Parallel Learning—Psychoeducational Telehealth Platform—Announces Official Launch Alongside $2.8m In Funding

NEW YORK, NY (December 28, 2021)—Parallel Learning (Parallel), the digital health company that
provides psychoeducational services to families, educators and students dealing with learning and
thinking differences, today announced its official launch alongside $2.8M in funding to date. The funding
was led by Eric Reiner and Dan Povitsky of Vine Ventures, with participation from Global Founders
Capital
, Great Oaks and social media influencers Josh Richards, Griffin Johnson and Noah Beck of Gen
Z-focused venture capital fund Animal Capital, among others. These funds will enable Parallel to
accelerate its growth by expanding nationwide, increasing access to special education services for
students across the country.

Parallel’s platform provides cross-disciplinary support services to diagnose, teach and empower students with learning and thinking differences directly to families and to school districts on a contractual basis. The company employs licensed psychologists, learning specialists, occupational therapists and more in each state and matches students with providers based on their referral concern and desired services. With Parallel, evaluations begin within days instead of waiting months and cost a fraction of the price of traditional evaluations which can be upwards of $5,000. The digital health company worked with
prominent research institutions and renowned testing publishers including Riverside to develop its
American Psychological Association (APA)-compliant evaluation platform. This proprietary technology
cuts the evaluation time in half, allowing students to receive a full report within just two weeks. The
comprehensive services currently offered include:

Comprehensive Psychological Assessments
○ Licensed psychologists work through a series of assessments to uncover what impacts
the student’s ability to learn, help them improve their abilities and determine the
accommodations they need to succeed in the classroom.
Educational Therapy
○ Therapists provide intensive interventions to help students build on foundational skills by
using evidence-based, multi-sensory approaches to teach techniques for coping with
learning and thinking differences.
Executive Function Coaching
○ Occupational therapists teach students how to become more efficient learners and build
their confidence and independence by teaching organizational and management skills
that can help them in and outside of the classroom.

In the U.S., one in every five students struggle with a learning or thinking difference, but accessing
support services can be expensive, time consuming and limited. Though many essential services are
available through the public school system, strict qualification processes force some families to explore
alternative private services, which can be expensive and require long wait times. Parallel’s mission is to
simplify and streamline the delivery of these services so that all students receive the necessary
accommodations and support to overcome their challenges.

“At Parallel, the emphasis is on personalized care. We provide all of the resources that families need to
get their child the support they need in one convenient platform. We are partners in childrens’ long-term
journey to overcoming their challenges, not just a stop along the way.” said Diana Heldfond, Founder
and CEO of Parallel Learning.
“This also empowers our providers to focus on what they truly care
about—helping children.”

“Parallel’s business model and strategy stands out as it allows schools and families to access
personalized services quickly, seamlessly and at an affordable cost,” said Eric Reiner, Founder and
Managing Partner of Vine Ventures.
“As we support Parallel’s growth to expand nationally, we are
confident that the team will change the lives of millions of students by helping them become more
capable, confident and independent.”

“Parallel’s digital platform allows providers to reach underserved populations, while strengthening
services for overpopulated areas,” said A. Jordan Wright, PhD, ABAP, Parallel Advisory Board
Member and board certified assessment psychologist.
“Parallel’s tech-enabled approach to delivering
care ensures accessibility to performance-based cognitive and academic testing and other support
services.”

Students registered with Parallel have reported making significant progress that includes grade
improvement, positive changes in behavior, increased excitement to learn and more. Parallel strives to
make a difference in the lives of students nationwide by solving one of the most pressing issues currently facing the American school system, while further developing its services and expanding to all 50 states.

For more information, interested school districts and families can visit www.parallellearning.com.

For a breakdown of Parallel’s current products and services, please click here.

For frequently asked questions, please click here.

To access the media kit, including visual assets, please click here.

ABOUT PARALLEL LEARNING
Parallel is an all-in-one digital platform for parents and children with learning differences to diagnose, find qualified care providers, receive affordable treatment and discover everything they need to know about learning disabilities. Parallel schedules families with a professional within days, costs a fraction of the price of traditional providers and cuts the average case time for an evaluation in half. All of Parallel’s
clinicians and providers are licensed, credentialed and go through a thorough vetting process. The
company’s mission is to advocate for those one in five students who struggle with a learning or thinking
difference and provide support. For more information, visit www.parallellearning.com

ABOUT VINE VENTURES
Vine Ventures was founded in June 2020 by Eric Reiner and Dan Povitsky, and has since raised $100M
across its seed fund, Vine I, and LP co-investments. Vine led and participated in funding rounds for 17
companies in the last 16 months. Eric and Dan bring their experience of growth equity from Insight and
TA to seed and series A rounds. Both in their late 20s, they represent a new generation of venture
capitalists who share the values, mindset and worldview of their founders

Source: eschoolnews.com

Parallel Learning—Psychoeducational Telehealth Platform—Announces Official Launch Alongside $2.8m In Funding