August 30, 2024
Parlay Labs has secured $2 million in funding from DNA.fund and angel investors. The startup has introduced the Parlay platform, a multichain, no-code memecoin launchpad and trading platform. Currently, it supports Ethereum, Base, Optimism, Arbitrum, Avalanche, Polygon, BSC, and Blast, with plans to add more blockchain networks.
Project | Latest Raise | Latest Raise Date | Lead Investor | Category |
|---|---|---|---|---|
Parlay Labs | $2M | August 30, 2024 | Meme Coin |
Parlay enables users to launch tokens without coding in less than 60 seconds and includes features like developer lockups, anti-whale measures, and anti-rug protections.
The funds raised will speed up Parlay’s growth and development, allowing the platform to enter new markets and keep pushing forward with blockchain innovations.
About Parlay Labs
Parlay is a platform that allows users to launch and trade memecoins without needing to code. It supports multiple blockchain networks like Ethereum, Base, Optimism, Arbitrum, Avalanche, Polygon, BSC, and Blast. Users can create tokens in under 60 seconds and benefit from features like developer lockups, anti-whale measures, and anti-rug protections.
Website: https://x.com/myparlaydotcom
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About Investor
Investor: DNA.fund
DNA Fund is a venture capital firm that focuses on investing in early-stage and growth-stage technology startups. They specialize in areas like blockchain, artificial intelligence (AI), cloud computing, and data. The firm aims to support innovative projects and help them grow by providing the necessary tools and resources.
Location: Delaware, Delaware
Website: https://dna.fund/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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