Paralink Network
Real world data ingress for modern cross-chain applications built on Polkadot.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round |
$2.8m | Seed | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | (71 %) | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Paralink Network, founded in 2020 by Jan Knezevic, operated as a multi-chain oracle platform for decentralized finance (DeFi) and other blockchain applications. Knezevic, who serves as the CEO, has a background in business, economics, and auditing with firms like KPMG, which led him to blockchain consulting and eventually to identify the limitations of blockchain applications in accessing real-world data. The company aimed to solve the "blockchain oracle problem," where blockchains lack the ability to natively ingest external information.
The business developed a cross-chain application to provide a multichain oracle platform, enabling smart contracts on networks like Ethereum and Polkadot to connect with real-world data. Paralink's open-source node was designed to collect, validate, and aggregate datasets from various sources, including web APIs and SQL databases. A key component of its technology was the Paralink Query Language (PQL), a proprietary language that allowed developers to create custom queries for data such as real-world events, weather, and sports. The platform's on-chain consensus layer was built on Polkadot's Substrate to ensure high security and lower costs compared to performing similar computations on Ethereum.
Paralink's business model revolved around its native utility token, PARA. This token was used for governance, allowing holders to stake their tokens to vote on matters like the management of the relayer quorum. In return for staking and participating in governance, users would earn rewards. In January 2021, Paralink announced it had raised $2.8 million in a seed funding round from investors including LD Capital, Kenetic, 3Commas, Genesis Block Ventures, and NGC Ventures. However, according to market data, the company is now out of business as of March 2025.
Keywords: multichain oracle, decentralized finance, DeFi, blockchain data, Polkadot, real-world data, oracle platform, cross-chain applications, smart contracts, PQL, Paralink Query Language, data aggregation, on-chain consensus, Jan Knezevic, PARA token, data ingress, blockchain oracle problem, web APIs, SQL databases, Ethereum, Polkadot Substrate