Parallel

Private

TorontoMedia, Entertainment & Gaminghttps://parallel.life/

Last Round

Seed

Apr 3, 2025

Est. Valuation

$500M

Total Funding Raised

$53.5M

Company Overview

Parallel is an entertainment software company that develops a sci-fi trading card game platform utilizing blockchain technology and NFTs.

Sector

Media, Entertainment & Gaming

Verticals

Web3 Gaming, Gaming, NFT Platforms, Tokenization, NLP & Conversational AI

Business Model

B2C

Customer Profile

Marketplace Commission, Usage-Based SaaS, Subscription SaaS

AI Layer

Application

Keywords

web3 gamingplay-to-earnNFT trading card gameblockchain gamingAI agentsdigital collectiblesautonomous agentscrypto gaminggamefiutility tokenagent protocolAI-native gamesdigital ownershipbattle passon-chain assets

Historical Pricing

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Parallel Comps

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Parallel comps — public and private peers by sector, stage, and business model
Company	Status	Est. Valuation	Rev Multiple
OpenAI	Private	$86.0B	~40x
Cohere	Private	$5.0B	--
Competitor 1	Public	$XX.XB	XXx
Competitor 2	Public	$XX.XB	XXx

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Parallel Funding Rounds

Historical fundraising activity

Data table
Round	Date	Amount Raised	Valuation	Investors	Sources
Seed	Apr 3, 2025
VC Round	Mar 27, 2024
Series A	Oct 21, 2021

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Key People

Founding team and executive leadership

Paul Chan

COO

Executive Team

Parallel Investors

Notable investors and investment history

Parallel investors
Investor	Rounds
Builder Capital	VC Round
VanEck	VC Round
Yunt Capital	Series A
Kima Ventures	Seed
Solana Ventures	VC Round
Solana Foundation	VC Round
Focus Labs	VC Round, Series A

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Market signals

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Apr 3, 2025
$4M raised in Seed round.
Mar 27, 2025
Launched on Android in the Philippines.

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Parallel Filings

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Data table
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Parallel Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersToronto

Employee Range64

Year Founded2021

Last FundingApr 3, 2025

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