jrk23 Happy to answer
As you know the participle rule: Any -ing words that are not verbs and not separated from the rest of the sentence by a comma will either be a noun, as in Playing soccer is fun, or modify another noun, as in The girl playing soccer is my sister.
So, here if 'looking' was verb then it would be sth 'is/was looking', but here it's not acting as a verb. So, it should be a modifier.
funded is also a modifier [past participle]
option A - a company was funded and looking for .... - the funding was done in the past & still looking to make....
if it was - a company was funded and looked for... - changed the meaning - the funding is done, it already looked to make .... [absurd]
You may also remember that the
sequence in participle modifier matters. The engineer fixed the problem (main clause), earning himself a promotion (comma -ing modifier)
Because the engineer fixed the problem, he earned the promotion & not the other way around.
Similarly, here, the company got funded and looking to make....
Wrong: The company is looking to make.... and then it got funded ... - NOPE
So, option A is correct and is the correct usage of parallelism.
Hope it helps. Let me know if you have any other questions.
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