Parallel Finance
PrivateLast Round
Strategic
Apr 5, 2022
Est. Valuation
$500M
Total Funding Raised
$29M
Company Overview
Parallel Finance operates in Crypto & Web3 and is based in San Francisco, California. Its latest recorded funding round was a Strategic round in April 2022.
Parallel Finance is a decentralized finance company that provides a platform for lending, staking, and borrowing across multiple blockchains to optimize liquidity and earning potential.
Sector
Crypto & Web3
Verticals
DeFi, Lending & Credit, Staking Platforms, Blockchain Infrastructure, Cross-Chain
Business Model
B2C
Customer Profile
Payment Processing Fee, Revenue Share
AI Layer
Non-AI
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Parallel Finance Comparables
Compare Parallel Finance with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| Avara | 82% | |
| Bifrost Finance | 78% | |
| BENQI | 78% |
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Parallel Finance Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Strategic | Apr 5, 2022 | ||||
| Strategic | Nov 8, 2021 | ||||
| Series A | Aug 30, 2021 | ||||
| Seed | Jun 14, 2021 |
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Parallel Finance Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Slow Ventures | Series A |
| S32 | Strategic |
| Breyer Capital | Seed |
| Blockchain Capital | Series A |
| Alameda Research | Series A |
| Polychain Capital | Seed, Series A |
| Founders Fund | Seed, Strategic |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 5, 2022
$5M round led by S32 and Coinbase Ventures.
- Aug 30, 2021
$22M round led by Polychain Capital
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Parallel Finance Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Parallel Finance's valuation, stock price, and market status.
Is Parallel Finance a public or private company?
Parallel Finance is a private company.
What is the current stock price of Parallel Finance?
Parallel Finance is a private company, so its shares have no public market price. Caplight tracks Parallel Finance's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Parallel Finance worth (valuation)?
Parallel Finance's valuation is estimated at $500.0M based on funding round data.
Can I buy Parallel Finance stock?
Parallel Finance shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Parallel Finance's last funding round?
Parallel Finance's most recent funding round was Strategic on April 5, 2022.
Who are the main investors in Parallel Finance?
Key investors in Parallel Finance include S32, Polychain Capital, Founders Fund, Sequoia Capital, Coinbase Ventures.
Will Parallel Finance IPO soon?
No public IPO plans have been announced for Parallel Finance.
How can I track Parallel Finance secondary market activity?
Caplight tracks bids, offers, and trades in Parallel Finance's shares on secondary markets.