Parabol Analysis: $8M Raised
What is Parabol?
Parabol is a platform designed to facilitate structured meetings for remote and hybrid teams. Its unique approach integrates various agile methodologies, enhancing team collaboration and productivity. By streamlining meeting processes, Parabol enables teams to focus on actionable insights and outcomes.
Employees
11-50
Founded
2015
Industry
SaaS
Latest Funding Amount
$8,000,000
Latest Funding Round Size
$8.0M
Selfserve Signup
Yes
Product Features & Capabilities
- Agile meeting tool for retrospectives
- Digital Planning Poker for remote estimation
- Standup meeting tool for asynchronous updates
- Team check-in tool with icebreaker features
- Integration with popular project management tools.
How much Parabol raised
Funding Round - $8.0M
RecentOther Considerations
Free forever for up to 2 teams; Over 500,000 users registered; Rated 4.6/5 stars on G2 based on user reviews.
Reported Clients
Parabol has reported notable clients such as Ebury and Secret Escapes in their case studies. Ebury utilized Parabol's tools to improve their sprint velocity through effective Agile meetings, specifically using retrospectives and Sprint Poker. The case study highlights how Ebury's approach to running Agile meetings led to improved velocity. Secret Escapes, on the other hand, enhanced team resilience by saving time on retrospective preparation and ensuring equal contribution from all team members, showcasing how they used Parabol to streamline their retrospective processes.
Gtm Strategy
Parabol employs a product-led growth (PLG) strategy, as evidenced by their website's design and offerings.
Homepage Pricing
Parabol offers a **free forever** plan for up to **2 teams**, allowing users to utilize the platform without any financial commitment. The pricing is transparent, as stated on their homepage: "Try it yourself – Parabol is Free forever for up to 2 teams, making it easy to start streamlining your meetings without any financial commitment." This indicates that users can start using the service without any hidden fees or requirements.
Additionally, for teams that exceed the free tier, Parabol provides various pricing structures, which can be explored in detail on their pricing page.
