PARSIQ, a blockchain infrastructure platform, announced earlier this week that it had completed its $ 3 million Series A funding round. The round was supported by the Solana Foundation and Axia8 Ventures.
Mindworks VC, Krypital Group, CoinUnited, Transfero Swiss, Elevate Ventures, Sanctum Ventures and others also took part. Finally, Evan Cheng, Director of Research at Facebook’s Novi Financial (formerly Calibra), also took part in the round.
The financing round was developed to attract new strategic partners and to better position PARSIQ in the cryptocurrency ecosystem. This Series A offers large actors a share in the success of the project. PARSIQ will work with the new investors primarily on product development, market launch strategies and marketing.
“We are very pleased to have the support of this diverse and highly respected group of participants in the crypto ecosystem. While our runway was more than adequate from our previous raise; We felt that in order to guarantee the success of our project, we needed additional support from key stakeholders. “
– Tom Tirman, CEO of PARSIQ
PARSIQ currently supports important blockchains such as Bitcoin, Ethereum, Dash; as well as Solana, Binance Smart Chain (BSC) and others. Following this round, PARSIQ will work with the Solana Foundation to bring its smart triggers to Solana ecosystem projects; This allows them to easily read and respond to blockchain data without having to develop custom solutions.
“Reliable and easy access to blockchain data on Solana means projects built on our platform have fewer headaches building their stack. This allows you to concentrate on your product and PARSIQ is able to build a bridge between the off- and on-chain world. “
– Anatoly Yakovenko, CEO of Solana Labs