **Yessica Fontánez** Investment Team Lead

## Everyone who backed them

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=parallel18).

## Quick answers about Parallel18

### Who invested in Parallel18?

Parallel18's investors include US Department of Energy.

### How much has Parallel18 raised?

Parallel18 has raised $1.0M across 1 round since 2024.

### When did Parallel18 last raise?

Parallel18's most recent round was a Grant of $1.0M in Dec 2024.

### What was Parallel18's biggest round?

Its most recent round, $1.0M in Dec 2024, is also its largest on record.

### Who backed Parallel18 first?

Parallel18's first round on record, in Dec 2024, was backed by US Department of Energy.

### What stage is Parallel18 at?

Parallel18's latest named round is a Grant, in Dec 2024.

### Where is Parallel18 based?

Parallel18 is based in Puerto Rico.

## Companies like Parallel18

In the same sector, and raised in the last eighteen months.

[**xPay** $1.5M · Oct 2026](https://millionrounds.com/company/xpay)[**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Cashin** $404K · Oct 2026](https://millionrounds.com/company/cashin)[**Cognitive Credit** $64M · Oct 2026](https://millionrounds.com/company/cognitive-credit)[**Cashbanx** $4.1M · Oct 2026](https://millionrounds.com/company/cashbanx)

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