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
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Parallel Markets Inc.
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $7.2M
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First Round
First Round
(10 Apr 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Parallel Markets | Valuation | Union Square Ventures | |
| Apr, 2020 | Amount | Series A - Parallel Markets | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on blockchain, wellbeing, and multiple sectors
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Founded Year | Domain | Location | |
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Comcast Ventures is focused on investing in technology startups.
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Founded Year | Domain | Location | |
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US focused seed and early-stage VC firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Parallel Markets
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Parallel Markets
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Parallel Markets Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Software solutions for identity management are provided via APIs.
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Cloud-based physical identity and access management systems are developed.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Parallel Markets
Frequently Asked Questions about Parallel Markets
When was Parallel Markets founded?
Parallel Markets was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Parallel Markets located?
Parallel Markets is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Parallel Markets a funded company?
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 10, 2020.
What does Parallel Markets do?
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.
Who are the top competitors of Parallel Markets?
What products or services does Parallel Markets offer?
Parallel Markets offers AML Monitoring, Business Verification, Investor Onboarding, Investor Accreditation, and Entity Data Manager.
Who are Parallel Markets's investors?
Parallel Markets has 7 investors. Key investors include iCapital, Union Square Ventures, Comcast Ventures, Eniac Ventures, and Lux Capital.
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