Search company, investor...

Predict your next investment

ParaFi Capital company logo
Asset/Investment Management
FINANCE | Asset/Financial Management
parafi.com

Investments

75

Funds

1

About ParaFi Capital

ParaFi Capital is an alternative investment firm with a focus on the fintech and blockchain ecosystem.

Headquarters Location

601 California St

San Francisco, California, 94108,

United States

Want to inform investors similar to ParaFi Capital about your company?

Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights’ platform.

Research containing ParaFi Capital

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned ParaFi Capital in 2 CB Insights research briefs, most recently on Sep 10, 2022.

Latest ParaFi Capital News

Juno Bags $18 M In Series A Round Led By ParaFi Capital

Dec 22, 2022

Juno, a neo-banking cryptocurrency business, has raised $18 million in Series A round of funding, which was led by the Growth Fund of the crypto-native investment firm ParaFi Capital. Hashed, Jump Crypto, Uncorrelated Fund, Greycroft, Mithril, Antler Global, 6th Man Ventures, and Abstract Ventures also took part in the round. As part of its seed round in April 2020, Sequoia India's accelerator Surge, Polychain Capital, Consensys Ventures, and Dragonfly Capital invested $3 million in Juno. The business claims that it would use the cash to extend its product range to include bill payments, tokenised incentives, among other ventures; establish and scale its loyalty programme; and strengthen its US staff across compliance, regulation, and marketing roles. Juno is a neo-banking platform founded in 2019 by Varun Deshpande, Ratnesh Ray, and Siddharth Verma that offers a checking account for customers that are crypto natives. Users are able to receive deposits into its checking account and make payments using its debit card, which is offered by the business in collaboration with Evolve Bank and Mastercard. Users of Juno's checking account can use their debit card to make cryptocurrency payments in the real world. Only US consumers are now served, and it assists users in making online and offline payments using the digital stablecoin USD Coin (USDC). The business is also introducing Juno Coin, a cryptocurrency exclusively for its customers that can be used to boost checking account interest rates or raise cash-back ceilings. Additionally, Juno provides a cryptocurrency payment gateway called Juno Pay that makes it easier for consumers to buy cryptocurrency while also making a variety of payment options like CashApp and Venmo available. The platform currently earns revenues for every transaction made online or offline through its debit card. The business intends to scale its platform to 1 million users and handle $1 billion in TPV over the course of the upcoming 12 months. Share this article:

ParaFi Capital Investments

75 Investments

ParaFi Capital has made 75 investments. Their latest investment was in Thala Labs as part of their Seed VC on October 10, 2022.

CBI Logo

ParaFi Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/25/2022

Seed VC

Thala Labs

$6M

Yes

1

10/17/2022

Seed VC

YoloYolo

$3.5M

Yes

2

10/3/2022

Series A

Juno

$18M

Yes

10

9/8/2022

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

9/8/2022

Series A - II

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/25/2022

10/17/2022

10/3/2022

9/8/2022

9/8/2022

Round

Seed VC

Seed VC

Series A

Seed VC

Series A - II

Company

Thala Labs

YoloYolo

Juno

Subscribe to see more

Subscribe to see more

Amount

$6M

$3.5M

$18M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

10

10

10

ParaFi Capital Fund History

1 Fund History

ParaFi Capital has 1 fund, including ParaFi Capital.

Closing Date

Fund

Fund Type

Status

Amount

Sources

6/28/2019

ParaFi Capital

2

Closing Date

6/28/2019

Fund

ParaFi Capital

Fund Type

Status

Amount

Sources

2

ParaFi Capital Team

4 Team Members

ParaFi Capital has 4 team members, including current Founder, Managing Partner, Ben Forman.

Name

Work History

Title

Status

Ben Forman

Founder, Managing Partner

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Ben Forman

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Founder, Managing Partner

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.