About Parallel Markets
Parallel Markets is a Financial Services company based in New York (United States) founded in 2018 by Michael Clark, Dan Sutera, and Brian Muller, and was acquired by iCapital in January 2025. Software solutions for private market investors. Parallel Markets has raised $11.56 million across 2 funding rounds from investors including iCapital, Union Square Ventures and Comcast Ventures. Parallel Markets offers products and services including AML Monitoring, Business Verification, Investor Onboarding, Investor Accreditation, and Entity Data Manager. Its focus areas include FinTech, Banking Tech, RegTech and Onboarding KYC and AML. Its legal entity is PARALLEL MARKETS INC. Its competitors include HID Global, Alloy and Craft; 2 of its 3 listed competitors have raised funding.
Company details
Parallel Markets was founded in 2018 in New York, United States, within the fintech sector focused on private markets. Software solutions are offered to venture capital, private equity, and real estate firms for managing investments in illiquid assets. A platform is maintained that allows buying and selling of companies, funds, real estate, sports teams, and arts, supporting operations across the United States.
- Headquarters New York, United States
- Founders Michael Clark, Dan Sutera, Brian Muller
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website parallelmarkets.com
- Social LinkedIn X
- Acquired by iCapital (Jan 2025)
- Legal Name Parallel Markets Inc.
Products & Services of Parallel Markets
Parallel Markets offers a comprehensive portfolio of products and services, including AML Monitoring, Business Verification, Investor Onboarding, Investor Accreditation, and Entity Data Manager.
Monitors data sources to detect and resolve financial risks.
Accelerates know your business verification for compliance.
Handles onboarding and compliance for natural persons.
Conducts checks for 506(c) offerings in investments.
Manages and verifies business information for risk reduction.
Funding Insights of Parallel Markets
Parallel Markets has successfully raised a total of $11.56M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $7.25 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $11.56M
- Total Rounds 2
- Last Round Series A — $7.25M
- First Round $4.31M
(Apr 2020)
- Investors Count 6
All 2 funding rounds of Parallel Markets with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2022 | $7.25M | Series A | – | Union Square Ventures | |
| Apr 2020 | $4.31M | Series A | – | – | – |
7 investors in total: 7 institutional.
Investors in Parallel Markets
Parallel Markets has secured backing from 7 investors, including venture fund investors. Prominent investors backing the company include iCapital, Union Square Ventures and Comcast Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm focused on blockchain, wellbeing, and multiple sectors | usv.com | New York, United States | ||
Comcast Ventures is focused on investing in technology startups. | comcastventures.com | San Francisco, United States | ||
US focused seed and early-stage VC firm | eniac.vc | San Francisco, United States | ||
Seed and early-stage technology companies are funded by Lux Capital. | luxcapital.com | Menlo Park, United States | ||
Venture capital firm backed by RiverPark Funds group | riverparkvc.com | New York, United States | ||
Early-stage tech investments are made by Supernode Ventures. | 2017 | supernode.vc | New York, United States | |
Software solutions are provided for managing private investments. | 2013 | icapital.com | New York, United States |
Investor details for Parallel Markets
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
People of Parallel Markets
5 people are tracked at Parallel Markets (3 in leadership, 1 in board & advisors, 1 in team).
| Name | Role | Group |
|---|---|---|
Michael Clark | Co-Founder | Leadership |
Dan Sutera | Co-Founder & CPO | Leadership |
Brian Muller | Co-Founder | Leadership |
Jonathan Stein | Chairman | Board & advisors |
Ashley Ring | Accreditation Account Manager | Team |
Complete people profiles for Parallel Markets
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- Full employee list
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Timeline of Parallel Markets
4 dated milestones of Parallel Markets across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Parallel Markets is founded.
- Funding First funding round of $4.3M.
- Funding Latest funding round, Series A, of $7.2M.
- Exit Acquired by iCapital.
Competitors of Parallel Markets
Parallel Markets has 3 listed competitors in our database, 2 of them funded. They include HID Global, Alloy and Craft.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hidglobal.com | 1991 | Austin, United States | Cloud-based physical identity and access management systems are developed. | |||
| alloy.com | 2015 | New York, United States | $211.37M | 216 | Identity decisioning platform is provided for banks and fintech firms. | |
| craft.co | 2014 | Francisco, United States | $42M | 51 | Craft is recognized for providing supply chain resilience solutions. |
Detailed competitors of Parallel Markets
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- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Web traffic of Parallel Markets
The website of Parallel Markets (parallelmarkets.com) receives about 9.2K visits a month.
- Monthly visits9.2K
▲ 118.3% vs previous month
Top companies in Regulatory & Compliance Tech
3 companies that operate in the same segment as Parallel Markets (Regulatory & Compliance Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
CLEAR is focused on secure identity verification for seamless experiences. | 2010 | New York, New York, United States | USD 135 M | USD 900.78 M | 4,019 | |
AI-based fraud prevention for e-commerce payments is provided. | 2013 | New York, New York, United States | USD 232.02 M | USD 346.08 M | 724 | |
Compliance management solutions for financial institutions | 2014 | New York, New York, United States | USD 461 M | 815 |
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Related news about Parallel Markets
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Frequently Asked Questions about Parallel Markets
Parallel Markets was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Parallel Markets is headquartered in New York, United States. It is registered at New York, New York, United States.
Parallel Markets is a funded company, having raised a total of $11.56M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.31M, raised on Apr 2020.
Parallel Markets was founded in 2018 in New York, United States, within the fintech sector focused on private markets. Software solutions are offered to venture capital, private equity, and real estate firms for managing investments in illiquid assets. A platform is maintained that allows buying and selling of companies, funds, real estate, sports teams, and arts, supporting operations across the United States.
Parallel Markets's top competitors include Craft, Alloy and HID Global.
Parallel Markets offers AML Monitoring, Business Verification, Investor Onboarding, Investor Accreditation, and Entity Data Manager.
Parallel Markets has 7 investors. Key investors include iCapital, Union Square Ventures, Comcast Ventures, Eniac Ventures, and Lux Capital.
Parallel Markets operates through Parallel Markets Inc..
Yes. Parallel Markets was acquired by iCapital in January 2025.