Parallel Finance Overview

  • Founded
  • 2021
Founded
  • Status
  • Private
  • Employees
  • 22
Employees
  • Latest Deal Type
  • Series 2
  • Investors
  • 17

Parallel Finance General Information

Description

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.

Contact Information

Website
www.parallel.fi
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Financial Software
Other Industries
Application Software
Other Financial Services
Primary Office
  • 1618 Sandhill Road
  • Suite 308
  • Palo Alto, CA 94304
  • United States

Parallel Finance Timeline

2022
Date FoundedFinancing RoundFinancing RoundCaptured Employee CountEstimated Employee Growth
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Parallel Finance Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC (Series 2) 22-Oct-2021 0000 00000 Completed Generating Revenue
2. Early Stage VC (Series A) 30-Aug-2021 0000 0000 00000 Completed Generating Revenue
1. Early Stage VC 14-Jun-2021 $2M $2M Completed Startup
To view Parallel Finance’s complete valuation and funding history, request access »

Parallel Finance Executive Team (1)

Name Title Board Seat Contact Info
Yubo Ruan Founder & Chief Executive Officer
To view Parallel Finance’s complete executive team members history, request access »

Parallel Finance Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %ile
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Parallel Finance Investors (17)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
Founders Fund Venture Capital Minority 000 0000 000000 0
gumi Cryptos Capital Venture Capital Minority 000 0000 000000 0
Sequoia Capital Venture Capital Minority 000 0000 000000 0
Alameda Research PE/Buyout Minority 000 0000 000000 0
Blockchain Capital Venture Capital Minority 000 0000 000000 0
You’re viewing 5 of 17 investors. Get the full list »

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