ParaFi Capital

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."

Investments

• From CoinDesk (7-8-2020):

"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. From CoinDesk (27-8-2020):

"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
• 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).