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Parallel Finance

Parallel Finance is a decentralized lending and staking protocol on Polkadot and Ethereum.

3

Funding Rounds

$34.0m

Money raised

Overview

Parallel Finance is a decentralized lending and staking protocol on Polkadot and Ethereum.

Funding series

Funding Series Analysis

The company Parallel Finance has raised a total of $22m in funding over 3 rounds.

Key Insights:

  • Parallel Finance Series A round, August 2021: $22m
  • Parallel Finance Seed round, June 2021: $2m
  • Parallel Finance Venture round, April 5, 2022: $5m
Parallel Finance logo
Parallel Finance Series A round, August 2021 $22m
Parallel Finance logo
Parallel Finance Seed round, June 2021 $2m
Parallel Finance logo
Parallel Finance Venture round, April 5, 2022 $5m

Industries

Parallel Finance is active in the following industries:
  • Smart contract
  • Decentralized Finance
  • Financial services
  • Decentralized autonomous organization (DAO)
  • Blockchain and cryptocurrency