Difference between revisions of "ParaFi Capital"
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* Based in: San Francisco | * Based in: San Francisco | ||
* An alternative investment firm with [https://blog.kyber.network/kyber-ecosystem-report-16-katalyst-launch-special-566d35dbeaf7 backgrounds] (6-7-2020) from companies like [[JP Morgan]], [[KKR & Co]] and [[TPG Capital]]. | * An alternative investment firm with [https://blog.kyber.network/kyber-ecosystem-report-16-katalyst-launch-special-566d35dbeaf7 backgrounds] (6-7-2020) from companies like [[JP Morgan]], [[KKR & Co]] and [[TPG Capital]]. | ||
*In a short [https://twitter.com/Blockanalia/status/1533070217122746373?t=4TJBUu2JGt2t-bIWaI4a5Q&s=19 thread] about VCs and dumping, this fund was a partial dumper (4-6-2022): | |||
''"6 hours after receiving 6 milly tokens they transferred to another labelled [[address]], and have been transferring in batches of ~700,000 to a couple unlabelled [[Wallet|wallets]] before finally ending up in a [[Binance]] deposit address, presumably to dump."'' | |||
== History == | == History == | ||
== Investments == | == Investments == | ||
* [https://www.coindesk.com/parafi-invests-staking-bitfinex-spin-out From] [[CoinDesk]] (7-8-2020): | * [https://www.coindesk.com/parafi-invests-staking-bitfinex-spin-out From] [[CoinDesk]] (7-8-2020): | ||
"''ParaFi and [[D1]] had together [https://www.coindesk.com/parafi-invests-staking-bitfinex-spin-out invested] $450,000, in [[tether]] | "''ParaFi and [[D1]] had together [https://www.coindesk.com/parafi-invests-staking-bitfinex-spin-out invested] $450,000, in [[tether]] [[tokens]], in return for [[governance]] [[token]] nectar ([[NEC]]). ParaFi's portfolio includes other [[DeFi]] projects such as [[Aave]], [[Curve]], [[MakerDAO]] and [[Kyber]] Network, into which ParaFi [https://www.coindesk.com/parafi-invests-in-kyber-network-as-buzz-grows-around-defi-projects invested] in June. ParaFi and D1 have committed to [[staking]] tokens in the platform's governance protocol necDAO, so they'll be able to play a role in the project's direction as they would with an equity [[stake]].""'' | ||
* Acala. [https://www.coindesk.com/acala-polkadot-defi-7m-pantera-saft From] [[CoinDesk]] (27-8-2020): | * Acala. [https://www.coindesk.com/acala-polkadot-defi-7m-pantera-saft From] [[CoinDesk]] (27-8-2020): | ||
"''[[Acala]]'' c''losed a $7 million simple agreement for future tokens ([[SAFT]]) led by [[Pantera Capital]]. Other investors in the funding round include [[1confirmation]], [[Arrington XRP Capital]], ParaFi Capital, [[Coinfund]], [[Spartan Capital]] and others."'' | "''[[Acala]]'' c''losed a $7 million simple agreement for future tokens ([[SAFT]]) led by [[Pantera Capital]]. Other investors in the funding round include [[1confirmation]], [[Arrington XRP Capital]], ParaFi Capital, [[Coinfund]], [[Spartan Capital]] and others."'' | ||
Acala's [https://medium.com/acalanetwork/polkadot-parachains-and-venture-funds-team-up-to-launch-250-million-ausd-ecosystem-fund-to-grow-1592f925799a aUSD Ecosystem Fund]; one of the founding funds to grow the Acala [[Stablecoins|stablecoin]] (23-3-2022) | |||
*[[Aptos]]; took part in their [https://medium.com/aptoslabs/expanding-the-aptos-community-38c5b18a84b7 $200m] strategic round (15-3-2022). | |||
*[[Badger DAO (BADGER)|BadgerDAO]]; was [https://badger.substack.com/p/badger-dao-weekly-newsletter-13 one of four] parties that took part in buying a total of $21M worth of assets from the treasury (8-3-2021). | *[[Badger DAO (BADGER)|BadgerDAO]]; was [https://badger.substack.com/p/badger-dao-weekly-newsletter-13 one of four] parties that took part in buying a total of $21M worth of assets from the treasury (8-3-2021). | ||
