Parallelz Raises $3M in Pre-Seed Funding

Parallelz, a Toronto, CA-based provider of a software platform that instantly transforms native mobile apps into native web apps, raised $3M in Pre-Seed funding.

Backers were Ryan Hoover, Ed Baker, Ryan Hoover.

The company plans to use the funds for team growth and platform development.

Led by Founder and CEO Albert Lai, Parallelz is building a new platform and software architecture that instantly transforms native mobile apps into native web apps, with zero compromise in visual quality or user experience. Parallelz’s solution allows developers distribute their apps via multiple digital and social channels.

The company intends to make the platform available for limited release in the second half of this year.

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