Parallel Finance
Built for what comes next
San Francisco, United States · Founded 2021 · $5.0M raised
- Headquarters
- San Francisco, California
- Employees
- 51–200
- Founded
- 2021
- Business Model
- B2C
- Website
- parallel.fi
- Total Funding
- $5.0M
- Last Round
- $5.0M Corporate RoundApr 2022
- Rounds
- 3
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 3 funding rounds and 7 investors for this company. The full record is or through the API.
About
Parallel Finance is a decentralized finance platform built on the Polkadot blockchain ecosystem, offering lending, borrowing, and staking services. The protocol enables users to simultaneously earn staking rewards while using staked assets as collateral to borrow other assets, maximizing capital efficiency in the DeFi space. Parallel Finance operates from San Francisco with a globally distributed team.
Summary
Parallel Finance is a Crypto & Web3 company based in San Francisco, United States, founded in 2021. It has raised $5.0M in total across 3 rounds, most recently a $5.0M Corporate Round in Apr 2022. Investors include Polychain Capital, Pantera Capital and Lightspeed Venture Partners.
Tech & App Stack
6 technologies & apps tracked
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Funding History
Apr 2022
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Funding: Seed through Corporate Round. Amounts, valuations, and investors where available.
Investors
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