Interleaved parallel cascaded multilevel technology is an attractive approach for converters to achieve high efficiency, high-power density, and high modularity. In this letter, a novel single-phase interleaved parallel cascaded three-level (IPC-TL) power factor correction (PFC) converter is proposed. It is formed by cascading two interleaved parallel totem-pole PFC cells. The proposed topology exhibits the merits of lower inductance volt-second and inductor current ripples, lower common-mode noise, and lower control cost, compared with the traditional IPC-TL topology. A laboratory-scale experimental prototype is developed to verify the effectiveness of the proposed topology.