Distributed ledger analytics company PARSIQ closes $3 million first round of funding

The lead investor in the round was Solana Foundation, along with Elevate Ventures, Mindworks VC, Axi8 Ventures and others.

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DLT analytics company PARSIQ has received a huge $3 million investment in its first Series A round of funding from investors that include the directors of Novi, Facebook’s digital wallet, U.Today reported on June 16.

Facebook’s Director of Digital Wallet Research Invests in PARSIQ

Evan Cheng, director of research for Facebook’s Novi digital wallet (formerly known as Calibra), is one of the blockchain company’s Series A investors. Evan Cheng stepped in as an individual investor, while the others were institutional investors.

The main investors in the round were Solana Foundation, as well as Elevate Ventures, Mindworks VC, Axi8 Ventures and others.

Previously, PARSIQ has only ever received funding from its public token sale in 2019.

PARSIQ to launch partnership with Solana

PARSIQ intends to work with venture capital firms after closing this round as part of its strategic partnership, where it will offer shares to partners if the project is successful.

In particular, PARSIQ will start a partnership with the Solana Foundation to integrate its smart triggers into projects in the Solana ecosystem.

Currently, PARSIQ has worked with major blockchains such as Bitcoin, Ether, and Coin Smartchain.

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