PARSIQ, a blockchain infrastructure platform, announced earlier this week it has closed its $3 million Series A funding round. The round was backed by the Solana Foundation and Axia8 Ventures.
In addition, participation came from Mindworks VC, Krypital Group, CoinUnited, Transfero Swiss, Elevate Ventures, Sanctum Ventures, and others. Lastly, Evan Cheng, Director of Research at Facebook’s Novi Financial (formerly Calibra) also contributed to the round.
The funding round was devised to obtain new strategic partners and better position PARSIQ in the cryptocurrency ecosystem. This Series A offers major players a stake in the project’s success. Above all, PARSIQ will work with the new investors on product development, go-to-market strategies, and marketing.
“We are excited to have received the support of this diverse and highly regarded set of crypto ecosystem participants. While our runway was more than sufficient from our earlier raise; we felt that to guarantee the success of our project, we needed additional support from major players.”
– Tom Tirman, CEO of PARSIQ
Currently, PARSIQ supports major blockchains including Bitcoin, Ethereum, Dash; as well as Solana, Binance Smart Chain (BSC), and others. Following this round, PARSIQ will collaborate with the Solana Foundation to bring its Smart-Triggers to Solana ecosystem projects; allowing them to easily read and respond to blockchain data without having to develop custom solutions.
“Having reliable and simple access to blockchain data on Solana means that projects building on our platform will have fewer headaches in building out their stack; allowing them to concentrate on their product and PARSIQ is positioned to help bridge the off-chain and on-chain world.”
– Anatoly Yakovenko, CEO of Solana Labs