Parallel

Parallel

Private
Toronto, OntarioCrypto & Web3https://www.parallel.life

Last Round

Seed

Apr 3, 2025

Est. Valuation

$500M

Total Funding Raised

$53.5M

Momentum Score

25 /100

Company Overview

Parallel (Entertainment Software) is a gaming and blockchain technology company that offers a sci-fi card game platform enabling users to diversify their cryptocurrency through NFT-based gaming and the purchase of original 3D art, digital collectible cards, and artifacts on the Ethereum network.

Sector

Crypto & Web3

Verticals

Web3 Gaming, NFT Platforms, Gaming, Tokenization

Business Model

B2C

Customer Profile

Freemium, Marketplace Commission, Hardware Sales

AI Layer

Application

Keywords

trading card gameTCGNFT gameWeb3 gamingNFT cardscrypto gameplay-to-earnP2EGameFisci-fi gamedigital collectiblesEthereum gamefree-to-playF2PPRIME tokenAI simulation gamemarketplace commission

Historical Pricing

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Caplight Momentum Score

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Parallel Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Parallel Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
SeedApr 3, 2025
VC RoundMar 27, 2024
Series AOct 13, 2021

Key People

Founding team and executive leadership

Paul Chan

COO

Executive Team

Parallel Investors

Notable investors and investment history

InvestorRounds
Builder CapitalVC Round
VanEckVC Round
Yunt CapitalSeries A
Kima VenturesSeed
Focus LabsVC Round, Series A
DevmonsVC Round
Synergis CapitalVC Round

Market signals

Structured signals derived from secondary market and firmographic data.

  • Apr 3, 2025

    $4M raised in Seed round.

  • Mar 27, 2025

    Launched on Android in the Philippines.

Parallel Filings

SEC and related filings with document metadata.

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Parallel Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Parallel's valuation, stock price, and market status.

Firmographic Details

HeadquartersToronto, Ontario
Employee Range80
Year Founded2019
Last FundingApr 3, 2025

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