Tech Company Financing Transactions
Parallax Labs Funding Round
Parallax Labs, based in New York, scored $4.5 million from Dragonfly Capital, Circle Ventures and General Catalyst Partners.
Transaction Overview
Company Name
Announced On
9/12/2023
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Seed
Investors
Dragonfly Capital (Lead Investor)
private investors (Balaji Srinivasan)
private investors (Zach Abrams)
Proceeds Purpose
Parallax's funding will be used for hiring and its next phase of expansion. "We want to grow the team even more and then build up more of an infrastructure to enable those faster and cheaper payments for more users.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
245 East 93rd Street 19b
New York, NY 10128
USA
New York, NY 10128
USA
Phone
Undisclosed
Website
Email Address
Overview
Welcome to Parallax, your one-stop solution for hassle-free, affordable, and lightning-fast international payments. We redefine the way money crosses borders, starting with helping freelancers, remote workers, and global professionals manage their finances.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Founder
Kim Abrams
Founder
Justin Banusing
Founder
Phil Hedayatnia
Founder
Charles Hua
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We report on tech company VC transactions. VC transactions on this site come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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