![](https://public.rootdata.com/images/b17/1666419359226.jpg)
Parallel Finance
PARA
DeFi super DApp protocol
![](/_nuxt/img/icon-points.ed5e049.png)
Details
Parallel Network is a layer 2 scaling solution built on top of Ethereum, powered by Arbitrum's Nitro stack. Parallel is a full stack L2 with native yield, lending, staking, trading, and more in one place.
Team
Fundraising
Subsidiary Organizations
![Parallel Network](https://public.rootdata.com/images/b17/1666419359226.jpg)
Parallel Network
@ParallelFi![](/_nuxt/img/x_trend_icon.0deaeed.png)
![Sandeep Nailwal](https://public.rootdata.com/images/b19/1668575813647_128x128.webp)
![Sreeram Kannan](https://public.rootdata.com/images/b9/1672977923951_128x128.webp)
![Mario Nawfal](https://public.rootdata.com/images/b6/1708409190329_128x128.webp)
The Archives Including
Significant Events
Apr, 2022
Parallel Finance raised $ 5 M in funding round
Nov, 2021
Parallel Finance raised $ 5 M in strategic financing
Aug, 2021
Parallel Finance raised $ 22 M in Series A round
Jun, 2021
Parallel Finance raised $ 2 M in Seed round
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