Parallel Bio

Drug Discovery · Cambridge, MA · Founded 2020 · Privately Held (backing)

Operator of a biotechnology company intended to design and engineer tools to change the way diseases are cured. Parallel Bio is based in Cambridge, MA and was founded in 2020. It was valued at $71.5 million at its later-stage round in Jun 2025, the last priced event on record. It has raised $24.6 million across 2 recorded rounds; the latest was a $20 million Series A1 in Jun 2025.

PMV mark · valuation
$71.5M
Oct 2026
Priced at
its later-stage round
Jun 2025
Total raised
$24.6M
Last round
Later Stage VC (Series A1)
Jun 2025
What is Parallel Bio worth?
$71.5MPrivateMarketView mark · Oct 2026

Valued at $71.5M at its later-stage round, Jun 2025. Nothing has traded since.

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Valuation timeline

0 priced rounds · 32 daily marks since · Sep 2026 – Oct 2026
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Markrounds hold their value until the next priced eventMark, today
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Parallel Bio funding history

2 rounds
DateRoundRaisedPost-money
Jun 2025Later Stage VC (Series A1)$20.0M▮
Dec 2022Seed Round$4.3M▮
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Parallel Bio valuation

Parallel Bio was valued at $71.5 million at its later-stage round in Jun 2025. That is the last priced event on record: no secondary trade or institutional fund mark has moved the figure since.

How much has Parallel Bio raised?

Parallel Bio has raised $24.6 million across 2 recorded rounds since 2022. The largest was a $4.3 million seed round in Dec 2022; the most recent was a $20 million Series A1 in Jun 2025.

Comparable companies

Comparable drug discovery names by valuation on PrivateMarketView: Hyku Biosciences ($85 million), Linnaeus Therapeutics ($83.1 million) and Pangea Bio ($80 million).

How Parallel Bio's valuation is determined

Private company valuations aren’t quoted on an exchange — they’re established in moments: a priced funding round sets a post-money valuation, secondary trades print at a price per share, and SEC-registered funds holding the stock report fair-value marks in their N-PORT filings.

For Parallel Bio, the most current credible signal sets the number and the older ones confirm it: a live secondary-market price first, then three or more recent prints, then institutional fund marks, and otherwise the last priced round, which never decays. The valuation is the last round’s post-money moved by the price change since that round, so no share count is assumed. Today it is set by its last priced round. Question about this number? Full methodology →

Frequently asked about Parallel Bio

What is Parallel Bio worth?
Parallel Bio is valued at $71.5M as of Oct 2026. Valued at $71.5M at its later-stage round, Jun 2025. Nothing has traded since.
How much has Parallel Bio raised?
Parallel Bio has raised $24.6M in total funding across 2 recorded rounds.
When did Parallel Bio last raise?
Parallel Bio last raised in Jun 2025 (Later Stage VC (Series A1)), raising $20.0M.