Friday, April 23, 2021

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Parabol: Raises $8M In Series A Funding

  • Parabol, a Los Angeles, CA-based Agile meeting platform, secured an $8m Series A funding
  • The round was led by M12 with participation from CRV, Haystack, Techstars, and others
  • The company intends to use the funds to expand its business reach and add new enterprise features
  • Parabol provides a remote collaboration platform for remote and hybrid teams to conduct structured meetings essential to Agile teamwork, such as retrospectives and daily stand-ups
  • Parabol integrates with applications such as Slack, Jira, and GitHub, and automatically captures and summarizes the meeting output for all participants
  • The funding announcement follows the milestone of registering 100,000 users across more than 3,000 companies worldwide

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