Parcl

Parcl

Digital platform for trading real estate assets

About

Parcl provides a platform for trading real estate assets similar to how stocks or digital currencies are traded. Users can buy and sell shares of real estate markets based on various performance metrics, allowing them to invest in real estate without the need to purchase physical properties. The platform currently features markets in major cities like Chicago and Los Angeles, with plans for expansion to other global cities. Parcl differentiates itself from competitors by focusing on a digital trading experience, offering trading fees as its primary revenue source, along with referral and liquidity provider programs to engage users. The goal of Parcl is to make real estate investment accessible and engaging for individual investors and traders.

Company Stage

Series A

Employees

11-50

Industries

Fintech, Real Estate

Total Funding

$11.3M

Headquarters

New York City, New York

Founded

2021


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Simplify's Take

What believers are saying

  • Partnership with SkyBridge Capital enhances growth in institutional finance.
  • Expansion into international cities increases market access and investment opportunities.
  • Growing interest in fractional real estate investment boosts platform demand.

What critics are saying

  • Increased competition from other blockchain-based real estate platforms.
  • Volatility of the Solana blockchain poses stability risks.
  • Regulatory scrutiny on digital asset trading platforms may impact operations.

What makes Parcl unique

  • Parcl offers a unique platform for trading real estate like stocks.
  • The platform uses blockchain technology for transparency and reduced transaction costs.
  • Parcl's city indexes provide exposure to global real estate market price movements.

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Growth & Insights
Headcount

6 month growth

-10%

1 year growth

-5%

2 year growth

-30%

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