Parallel18

Parallel18 is an international innovation hub and accelerator firm established in 2015, located in San Juan, Puerto Rico. The organization is dedicated to supporting underrepresented founders globally by offering funding, mentorship, and essential business connections. It primarily focuses on the software sector and aims to foster entrepreneurship across Latin America, the United States, and Puerto Rico. By providing resources and guidance, Parallel18 seeks to enhance the growth and success of diverse startups in a competitive landscape.

Hector Jirau

Investment Fund Manager

Past deals in Puerto Rico

MK Care

Pre Seed Round in 2024
MK Care is a mobile platform that simplifies the process of finding skilled caregivers and creating personalized care plans for families with elderly or disabled members. Founded in 2022, MK Care leverages AI-powered matching algorithms to ensure families receive the best-fit caregivers for both short-term and long-term needs. With a focus on the growing senior care market in the U.S. and Puerto Rico, our platform also offers real-time care reports, analytics, and a comprehensive care management system. MK Care is dedicated to transforming the senior care industry through innovative technology and compassionate support.

MK Care

Grant in 2024
MK Care is a mobile platform that simplifies the process of finding skilled caregivers and creating personalized care plans for families with elderly or disabled members. Founded in 2022, MK Care leverages AI-powered matching algorithms to ensure families receive the best-fit caregivers for both short-term and long-term needs. With a focus on the growing senior care market in the U.S. and Puerto Rico, our platform also offers real-time care reports, analytics, and a comprehensive care management system. MK Care is dedicated to transforming the senior care industry through innovative technology and compassionate support.

Amasar

Seed Round in 2020
Amasar LLC, founded in 2016 and based in Jayuya, Puerto Rico, specializes in producing all-purpose breadfruit mix products that provide a nutritious and sustainable alternative to traditional breakfast ingredients. The company offers a range of innovative food items centered around breadfruit, a tropical superfood known for its high fiber and gluten-free properties. Their flagship products include breadfruit-based pancake and waffle mixes, as well as unique breakfast cream mixes, all designed to promote healthy living. Amasar is committed to sustainability, sourcing its breadfruit from ethical suppliers and utilizing eco-friendly packaging. The company also employs technology, such as dynamic QR codes, to enhance customer engagement and provide transparent product information, reflecting its dedication to nurturing both consumers and the planet.

Guilty

Venture Round in 2020
Guilty is a clothing rental subscription service in Puerto Rico.

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.

Arvada

Venture Round in 2020
Arvada repurposes steel shipping containers into houses, kiosks, restaurants, classrooms, laboratories, studios, and so on. It began operation in 2016, with its headquarters in San Juan in Puerto Rico.

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.

Molcajete Foods

Seed Round in 2019
Molcajete Foods is a food manufacturer based in Caguas, Puerto Rico, specializing in corn tortillas and tortilla chips marketed under the brand "Doña Lola." The company focuses on producing clean-label, pre-made Mexican food products designed for both restaurants and retail markets. By prioritizing simplicity and flavor, Molcajete Foods aims to provide customers with an authentic taste of Mexican cuisine.

BrainHi

Seed Round in 2018
BrainHi Inc. is a company that enhances communication between healthcare providers and potential patients by integrating phone customer service with online messaging. Founded in 2017 and based in San Juan, Puerto Rico, BrainHi offers a cloud-based platform designed to improve access to medical services and transform the patient experience. The platform utilizes artificial intelligence and chatbots to efficiently handle patient inquiries, schedule appointments, and manage missed calls, thereby reducing the administrative workload on staff. By streamlining communications, BrainHi aims to facilitate better interactions between healthcare facilities and their patients, ultimately improving operational efficiency.

StageBoom

Seed Round in 2018
StageBoom was born from the passion for music and the necessity to make live music more accessible to everyone, all around de world. We're an early-stage, Puerto Rico-based online marketplace for booking musicians. It is co-founded by Yiselle M. Dipiní Andreu and Charlie A. Fuentes Cruz. The platform allows users to search a curated database by filtering according to the type of events, musical genres, and musician’s names. When the user decides to book, the payment process takes place inside the platform in a secure way. As live music continues to become an important income generator for musicians, StageBoom disrupts the current booking process by automating and centralizing the whole process without requiring a quote. We’re building a company that goes beyond music tech; we want to bring the benefits of live music to everyone, and inspire people to be part of the economic impact of musicians. Like we always say YOU BOOK. THEY PLAY. MUSIC WINS.

Abartys Health

Seed Round in 2018
Abartys Health LLC is an insurance technology company based in Guaynabo, Puerto Rico, founded in 2015. It specializes in developing software that facilitates communication and data flow between insurers, healthcare providers, and patients. The company's main offerings include InsureLynk for insurance companies, ProviderLynk for healthcare providers, and PatientLynk for patients. By providing a centralized healthcare platform, Abartys Health aims to address the global healthcare crisis by enhancing medical record portability, enabling universal patient identification, and transforming clinical data into actionable insights. Their solutions are designed to streamline services, improve communication, and optimize treatment pathways, serving 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 was born from the passion for music and the necessity to make live music more accessible to everyone, all around de world. We're an early-stage, Puerto Rico-based online marketplace for booking musicians. It is co-founded by Yiselle M. Dipiní Andreu and Charlie A. Fuentes Cruz. The platform allows users to search a curated database by filtering according to the type of events, musical genres, and musician’s names. When the user decides to book, the payment process takes place inside the platform in a secure way. As live music continues to become an important income generator for musicians, StageBoom disrupts the current booking process by automating and centralizing the whole process without requiring a quote. We’re building a company that goes beyond music tech; we want to bring the benefits of live music to everyone, and inspire people to be part of the economic impact of musicians. Like we always say YOU BOOK. THEY PLAY. MUSIC WINS.

Abartys Health

Grant in 2016
Abartys Health LLC is an insurance technology company based in Guaynabo, Puerto Rico, founded in 2015. It specializes in developing software that facilitates communication and data flow between insurers, healthcare providers, and patients. The company's main offerings include InsureLynk for insurance companies, ProviderLynk for healthcare providers, and PatientLynk for patients. By providing a centralized healthcare platform, Abartys Health aims to address the global healthcare crisis by enhancing medical record portability, enabling universal patient identification, and transforming clinical data into actionable insights. Their solutions are designed to streamline services, improve communication, and optimize treatment pathways, serving global health insurers, pharmaceutical companies, and large employers.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.