*Bancor. Has [https://blog.bancor.network/parafi-invests-in-bnt-to-advance-bancor-protocol-growth-7f79fab40c81 invested] in the [[Bancor Token (BNT)|Bancor Network Token]] (20-8-2020). | *[[Bancor]]. Has [https://blog.bancor.network/parafi-invests-in-bnt-to-advance-bancor-protocol-growth-7f79fab40c81 invested] in the [[Bancor Token (BNT)|Bancor Network Token]] (20-8-2020). | ||
* BarnBridge. [https://ethhub.substack.com/p/ethhub-weekly-131?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoxNzc5Mzg1LCJfIjoiMG96ZDgiLCJpYXQiOjE2MDAxMTIwNDQsImV4cCI6MTYwMDExNTY0NCwiaXNzIjoicHViLTM5MTAiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.o9QOjulddn-JKEBZ8-bm9iVZanaSbm_Jwtxdazxo_Ys Participated] in a $1M seed round for [[BarnBridge (BOND)|BarnBridge]] (14-9-2020). | * [[BarnBridge]]. [https://ethhub.substack.com/p/ethhub-weekly-131?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoxNzc5Mzg1LCJfIjoiMG96ZDgiLCJpYXQiOjE2MDAxMTIwNDQsImV4cCI6MTYwMDExNTY0NCwiaXNzIjoicHViLTM5MTAiLCJzdWIiOiJwb3N0LXJlYWN0aW9uIn0.o9QOjulddn-JKEBZ8-bm9iVZanaSbm_Jwtxdazxo_Ys Participated] in a $1M [[seed]] round for [[BarnBridge (BOND)|BarnBridge]] (14-9-2020). | ||
*[[Consensys]]; was part of the [https://ethhub.substack.com/p/ethhub-weekly-193?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NDM5MTQ3MSwiXyI6IjNtM29qIiwiaWF0IjoxNjM4NTAyODk1LCJleHAiOjE2Mzg1MDY0OTUsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.lPux7KNxtKeoaq3brMDl0p_N_zmW6dhOGqWo $200M] raise Consensys held (11-2021). | *[[Burrow]]; on [[NEAR (NEAR)|NEAR]], it [https://messari.io/report/state-of-near-q4-2022 has] investors such as Jumpy Crypto, Dragonfly, Parafi, and others. | ||
*[[The Defiant]]; one of many investors who took part in the [https://thedefiant.io/defiant-media-raises-1-4m-to-build-the-financial-information-platform-for-web3/ $1.4M raise] for Defiant Media (12-4-2021). | *[[Consensys]]; was part of the [https://ethhub.substack.com/p/ethhub-weekly-193?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjo0NDM5MTQ3MSwiXyI6IjNtM29qIiwiaWF0IjoxNjM4NTAyODk1LCJleHAiOjE2Mzg1MDY0OTUsImlzcyI6InB1Yi0zOTEwIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.lPux7KNxtKeoaq3brMDl0p_N_zmW6dhOGqWo $200M] raise [[ConsenSys|Consensys]] held (11-2021). Also lead the [https://www.coindesk.com/business/2022/03/15/450m-raise-values-ethereum-builder-consensys-at-7b-as-metamask-tops-30m-users/?utm_medium=referral&utm_source=rss&utm_campaign=headlines $450M Series D] on 16-3-2022. | ||
*[[The Defiant]]; one of [[MANY|many]] investors who took part in the [https://thedefiant.io/defiant-media-raises-1-4m-to-build-the-financial-information-platform-for-web3/ $1.4M raise] for Defiant Media (12-4-2021). | |||
*[[DeversiFi (DVF)|DeversiFi]]; one of the participants of a [https://cryptobriefing.com/deversifi-raises-5-million-funding-round-led-parafi/ $5M private token sale] for 12% of the DFV supply (18-5-2021). | *[[DeversiFi (DVF)|DeversiFi]]; one of the participants of a [https://cryptobriefing.com/deversifi-raises-5-million-funding-round-led-parafi/ $5M private token sale] for 12% of the DFV supply (18-5-2021). | ||
*[[Fei Protocol (FEI)|Fei Protocol]]; part of a [https://www.coindesk.com/coinbase-naval-framework-ventures-19m-raise-fei-stablecoin $19M raise] (9-3-2021). | *[[Fei Protocol (FEI)|Fei Protocol]]; part of a [https://www.coindesk.com/coinbase-naval-framework-ventures-19m-raise-fei-stablecoin $19M raise] (9-3-2021). | ||
