Project Parallel is an innovative company at the forefront of technology having built a leading platform combining sports entertainment, knowledge transfer and digital collectables.
The business has created a multitude of products with a vision of developing a comprehensive online ecosystem in the sports industry, catering to a wide range of audiences, and changing the way clients perceive and engage with sports and fitness.
Leveraging AI, the company has recently developed an online fitness application, to provide affordable and convenient world-class personal training.
Operating in a range of thriving markets, Project Parallel has experienced phenomenal growth; our clients are now offering the company for sale to focus on other unrelated business interests.
Offers invited.
Key Highlights
- At the cutting edge of technology, offering users a unique and immersive virtual sports experience.
- Has built an online roadmap that comprises minigames, sports icons, fan experiences, sports betting, NFTs, and stadiums.
- Offers exclusive discounts and access to numerous VIP events for members.
- Primarily operates across the US and the UK, on a B2C basis.
- Operates in markets such as fitness and personal training, digital collectables, metaverse experiences, and talent recognition and promotion.
- Backed by some of the largest names in sports and technology.
- Offered as a fully relocatable opportunity.
- Works with experienced and knowledgeable subcontracted developers.
Financial Highlights
- £3.2m YE22 turnover.
- £929k YE22 adjusted EBITDA.
- £1.5m YE23 draft turnover.
- YE23 gross profit margin of 87%
- Has developed a multitude of digital assets.
