ParallelChain Overview

  • Year Founded
  • 2018

Year Founded

  • Status
  • Private

  • Employees
  • 22

Employees

  • Latest Deal Type
  • 2ndary - Private

  • Investors
  • 15

ParallelChain General Information

Description

Developer of blockchain software designed to provide decentralized identity and high-performance infrastructure. The company offers a unique blockchain platform with real-time updates, several industry-specific applications, and the ability to port users' existing blockchain apps to run more effectively on its platform, thereby enabling users to address scalability, security, testability, and usability concerns with blockchain technology.

Contact Information

Website
www.parallelchain.io
Formerly Known As
Digital Transaction Limited, Digital Transaction, Digital Trading
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • Exchange Square, Central
  • Hong Kong
  • Hong Kong
Primary Industry
Financial Software
Vertical(s)
Cryptocurrency/Blockchain, FinTech
Corporate Office
  • Exchange Square, Central
  • Hong Kong
  • Hong Kong

Want detailed data on 11M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

ParallelChain Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Secondary Transaction - Private 06-Jul-2026 Completed Generating Revenue
8. Secondary Transaction - Private 03-Jul-2025 Completed Generating Revenue
7. Secondary Transaction - Private 18-Feb-2025 Completed Generating Revenue
6. Secondary Transaction - Private 20-Jan-2025 Completed Generating Revenue
5. Secondary Transaction - Private 07-Jan-2025 Completed Generating Revenue
4. Early Stage VC 01-Jun-2024 Completed Generating Revenue
3. Early Stage VC 23-Sep-2022 Completed Generating Revenue
2. Early Stage VC (Series A) 09-Dec-2019 $28M $30.2M 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 »

VC Exit Predictor

See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.

Opportunity Score

Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.

Exit Type

Evaluates the likelihood of a successful exit for investors, and the most likely exit type.

Request a free trial

ParallelChain Patents

  • 3

    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-11570005-B2 Systems and methods for proving immutability of blockchains Active 23-Mar-2020
US-20210297265-A1 Systems and methods for proving immutability of blockchains Active 23-Mar-2020
WO-2019223681-A1 Blockchain-based transaction platform with enhanced scalability, testability and usability Inactive 22-May-2018 G06Q10/00

ParallelChain Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

ParallelChain Investors (15)

Investor Name Investor Type Holding Investor Since Participating Rounds
Alpha Capital (Kazakhstan) Venture Capital Minority
AlfaCatalyst Ventures Venture Capital Minority
Brotherhood Capital Venture Capital Minority
Coinvestor Ventures Venture Capital Minority
Daovergence (DVG) Venture Capital Minority
You’re viewing 5 of 15 investors. Get the full list »

Ready to get started?

Request a free trial

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?

    Alpha Capital (Kazakhstan), AlfaCatalyst Ventures, Brotherhood Capital, Coinvestor Ventures, and Daovergence (DVG) are 5 of 15 investors who have invested in ParallelChain.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read more

  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process