Parsec, an on-chain DeFi and NFT analytics platform has raised $4 million in an investment round. The round was led by Galaxy Digital, the pro-crypto investor Mike Novogratz’s firm. Other key investors include Uniswap, Robot Ventures, CMT Digital, and several others. Additionally, Parsec has angel investors such as Will Price, Rice Maximalist, and Freddie Framer. Since its launch in 2020, Parsec Finance has been focused on providing transparent and practical data to crypto-facing institutions.

The platform allows users to access verifiable information across multiple blockchain networks. This has attracted the attention of notable investors like Polygon Capital and Galaxy Digital. Previously, Parsec Finance raised $1.25 million in a pre-seed funding round in 2021. CEO and founder Will Sheehan stated that the recent capital raise will be used to expand the user base and the team. Parsec Finance recently launched its Teams feature, allowing individuals in an organization to share resources. The platform also offers an API that consolidates curated data into a Python SDK for data teams.

Sheehan highlighted that Parsec Finance aims to provide real value to the DeFi and decentralized economy and plans to expand the team to develop more on-chain tools. The platform’s customizable and modular dashboard, with 110 customizable components, has enabled it to compete with industry giants like Nansen and Messari. Parsec Finance currently offers its analytics services on various blockchain networks, including Ethereum, Arbitrum, and Avalanche, and plans to expand to at least five to 10 more networks, including Polygon and Monad.


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