About Parallel Markets
Parallel Markets is a company based in New York (United States) founded in 2018 by Michael Clark, Dan Sutera, and Brian Muller was acquired by iCapital in January 2025. 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. Parallel Markets operates in a competitive market with competitors including Perfios, IDnow, Signicat, Onfido and HID Global, among others.
- Headquarter New York, United States
- Founders Michael Clark, Dan Sutera, Brian Muller
-
Sectors
Financial Services
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Parallel Markets Inc.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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.
People of Parallel Markets
Unlock access to complete
Unlock access to complete
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.
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
|
Locked | Locked | Locked | |
|
Comcast Ventures is focused on investing in technology startups.
|
Locked | Locked | Locked | |
|
US focused seed and early-stage VC firm
|
Locked | Locked | Locked |
Investor details for Parallel Markets
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Parallel Markets
Investment portfolio details for Parallel Markets
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Parallel Markets
Detailed financials for Parallel Markets
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Parallel Markets Comparisons
Peer comparison for Parallel Markets
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Parallel Markets
Parallel Markets operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Perfios, IDnow, Signicat, Onfido and HID Global, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| Locked | Locked | Locked |
Provides financial technology solutions for data analysis and verification globally.
|
|
| Locked | Locked | Locked |
Automated and expert-led identity verification services are provided.
|
|
| Locked | Locked | Locked |
Software solutions for identity management are provided via APIs.
|
|
| Locked | Locked | Locked |
Identity verification solutions are provided, including document and biometric authentication.
|
|
| Locked | Locked | Locked |
Cloud-based physical identity and access management systems are developed.
|
|
| Locked | Locked | Locked |
Identity decisioning platform is provided for banks and fintech firms.
|
Detailed competitors of Parallel Markets
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Parallel Markets
Complete news archive for Parallel Markets
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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.
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 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.