USA – Parallel Markets, a NYC-based portable identity company, raised $7m in Series A funding, raised $7M in Series A funding.
The round was led by Union Square Ventures with participation from new and existing investors, including Comcast Ventures, Eniac Ventures, Lux Capital, RiverPark Ventures and Supernode Ventures. John Buttrick of Union Square Ventures will be joining the Board of Directors. The company intends to use the funds to continue to expand operations and its development efforts to issue a regulatorily-compliant on-chain identity token and bring its solution to market for decentralized transactions in Web3 that can simultaneously enable integrity and anonymity. Led by CEO Tony Peccatiello, Parallel Markets is the creator of the Parallel Passport – a portable digital identity solution that satisfies regulatory KYC/AML, Customer Due Diligence Rule and investor accreditation requirements.04/02/2022
