Uniswap

Galaxy

Rice

Polygon

<![CDATA[<figure class="image"><img src="https://cimg.co/news/126283/333457/parsec.jpg" alt="" srcset="https://cimg.co/news/126283/333457/responsive-images/parsec___media_library_original_1300_650.jpg 1300w, https://cimg.co/news/126283/333457/responsive-images/parsec___media_library_original_1200_600.jpg 1200w, https://cimg.co/news/126283/333457/responsive-images/parsec___media_library_original_900_450.jpg 900w, https://cimg.co/news/126283/333457/responsive-images/parsec___media_library_original_720_360.jpg 720w, https://cimg.co/news/126283/333457/responsive-images/parsec___media_library_original_600_300.jpg 600w, https://cimg.co/news/126283/333457/responsive-images/parsec___media_library_original_300_150.jpg 300w" sizes="100vw" width="1300" class="content-img"><figcaption>Source: Parsec</figcaption></figure>Pro on-chain DeFi and NFT analytics platform Parsec has secured $4 million in an investment round.&nbsp;Sharing the news on X, the crypto-facing analytics platform revealed that the investment round was led by billionaire pro-crypto investor Mike Novogratz&rsquo;s Galaxy Digital.<figure class="media"><oembed url="https://twitter.com/galaxyhq/status/1712158450715603250?t=Wkg5TuAMG5mle1XpDwBHjA&amp;s=19"></oembed></figure>Other key investors include the popular <a href="https://cryptonews.com/guides/top-10-decentralized-exchanges-dex-in-2021.htm">decentralized exchange</a> (DEX) and <a href="https://cryptonews.com/exclusives/automated-market-makers-amms-comparison-2020-8208.htm">automated market maker</a> (AMM) Uniswap. In addition, Robot Ventures, CMT Digital, and several other investors.&nbsp;The Parsec platform also mentioned Will Price, Rice Maximalist, and Freddie Framer as part of its angel investor teams.&nbsp;<figure class="media"><oembed url="https://twitter.com/parsec_finance/status/1712153207344914687?t=2fYp7557720YUDvG-OoJuA&amp;s=19"></oembed></figure>Since launching in 2020, Parsec Finance has focused on providing crypto-facing institutions with transparent and practical data they need to make decisions.&nbsp;The platform enables crypto degens and institutions to access verifiable information across multiple blockchain networks and layer-2 scaling solutions as liquidity rapidly moves.&nbsp;This mission has drawn the attention of several crypto investment heavyweights like Polygon Capital and Galaxy Digital.&nbsp;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&rsquo;s user base.This ideology is already in play as the Parsec Finance team announced the launch of its new Teams feature.<figure class="media"><oembed url="https://twitter.com/parsec_finance/status/1712153206128562641?t=jUucWzBzjIGGctvkX5qbdQ&amp;s=19"></oembed></figure>This functionality allows individuals working in an organization to use shared resources like private address labels, layouts, and the Parsec application programming interface (API).&nbsp;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.<h2 id="raise-focused-on-product-and-team-building">Raise Focused on Product and Team Building</h2>Speaking on the recent milestone, Sheehan stated that Parsec Finance has focused more on providing real value to the <a href="https://cryptonews.com/news/defi-value-locked-reaches-nearly-42-billion-as-token-market-experiences-significant-growth-heres-latest.htm">DeFi </a>and decentralized economy rather than rushing to the market, hence its slow start.However, he noted that this recent raise will be crucial in accelerating the blockchain analytics platform&rsquo;s plans.&nbsp;According to Sheehan, Parsec Finance will aim to expand its eight-man team to roll out more on-chain tools for users to tap into.Speaking on the platform&rsquo;s unique selling proposition (USP), Parsec&rsquo;s Sheehan said its customizable and modular dashboard has seen it compete favorably with industry giants like Nansen and Messari.&nbsp;The DeFi and <a href="https://cryptonews.com/guides/nft/">NFT</a> analytics service provider has 110 customizable components rendered in real-time on the dashboards as visualizations.&nbsp;These easy-to-under infographics make it easy for users to act quickly on the information curated.&nbsp;Parsec Finance currently offers its on-chain analytics services on <a href="https://cryptonews.com/guides/ethereum/">Ethereum</a>, Arbitrum, Optimism, <a href="https://cryptonews.com/news/base-commits-decentralization-collective-growth-of-optimism-collectives-l2-ecosystem.htm">Base</a>, zkSync, Avalanche, Canto, and Mantle.&nbsp;According to its founder, the protocol is gearing up to expand its on-chain presence in at least five to 10 blockchain networks. <a href="https://cryptonews.com/coins/matic-polygon/">Polygon</a>, Scroll, Monad, dYdX, and Berachain are among the targeted blockchains for this expansion.
]]>

Parsec Crypto Analytics Firm Raises $4 Million in Investment Round Led by Uniswap and Billionaire Novogratz’s Galaxy Digital

Table of Contents

Cryptonews.com

Other articles published on Oct 11, 2023

Nov. is when bitcoin analysts expect price movement to resemble previous cycles.

Fisker Stock Gains 5%: Can October Be The Game Changer For FSR?

Crypto Analyst Names Six Disregarded Altcoins That May Be About to See a Price Increase

New Record from Bitcoin! Glassnode Report!

Bitcoin Miners Sell Off in BTC, ETH, and XRP: Latest Status and End-of-Year Targets for BTC, ETH,...

Wormhole Foundation, Borderless Capital and Outlier Ventures Launch The Wormhole Base Camp Accele...

Join our free newsletter for daily crypto updates!