# Parcl

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/parcl

- Industry: Financial Services
- Headquarters: Sheridan, US
- Website: www.parcl.co
- Total disclosed funding: $4M
- Latest round: Seed (Nov 17, 2021)
- Investors on record: 10

## About

Based in New York, US, and founded in 2022 by its CEO Trevor Bacon, and co-founders Kellan Grenier and Jason Lewris, Parcl Inc. operates as a blockchain-based real estate platform that allows users to invest in a digital square foot of real estate in the  neighborhoods. In May 2022, Parcl Inc. raised USD 7.5 million in venture funding from returning investors Archetype, Dragonfly Capital, FJ Labs, Not Boring Capital, Shima Capital, and Solana Labs, Inc., with participation from new investors Big Brain Holdings, Eberg Capital, Fifth Wall Ventures, IA Ventures, and Jaws Ventures. An individual investor also participated in the round. 

Parcl Inc. is built on Solana, a blockchain specifically designed to host decentralized and scalable applications. Its protocol allows users to invest in trade-specific geographical real estate markets, enabling directional investment and hedging strategies in the asset class. The Parcl price feed is a proprietary valuation index that continuously tracks the underlying price movements of the real estate assets represented by each Parcl geo-boundary, and real-time price updates flow into the smart contracts via an oracle.

## Funding rounds

- Seed, Nov 17, 2021, $4M — Slow, FJ Labs, Coinbase Ventures, Tribe Capital, Dragonfly Digital Management, Solana Labs, Inc., Shima Capital, Archetype, Not Boring Capital, ParaFi Capital

## Investors

- Slow (https://capitalatlas.ai/funds/slow) — Seed
- FJ Labs (https://capitalatlas.ai/funds/fj-labs) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Dragonfly Digital Management (https://capitalatlas.ai/funds/dragonfly-digital-management) — Seed
- Solana Labs, Inc. — Seed
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Seed
- Archetype — Seed
- Not Boring Capital (https://capitalatlas.ai/funds/not-boring-capital) — Seed
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Seed