Parcl Raises $7.5M for its Synthetic Digital Asset Protocol That Makes Real Estate Investment More Accessible
Summary
Parcl raised $7.5 million in a strategic round led by new and existing investors, bringing its total equity funding to $11.5 million. The company builds a Solana-based synthetic real estate protocol that lets users trade geographic exposure to housing markets without owning physical property. The round supports Parcl’s next testnet, upcoming mainnet launch, and broader growth plans for its digital real estate product. The company also says it may license its data feeds and software IP to third-party customers over time.
Funding
Amount
$7.5M
Total raised
Date
May 18, 2022
Announcement date
Investors
Innovation Acceleration Capital, Not Boring, FJ Labs, Fifth Wall Ventures
Lead investors
Company
parcl.co
Funded company
Classifications
industries
Hospitality
applications
No applications detected
AskAI Classifications
Labels
SaaS
Financial Technology
Data Analytics
Linked Companies
Parcl
$1M to $5M