Parcel Closes $2.5 Million Seed Equity Round

TokenInsight news, Indian cryptocurrency startup Parcel has closed its second round of funding for a total of $2.5 million led by Dragonfly Capital and followed by Scalar Capital, A Capital, Compound, Consensys, 6th Man Ventures, and others. Parcel is a DAO-based management tool that currently works with large DeFi teams such as SynthetixDAO, Compound, and Aave. The Parcel team consists of five members, and founder Girdhar says the funding will be used to scale the company and develop financial management tools with incentives, and that Parcel will later launch its own DAO and token offering.
Source

DAO

Related News
Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal Aave founder confirms new token will not be created, citing DAO consensus on Horizon proposal
ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network ZKsync sunsets ‘Ignite’ token rewards for DeFi ecosystem, cites market conditions and focus on Elastic Network
GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN GnosisDAO votes to invest further $4.8 million to fund HOPR's in-house development of private, uncensorable VPN
Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens Sky’s lending subDAO Spark targets up to $1.1 billion in direct exposure to Ethena’s USDe and sUSDe tokens
Unlocking DeSci: Ink Finance Provides Decentralized Funding Solutions to Reshape Financing and Governance Models Unlocking DeSci: Ink Finance Provides Decentralized Funding Solutions to Reshape Financing and Governance Models
Latest News More More
6 Hours Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
6 Hours Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
1 Day Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
2 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
2 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open