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*[[InsurAce]]; [https://thedefiant.io/insurace-raises-3m-in-round-led-by-alameda-hashkey/ participated] in a $3M raise (4-3-2021). | *[[InsurAce]]; [https://thedefiant.io/insurace-raises-3m-in-round-led-by-alameda-hashkey/ participated] in a $3M raise (4-3-2021). | ||
*[[Kyber]] | *[[Kyber]] | ||
*[[Manta]]; part of the [https://messari.io/report/state-of-manta-q2-2024 $50M raise] | |||
*[[Moonbeam]]; part of a [https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures $6M raise] for PureStake (30-3-2021). | *[[Moonbeam]]; part of a [https://www.coindesk.com/purestake-6m-binance-labs-parafi-coinbase-ventures $6M raise] for PureStake (30-3-2021). | ||
*[[Notional]]; one of the supporters [https://thedefiant.substack.com/p/hurray-you-can-now-stake-eth-but?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoxNzQ3MDY3MywiXyI6ImM5eFJuIiwiaWF0IjoxNjA0NTY3MzE5LCJleHAiOjE2MDQ1NzA5MTksImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.puaD_ubhxyRa8pWjT_scNjTEbHN2MHA3GZBiBqrLDFw according] to [[The Defiant]] (4-11-2020). | *[[Notional]]; one of the supporters [https://thedefiant.substack.com/p/hurray-you-can-now-stake-eth-but?token=eyJ1c2VyX2lkIjoxMzk3OTAwLCJwb3N0X2lkIjoxNzQ3MDY3MywiXyI6ImM5eFJuIiwiaWF0IjoxNjA0NTY3MzE5LCJleHAiOjE2MDQ1NzA5MTksImlzcyI6InB1Yi0xMTI1OSIsInN1YiI6InBvc3QtcmVhY3Rpb24ifQ.puaD_ubhxyRa8pWjT_scNjTEbHN2MHA3GZBiBqrLDFw according] to [[The Defiant]] (4-11-2020). | ||
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* Uniswap. Was [https://cryptobriefing.com/uniswap-raises-11-million-top-vcs-token-imminent/ part] of a $11M fund raise for [[Uniswap]] (7-8-2020). | * Uniswap. Was [https://cryptobriefing.com/uniswap-raises-11-million-top-vcs-token-imminent/ part] of a $11M fund raise for [[Uniswap]] (7-8-2020). | ||
*[[Vega Protocol]]; [https://www.theblockcrypto.com/linked/98742/defi-derivatives-protocol-vega-5-million-coinbase-ventures-others part of] the $2.2M raise (18-3-2021). | *[[Vega Protocol]]; [https://www.theblockcrypto.com/linked/98742/defi-derivatives-protocol-vega-5-million-coinbase-ventures-others part of] the $2.2M raise (18-3-2021). | ||
*[[Wormhole]]; part of their [https://wormhole.com/wormhole-secures-225-million-in-funding-round/ $225M raise] (29-11-2023). | |||
== Governance == | == Governance == | ||
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* From [https://blog.bancor.network/parafi-invests-in-bnt-to-advance-bancor-protocol-growth-7f79fab40c81 this] blog (20-8-2020): | * From [https://blog.bancor.network/parafi-invests-in-bnt-to-advance-bancor-protocol-growth-7f79fab40c81 this] blog (20-8-2020): | ||
"''ParaFi’s backers include leading institutional allocators, including [[Bain Capital Ventures]], [[Galaxy Digital]], and [[Dragonfly Capital Partners]]."'' | "''ParaFi’s backers include leading institutional allocators, including [[Bain Capital Ventures]], [[Galaxy Digital]], and [[Dragonfly Capital Partners]]."'' | ||
* [[Lido]]; [https://www.theblockcrypto.com/amp/linked/87761/eth2-staking-protocol-lido-raises-2-million-funding?__twitter_impression=true participated] in a $2M seed round among many others (15-10-2020). | * [[Lido]]; [https://www.theblockcrypto.com/amp/linked/87761/eth2-staking-protocol-lido-raises-2-million-funding?__twitter_impression=true participated] in a $2M seed round among [[MANY|many]] others (15-10-2020). | ||
=== Partners === | === Partners === | ||
Latest revision as of 07:02, 12 August 2024
Basics
- Founded in:
- Mainnet release:
- Based in: San Francisco
- An alternative investment firm with backgrounds (6-7-2020) from companies like JP Morgan, KKR & Co and TPG Capital.
