Parasol

Parasol

Develops blockchain tools for web3 applications

About Parasol

Simplify's Rating
Why Parasol is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

Fintech

Crypto & Web3

Gaming

Company Size

1-10

Company Stage

Seed

Total Funding

$1.9M

Headquarters

San Francisco, California

Founded

2022

Overview

Parasol focuses on bringing more users into the web3 space and enhancing the new internet economy. The company develops both hardware and software products that help developers and businesses create blockchain-enabled applications. Their tools are designed to support financial institutions and gaming economies, ensuring secure ownership of digital assets. Parasol stands out from competitors by combining technology and entertainment to create unique solutions for a global audience. The goal is to facilitate the growth of the participatory internet and make advanced technology accessible to a wider range of users.

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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Parasol unique

  • 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.

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Funding

Total Funding

$1.9M

Above

Industry Average

Funded Over

1 Rounds

Early VC funding comparison data is currently unavailable. We're working to provide this information soon!
Early VC Funding Comparison
Coming Soon

Company News

PR Times
Dec 27th, 2024
Parasol secures funding for fun matchmaking

Parasol Inc., led by CEO Saki Ito, has secured funding from the Maezawa Fund to enhance its personalized matchmaking service, Hito-Oshi. The funds will be used to boost brand awareness and create a more enjoyable matchmaking experience. Hito-Oshi aims to transform the traditional image of matchmaking from "difficult" to "fun" through its unique matching planner system. The service boasts a 50% matching rate, significantly higher than the industry average.

Dev.to
May 23rd, 2023
Power Tools for Blockchain UI Development: $3.5M Seed Round, An Innovative Revenue Model, and Open Access to Contract Data

Writing Decentralized Applications is Hard Writing decentralized applications is...

Intelligence360
Feb 3rd, 2023
Parasol Technologies Has Filed A Notice Of An Exempt Offering Of Securities To Raise $2 Million In New Equity Investment.

Parasol Technologies has filed a notice of an exempt offering of securities to raise $2 Million in New Equity Investment. Parasol Technologies has filed a notice of an exempt offering of securities to raise $2 Million in New Equity Investment.According to filings with the U.S. Securities and Exchange Commission, Parasol Technologies is raising $1,999,996.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Tony Chen played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About Parasol TechnologiesParasol is building the future of the participatory internet. Our mission is to help businesses worldwide onboard the next billion people onto web3 to unlock the new internet economy. We are a team of creatives and system tinkerers that are driving innovation at the intersection of technology and entertainment

TechCrunch
Jul 13th, 2022
Meet The Newest Crypto Builders From Web3 Accelerator Alliance Dao’S Demo Day

It seems like every time a demo day ends, there’s a new one waiting around the corner – and as you know, TechCrunch is no stranger to covering them. Oftentimes these events are filled with traditional seed-stage tech companies based in Silicon Valley. But today, we’re highlighting the demo day for a new wave of crypto projects and teams who participated in the latest cohort for Alliance DAO, a web3 accelerator and builder community

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