Parallel
An application that provides users with the opportunity to purchase, collect, and showcase digital blockchain collectibles.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor investor | €0.0 Valuation: €0.0 | round | |
| investor | €0.0 | round | |
* | $35.0m Valuation: $500m | Early VC | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 31 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Parallel is an innovative company operating in the digital entertainment and gaming sector. The company has developed a unique sci-fi universe, ParaSet, where five factions battle for dominance. Users can assemble decks and engage in strategic battles, enhancing their gaming experience with collectible cards and redeemables. The primary clientele includes gamers and sci-fi enthusiasts who are looking for immersive and interactive experiences. Parallel operates in the global digital gaming market, leveraging a freemium model where users can access basic features for free and purchase additional content or packs to enhance their gameplay. Revenue is generated through in-app purchases and possibly through data analytics services. The company collects and uses data to improve user experience, personalize interactions, and ensure the app's smooth operation. This data-driven approach helps in diagnosing issues, providing customer support, and continually enhancing the app's features.
Keywords: sci-fi, gaming, deck-building, factions, collectible cards, redeemables, freemium, digital entertainment, data-driven, immersive experience.
