PARSIQ, a blockchain infrastructure platform, introduced earlier this week it has closed its $3 million Sequence A funding spherical. The spherical was backed by the Solana Basis and Axia8 Ventures.
As well as, participation got here from Mindworks VC, Krypital Group, CoinUnited, Transfero Swiss, Elevate Ventures, Sanctum Ventures, and others. Lastly, Evan Cheng, Director of Analysis at Fb’s Novi Monetary (previously Calibra) additionally contributed to the spherical.
The funding spherical was devised to acquire new strategic companions and higher place PARSIQ within the cryptocurrency ecosystem. This Sequence A presents main gamers a stake within the undertaking’s success. Above all, PARSIQ will work with the brand new traders on product improvement, go-to-market methods, and advertising and marketing.
“We’re excited to have obtained the help of this numerous and extremely regarded set of crypto ecosystem members. Whereas our runway was greater than adequate from our earlier increase; we felt that to ensure the success of our undertaking, we wanted extra help from main gamers.”
– Tom Tirman, CEO of PARSIQ
At present, PARSIQ helps main blockchains together with Bitcoin, Ethereum, Sprint; in addition to Solana, Binance Sensible Chain (BSC), and others. Following this spherical, PARSIQ will collaborate with the Solana Basis to carry its Sensible-Triggers to Solana ecosystem initiatives; permitting them to simply learn and reply to blockchain knowledge with out having to develop customized options.
“Having dependable and easy entry to blockchain knowledge on Solana implies that initiatives constructing on our platform may have fewer complications in constructing out their stack; permitting them to focus on their product and PARSIQ is positioned to assist bridge the off-chain and on-chain world.”
– Anatoly Yakovenko, CEO of Solana Labs