Parallel18

Parallel18 is an accelerator firm and international innovation hub based in San Juan, Puerto Rico. Founded in 2015, it supports software startups across Latin America, the United States, and Puerto Rico by offering funding, mentorship, business connections, and investment to help underrepresented founders scale globally.

Hector Jirau

Managing Director

Past deals in Puerto Rico

MK Care

Pre Seed Round in 2024
MK Care is a technology company established in 2022, specializing in streamlining the process of finding and managing skilled caregivers for families caring for elderly or disabled members. The platform uses AI-powered matching algorithms to connect families with suitable caregivers for both short-term and long-term needs. MK Care offers real-time care reports, analytics, and a comprehensive care management system, focusing on the growing senior care market in the U.S. and Puerto Rico.

MK Care

Grant in 2024
MK Care is a technology company established in 2022, specializing in streamlining the process of finding and managing skilled caregivers for families caring for elderly or disabled members. The platform uses AI-powered matching algorithms to connect families with suitable caregivers for both short-term and long-term needs. MK Care offers real-time care reports, analytics, and a comprehensive care management system, focusing on the growing senior care market in the U.S. and Puerto Rico.

Amasar

Seed Round in 2020
Founded in Puerto Rico in 2016, Amasar specializes in innovative, sustainable food products centered around breadfruit, a tropical superfood. The company produces gluten-free, high-fiber breakfast mixes including pancake and waffle mix, all-purpose mix, and various breakfast creams.

Guilty

Venture Round in 2020
Guilty is a clothing rental subscription service based in San Juan, Puerto Rico, founded in 2017. The company operates an online platform that allows customers to select and rent apparel, providing a convenient and sustainable alternative to traditional clothing consumption. By offering a diverse range of fashion options, Guilty caters to individuals seeking flexibility in their wardrobe choices while promoting eco-friendly practices in the fashion industry.

Trito Agro-Industrial Services

Venture Round in 2020
Founded in 2006, Trito Agro-Industrial Services, Inc. is a Puerto Rican corporation dedicated to providing integrated systems for recycling, water treatment, composting and the creation of soil conditioners for a clean, resilient, efficient and sustainable agriculture. Our President, Mr. Carlos Enrique Pacheco Irizarry, has maintained a consultancy specializing in the design of wastewater systems through his successful firm of PC&A - Ingenieros Consultores. During the 1970s, he developed his awareness of how to achieve significant energy savings in his projects. In the 1980s, he began learning about the complex world of micro-organisms and the advances made in Japan and Germany regarding the integration of soil organisms in the control of offensive odors and advanced treatment systems. At the beginning of the 1990s, this accumulation of experiences allowed Mr. Pacheco to achieve efficient designs, integrating all of these areas of knowledge into sustainable treatment plants and managing compost as a means of disposition of biosolids. Now in the 2010s, TAIS applies all of that knowledge to solve one of the most critical problems faced by our planet: the efficient and sustainable disposal of our organic residues. TAIS breaks through the most difficult barriers imposed by the recycling of organics. These innovations allow for the use of organic waste as agricultural inputs, achieving a circular economy that benefits the country and advances scalable solutions to the problem of climate change.

Lick Co Store

Venture Round in 2020
Lick Co Store is an e-commerce platform based in Puerto Rico that specializes in selling a diverse range of pet apparel and accessories. The company offers products such as pet treats, poop bags, bandanas, and harnesses, along with customized stickers. By focusing on pet care and wellness, Lick Co Store aims to enhance the comfort and well-being of pets while providing pet owners with a variety of quality items to choose from.

Arvada

Venture Round in 2020
Arvada specializes in repurposing steel shipping containers into various structures, including residential homes, commercial kiosks, restaurants, classrooms, laboratories, and studios. Established in 2016 and headquartered in San Juan, Puerto Rico, the company focuses on designing and constructing customized spaces tailored to meet the specific needs of its clients. By leveraging shipping containers as a building material, Arvada aims to provide affordable and efficient solutions for both residential and commercial applications, thereby enabling customers to create functional spaces that align with their requirements and preferences.

Libros787

Venture Round in 2020
Libros787 is an online platform dedicated to promoting Puerto Rican literature. It connects the Puerto Rican diaspora with their cultural heritage by offering books written by local authors, contributing to increased accessibility and supporting independent publishers.

My Healthy WOE

Venture Round in 2020
MY HEALTHY WOE is a purely Puerto Rican microenterprise focused on serving the different needs of communities that follow low-carb and sugar-free eating styles with the purpose of improving their health, feeling better and losing weight. Among these are people who are diabetic, who are in Keto or Low Carb or simply every individual who wants to have better health, eliminating excess carbohydrates and high sugar intake from their diet. Among the services we provide you will find: o Preparation and sale of foods low in carbohydrates, with both organic and natural ingredients and without preservatives. Our products do not contain sugar or components that could be harmful to health.

Omics Global Solutions

Venture Round in 2020
Omics Global Solutions develops and launches products related to omics sciences (genomics, proteomics, metabolomics, etc.) to improve patient care. Based in Puerto Rico, USA, the company's initial product is an ELISA assay for identifying diabetic nephropathy risk.

BoxPower

Seed Round in 2020
BoxPower specializes in developing solar microgrid software and hardware, optimizing performance and accelerating deployment. They offer project development, system design, installation, monitoring, operations, and maintenance services for integrated solar, battery, and backup generator systems. BoxPower serves diverse clients, including disaster relief efforts, rural electrification projects, medical clinics, utilities, remote agriculture, and off-grid commercial sectors. As of now, they have offset over 40 million pounds of carbon dioxide and provided power to more than 5,000 individuals and businesses.

