What is Parcel?
Based in New York, NY, Parcel operates within the burgeoning non-fungible token (NFT) sector, specifically focusing on enabling marketplaces for virtual real estate. This niche positions the company at the intersection of digital asset innovation and the metaverse, a rapidly expanding digital frontier. The company's core offering aims to facilitate transactions and ownership of virtual land and properties, catering to a growing demand for digital assets and immersive online experiences. As an NFT marketplace provider, Parcel is instrumental in building the infrastructure for the virtual economy.
How much funding has Parcel raised?
Parcel has raised a total of $4M across 1 funding round:
Angel/Seed
$4M
Angel/Seed (2022): $4M with participation from Framework Venture Partners, Blizzard Fund, Great Oaks, Serafund, Fifth Wall, AppWorks, and AVIV Group
Key Investors in Parcel
Framework Venture Partners
Framework Venture Partners is a software-focused venture capital firm that combines a unique data-driven investment process with a collaborative engagement model with the mission of helping entrepreneurs build and scale world-class companies.
Fifth Wall
Fifth Wall is the largest venture capital firm focused on technologies for the global real estate industry (property technology or "proptech"). With $1 billion capital under management across three funds, Fifth Wall connects the world's largest owners and operators of real estate with the technology entrepreneurs who are redefining the future of the physical environment.
AVIV Group
AVIV Group is the home of Digital Classifieds companies from the Axel Springer group, specifically Immoweb, immowelt, seloger, yad2, carboatmedia, lacentrale, caradisiac, indicating a strong focus on digital real estate and classifieds markets.
What's next for Parcel?
The recent major strategic investment indicates a pivotal growth phase for Parcel, likely aimed at scaling its platform, expanding its market reach, and enhancing its technological capabilities. This infusion of capital suggests strong investor confidence in Parcel's business model and its potential to capture a significant share of the virtual real estate market. Future developments may include strategic partnerships, further platform development to support more complex virtual transactions, and initiatives to onboard a wider range of users and developers into its ecosystem. The company's trajectory points towards solidifying its position as a key player in the digital real estate and NFT space.
See full Parcel company page
