Parasail (Formerly Repl)

Parasail is a repledging Protocol for pledged DePIN assets. It aims to enhance the efficiency of locked DePIN tokens, remove idiosyncratic risks among DePIN service providers, and lower the complexity for people to earn DePIN protocol rewards.

Key Info

parasail.network
2024 Founded
•••••••••
@parasailnetwork

News

There are no recent news for this organization.

Activity Timeline

Raised
$4.00M

at
$50.00M
valuation
from
Protocol Labs Funds
, MH Ventures
, Bitrise Capital
, Modular Capital
, AGE Crypto
, Fenbushi Capital
, Foresight Ventures
, Waterdrip Capital
, D11 Labs
, DWF Labs
, and Faculty Group
.
May 28, 2024

Team

Investments

Round	Amount Raised	Date	Investors
Seed	Raised $4,000,000 at $50,000,000 valuation	May 28, 2024	Protocol Labs Funds MH Ventures Bitrise Capital Modular Capital AGE Crypto Fenbushi Capital Foresight Ventures Waterdrip Capital D11 Labs DWF Labs Faculty Group