About Parasol
Parasol focuses on bringing more users into the web3 space, which is the next evolution of the internet. The company creates both hardware and software products that help developers and businesses build applications that use blockchain technology. These products enable financial institutions and gaming companies to create modern networks and ensure secure ownership of digital assets. Parasol stands out from its competitors by combining technology and entertainment, providing comprehensive tools that cater to a global market. The goal of Parasol is to facilitate the growth of the participatory internet and support the development of the new internet economy.
San Francisco, CaliforniaHeadquarters
2022Year Founded
$1.9MTotal Funding
EARLY_VCCompany Stage
Enterprise Software, Fintech, Crypto & Web3, GamingIndustries
1-10Employees
Risks
Emerging web3 startups may dilute Parasol's market share with innovative solutions.
Cryptocurrency market volatility poses financial risks to Parasol's operations.
Regulatory scrutiny on blockchain could increase compliance costs for Parasol.
Differentiation
Parasol integrates blockchain with entertainment, creating unique participatory internet experiences.
The company offers tools for developers to build blockchain-enabled financial and gaming applications.
Parasol's matchmaking service, Hito-Oshi, boasts a 50% matching rate, above industry average.
Upsides
Growing DeFi interest boosts demand for Parasol's blockchain financial solutions.
NFTs in gaming create opportunities for Parasol's blockchain-based game economies.
Web3 infrastructure expansion increases investment in Parasol's developer-focused products.
Funding
Total raised$1.95 M
Latest valuation$10.00 M
StageEARLY_VC
EARLY VC
12/31/2022$2
$10.00 M