Parallel Polkadot Lending
Total Value Locked$0
TVL by Chain
Heiko$0
Parallel$0
Key Metrics
Borrowed$0
Total Raised$29m
Jun 14, 2021$2mRound: Pre-SeedInvestors: Pantera Capital, Polychain Capital, Lightspeed Venture Partners, Breyer Capital, 8 Decimal Capital, Hypersphere VenturesSource: https://www.coindesk.com/tech/2021/06/14/lending-startup-parallel-finance-raises-2m-to-bring-more-defi-to-polkadot-kusama/
Aug 30, 2021$22mRound: Series AInvestors: Polychain Capital, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital, Alameda ResearchSource: https://www.coindesk.com/tech/2021/08/30/polkadots-parallel-finance-raises-22m-at-150m-valuation/
Apr 5, 2022$5mRound: Strategic Investors: Coinbase Ventures, StarkWare, Section 32Source: https://www.coindesk.com/business/2022/04/05/defi-super-app-parallel-finance-doubles-valuation-plans-up-to-60m-series-b/
Parallel Polkadot Lending
Total Value Locked$0
TVL by Chain
Heiko$0
Parallel$0
Key Metrics
Borrowed$0
Total Raised$29m
Jun 14, 2021$2mRound: Pre-SeedInvestors: Pantera Capital, Polychain Capital, Lightspeed Venture Partners, Breyer Capital, 8 Decimal Capital, Hypersphere VenturesSource: https://www.coindesk.com/tech/2021/06/14/lending-startup-parallel-finance-raises-2m-to-bring-more-defi-to-polkadot-kusama/
Aug 30, 2021$22mRound: Series AInvestors: Polychain Capital, Lightspeed Venture Partners, Slow Ventures, Blockchain Capital, Alameda ResearchSource: https://www.coindesk.com/tech/2021/08/30/polkadots-parallel-finance-raises-22m-at-150m-valuation/
Apr 5, 2022$5mRound: Strategic Investors: Coinbase Ventures, StarkWare, Section 32Source: https://www.coindesk.com/business/2022/04/05/defi-super-app-parallel-finance-doubles-valuation-plans-up-to-60m-series-b/
Protocol Information
Parallel Finance is a Decentralized Money Market Protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. Depositors can lend and stake simultaneously to earn double yield on their staked coins, and borrowers can collateralize to borrow.
Category:Lending