Client Collaborative Fund Invests in Freight Rail Tech Company Parallel Systems

In The News
April 14, 2025

Ropes & Gray represented Collaborative Fund in its investment in autonomous freight technology company Parallel Systems. Parallel has developed technology designed to integrate autonomous freight vehicles into the existing rail system.  Collaborative announced the investment on April 11.

Collaborative Fund is a venture capital firm investing across asset classes, identifying and supporting companies that live at the intersection of for-profit and for-good.

The team was led by venture capital and emerging companies partner Brad Flint and associate Joe Muller.