Tech Company Financing Transactions
Parallel Finance Funding Round
Coinbase Ventures, Section 32 and StarkWare Industries participated in a $5 million funding round for Parallel Finance. The funding round was recorded on 4/5/2022.
Transaction Overview
Company Name
Announced On
4/5/2022
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The fresh infusion of capital will go towards developing products beyond Polkadot, the open-source, blockchain platform and cryptocurrency, and enter ETH and NFT-related DeFi groups.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
1618 Sandhill Road Suite 308
Palo Alto, CA 94304
USA
Palo Alto, CA 94304
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Developer of decentralized finance lending platform designed to support token holders and projects to flexibly and put their idle capital to earn interests. The company's platform offers to lend, stake, and borrow and is built on the Polkadot ecosystem, enabling depositors to lend and stake simultaneously to earn double interests.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Yubo Ruan
Chief Marketing Officer
Jennifer Kong
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About Database of VC Transactions
We do our best to document every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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