- In a short thread about VCs and dumping, this fund was a partial dumper (4-6-2022):
"6 hours after receiving 6 milly tokens they transferred to another labelled address, and have been transferring in batches of ~700,000 to a couple unlabelled wallets before finally ending up in a Binance deposit address, presumably to dump."
History
Investments
"ParaFi and D1 had together invested $450,000, in tether tokens, in return for governance token nectar (NEC). ParaFi's portfolio includes other DeFi projects such as Aave, Curve, MakerDAO and Kyber Network, into which ParaFi invested in June. ParaFi and D1 have committed to staking tokens in the platform's governance protocol necDAO, so they'll be able to play a role in the project's direction as they would with an equity stake.""
"Acala closed a $7 million simple agreement for future tokens (SAFT) led by Pantera Capital. Other investors in the funding round include 1confirmation, Arrington XRP Capital, ParaFi Capital, Coinfund, Spartan Capital and others."
Acala's aUSD Ecosystem Fund; one of the founding funds to grow the Acala stablecoin (23-3-2022)
- Aptos; took part in their $200m strategic round (15-3-2022).
- BadgerDAO; was one of four parties that took part in buying a total of $21M worth of assets from the treasury (8-3-2021).
- Bancor. Has invested in the Bancor Network Token (20-8-2020).
- BarnBridge. Participated in a $1M seed round for BarnBridge (14-9-2020).
- Burrow; on NEAR, it has investors such as Jumpy Crypto, Dragonfly, Parafi, and others.
- Consensys; was part of the $200M raise Consensys held (11-2021). Also lead the $450M Series D on 16-3-2022.
- The Defiant; one of many investors who took part in the $1.4M raise for Defiant Media (12-4-2021).
- DeversiFi; one of the participants of a $5M private token sale for 12% of the DFV supply (18-5-2021).
- Fei Protocol; part of a $19M raise (9-3-2021).
- FIAT DAO; part of their $2M raise (16-10-2021).
- The Graph. It is one of its backers according to the website of The Graph (2-10-2020).
- Gelato; part of their $11M raise (8-10-2021).
- InsurAce; participated in a $3M raise (4-3-2021).
- Kyber
- Manta; part of the $50M raise
- Moonbeam; part of a $6M raise for PureStake (30-3-2021).
- Notional; one of the supporters according to The Defiant (4-11-2020).
- Polymarket. Participated in a $4M raise for Polymarket (19-10-2020).
- PoolTogether; led a funding round (12-2020).
- Overlay; part of a $2.215M funding raising round (18-3-2021).
- Set; part of their $14M raise (29-5-2021).
- Solana; part of a $314M raise with a token sale (9-6-2021).
- Synthetix. Is an institutional liquidity provider in Synthetix (23-7-2020).
- RabbitHole; part of a $3.6M seed round (29-6-2021).
- Radicle; one of the backers named as an early supporter (17-2-2021).
- Rarible; participated in a $1.75M rase (3-2-2021).
- Teller. Was part of a $1M seed round for Teller.
- Terra; part of the $150M Ecosystem investment fund (16-7-2021).
- Uniswap. Was part of a $11M fund raise for Uniswap (7-8-2020).
- Vega Protocol; part of the $2.2M raise (18-3-2021).
- Wormhole; part of their $225M raise (29-11-2023).
Governance
- Is actively participating (6-7-2020) in Compound, MakerDAO and Kyber governance.
Team, Funding, Partners
Team
- Full team can be found [here].
- Santiago Roel Santos; general partner
Funding
- From this blog (20-8-2020):
"ParaFi’s backers include leading institutional allocators, including Bain Capital Ventures, Galaxy Digital, and Dragonfly Capital Partners."
- Lido; participated in a $2M seed round among many others (15-10-2020).
Partners
- Has a partnership with Kyber (6-7-2020).
- Is a member of CDA (8-7-2020).
- Is participating in governance of Bounce (4-9-2020).