Molcajete Foods

Seed Round in 2019
Molcajete Foods is a food manufacturer based in Caguas, Puerto Rico, specializing in the production of corn tortillas and tortilla chips under the brand name “Doña Lola.” The company focuses on creating clean-label Mexican food products that are designed for both restaurants and retail markets. By emphasizing simplicity and authentic flavor, Molcajete Foods aims to provide consumers with a genuine taste of Mexican cuisine, crafted with care and quality ingredients.

BrainHi

Seed Round in 2018
BrainHi improves healthcare communication by using AI-powered chatbots to manage missed calls, schedule appointments, and answer patient inquiries via online messaging. Founded in 2017, it's headquartered in San Juan, Puerto Rico.

StageBoom

Seed Round in 2018
StageBoom is an innovative online marketplace based in Puerto Rico, dedicated to making live music more accessible globally. Co-founded by Yiselle M. Dipiní Andreu and Charlie A. Fuentes Cruz, the platform allows users to easily search a curated database of musicians by event type, musical genre, or individual names. The booking process is streamlined, enabling clients to hire musicians efficiently while handling payments securely within the platform. By automating and centralizing the booking experience, StageBoom not only simplifies the logistics for clients but also empowers musicians to focus on their craft without the burden of administrative tasks. The company aims to enhance the live music experience for audiences and contribute to the economic sustainability of musicians.

Abartys Health

Seed Round in 2018
Abartys Health LLC is an insurance technology company based in Guaynabo, Puerto Rico, founded in 2015. It develops a centralized communication platform aimed at addressing challenges in the global healthcare system. The company's software solutions, including InsureLynk for insurers, ProviderLynk for healthcare providers, and PatientLynk for patients, facilitate data flow and communication among insurers, healthcare professionals, and patients. This platform enhances medical record portability and universal patient identification, allowing for streamlined services and improved treatment outcomes. Additionally, Abartys Health transforms aggregated clinical data into actionable insights and monitors patient journeys in real-time, enabling healthcare providers to identify patients at risk and close gaps in care. The company serves a diverse clientele, including global health insurers, pharmaceutical companies, and large employers.

Brands of Puerto Rico

Seed Round in 2017
Mission: Promote a culture of entrepreneurship, innovation and export within the small and medium businesses in Puerto Rico. Business Description: Brands of Puerto Rico is an e-commerce platform for Puerto Rican brands. It offers an additional distribution channel for local brands with the purpose of promoting the export of their brands and products. Company Background: Brands of Puerto Rico was founded in February 2014 as a response to the economic crisis and flight of human and financial capital in Puerto Rico. After experiencing the difficulties that local entrepreneurs have and the lack of digital tools and know how among many of them its founder went out to validate these necessities and found that many entrepreneurs were seeking an affordable solution to this problem. The founders saw a great opportunity to offer these digital solutions and founded the company to address these problems. ____________________________________________________ Products/Services: Brands of Puerto Rico unlike any other alternative out there offers consumers the opportunity to find a variety of Puerto Rican Brands in one e-commerce. It also offers local brands access to digital tools as; an e-commerce platform, digital advertising, SEO, SEM, paid search, public relations and traditional Marketing efforts. As part of their compromise with the local entrepreneur Brands of Puerto Rico is offering free of charge content creation for the brands products, it includes a photo shoot of all the products that will be on the e-commerce and a promotional video of the brand. Technologies: E-commerce platform, mobile web-app and digital advertising. Markets: The target market is the online e-commerce consumer. One of the market segments is the local consumer who wants to support local brands. The other segment of the market is the 4.5 million of Puerto Ricans who live outside the island, and are strongly attached to Puerto Rico by nostalgia and by the desire of a better Puerto Rico. In 2013, the annual online e-commerce sales in the United States were 260 Billion dollars. For 2017, it is projected that the US will have approximately 500 billion dollars on online sales. The revenue model is based on a 10% transaction fee for sales made thru the e-commerce platform. We are exploring additional revenue streams through social gifting and gift cards. Distribution Channels: The distribution channels that will be used are online advertising, content marketing, search engine optimization, search engine marketing, paid search and retargeting. Competition: There is not a direct competition locally or internationally. Nevertheles, locally there are the following e-commerce platforms; merodea.me, Gustazos, Groupon, Oferta del Dia, Groopanda. There are some physical stores that do sell Puerto Rican brands but not online.

StageBoom

Grant in 2017
StageBoom is an innovative online marketplace based in Puerto Rico, dedicated to making live music more accessible globally. Co-founded by Yiselle M. Dipiní Andreu and Charlie A. Fuentes Cruz, the platform allows users to easily search a curated database of musicians by event type, musical genre, or individual names. The booking process is streamlined, enabling clients to hire musicians efficiently while handling payments securely within the platform. By automating and centralizing the booking experience, StageBoom not only simplifies the logistics for clients but also empowers musicians to focus on their craft without the burden of administrative tasks. The company aims to enhance the live music experience for audiences and contribute to the economic sustainability of musicians.

Abartys Health

Grant in 2016
Abartys Health LLC is an insurance technology company based in Guaynabo, Puerto Rico, founded in 2015. It develops a centralized communication platform aimed at addressing challenges in the global healthcare system. The company's software solutions, including InsureLynk for insurers, ProviderLynk for healthcare providers, and PatientLynk for patients, facilitate data flow and communication among insurers, healthcare professionals, and patients. This platform enhances medical record portability and universal patient identification, allowing for streamlined services and improved treatment outcomes. Additionally, Abartys Health transforms aggregated clinical data into actionable insights and monitors patient journeys in real-time, enabling healthcare providers to identify patients at risk and close gaps in care. The company serves a diverse clientele, including global health insurers, pharmaceutical companies, and large employers.
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