ParallelChain Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Private

  • Employees
  • 22

Employees

  • Latest Deal Type
  • Early Stage VC

  • Latest Deal Amount
  • $50M

  • Investors
  • 18

ParallelChain General Information

Description

Developer of platform and applications designed for blockchain businesses. The company offers a unique blockchain platform with real time updates, several industry specific applications, as well as ability to port users' existing blockchain apps to run more effectively on the its platform, enabling users to resolve the concerns of scalability, security, testability and usability of blockchain technology.

Contact Information

Website
www.parallelchain.io
Formerly Known As
Digital Transaction Limited, Digital Transaction
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Cyberport 3 Core E, Room 11 & 13
  • 100 Cyberport Rd
  • Hong Kong
  • Hong Kong
+852 2325
Primary Industry
Financial Software
Other Industries
Software Development Applications
Application Software
Vertical(s)
Cryptocurrency/Blockchain, FinTech
Corporate Office
  • Cyberport 3 Core E, Room 11 & 13
  • 100 Cyberport Rd
  • Hong Kong
  • Hong Kong
+852 2325

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ParallelChain Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
3. Early Stage VC 23-Sep-2022 $50M Completed Generating Revenue
2. Early Stage VC (Series A) 09-Dec-2019 Completed Generating Revenue
1. Angel (individual) 20-Feb-2018 $2.2M $2.2M Completed Startup
To view ParallelChain’s complete valuation and funding history, request access »

ParallelChain Patents

  • 2

    Total Documents Applications and Grants

  • Total Patents Families

  • 2

    Granted

  • Pending

  • Expiring in next 12 mo

ParallelChain Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20210297265-A1 Systems and methods for proving immutability of blockchains Active 23-Mar-2020
US-11570005-B2 Systems and methods for proving immutability of blockchains Active 23-Mar-2020

ParallelChain Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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ParallelChain Investors (18)

Investor Name Investor Type Holding Investor Since Participating Rounds
Alfa Catalyst Venture Capital Minority
Brotherhood Capital Venture Capital Minority
Coinvestor Ventures Venture Capital Minority
Daovergence (DVG) Venture Capital Minority
Doble J Capital Venture Capital Minority
You’re viewing 5 of 18 investors. Get the full list »

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ParallelChain FAQs

  • When was ParallelChain founded?

    ParallelChain was founded in 2018.

  • Where is ParallelChain headquartered?

    ParallelChain is headquartered in Hong Kong, Hong Kong.

  • What is the size of ParallelChain?

    ParallelChain has 22 total employees.

  • What industry is ParallelChain in?

    ParallelChain’s primary industry is Financial Software.

  • Is ParallelChain a private or public company?

    ParallelChain is a Private company.

  • What is ParallelChain’s current revenue?

    The current revenue for ParallelChain is .

  • How much funding has ParallelChain raised over time?

    ParallelChain has raised $80.2M.

  • Who are ParallelChain’s investors?

    Alfa Catalyst, Brotherhood Capital, Coinvestor Ventures, Daovergence (DVG), and Doble J Capital are 5 of 18 investors who have invested in ParallelChain.

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