Parsec Crypto Analytics Firm Raises $4 Million in Investment Round Led by Uniswap and Billionaire Novogratz’s Galaxy Digital
Pro on-chain DeFi and NFT analytics platform Parsec has secured $4 million in an investment round.
Sharing the news on X, the crypto-facing analytics platform revealed that the investment round was led by billionaire pro-crypto investor Mike Novogratz’s Galaxy Digital.
Other key investors include the popular decentralized exchange (DEX) and automated market maker (AMM) Uniswap. In addition, Robot Ventures, CMT Digital, and several other investors.
The Parsec platform also mentioned Will Price, Rice Maximalist, and Freddie Framer as part of its angel investor teams.
Since launching in 2020, Parsec Finance has focused on providing crypto-facing institutions with transparent and practical data they need to make decisions.
The platform enables crypto degens and institutions to access verifiable information across multiple blockchain networks and layer-2 scaling solutions as liquidity rapidly moves.
This mission has drawn the attention of several crypto investment heavyweights like Polygon Capital and Galaxy Digital.
The on-chain DeFi and NFT analytics firm raised $1.25 million in a pre-seed funding round in 2021. This recent raise is its second ever.
CEO and founder Will Sheehan explained that this new capital raise is focused on expanding the protocol’s user base.
This ideology is already in play as the Parsec Finance team announced the launch of its new Teams feature.
This functionality allows individuals working in an organization to use shared resources like private address labels, layouts, and the Parsec application programming interface (API).
Providing more information on the API, Parsec said it rolls up all the curated data into a Python software development kit (SDK) for data teams to retrieve them easily.
Speaking on
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