Para - About the company
Para is a seed company based in San Francisco (United States), founded in 2022 by Nitya Subramanian and Nitya S. It operates as a Provider of wallet infrastructure and authentication suite for crypto applications. Para has raised an undisclosed amount in funding from Andreessen Horowitz. The company has 102 active competitors, including 19 funded and 9 that have exited. Its top competitors include companies like Trust Wallet, Casa and TREZOR.
Company Details
Provider of wallet infrastructure and authentication suite for crypto applications. It offers embedded wallets for new users and web3 login for crypto natives. The platform supports universal wallets across various chains, enabling users to transact everywhere. It facilitates the creation of automations, management of cross-chain liquidity, and on-ramping of funds. Security features include distributed MPC and passkeys for social login. The framework supports web, mobile, and desktop applications.
- Website
- www.getpara.com/
- Social
- Email ID
- *****@usecapsule.com
Key Metrics
Founded Year
2022
Location
San Francisco, United States
Stage
Seed
Latest Funding Round
Investors
Ranked
10th among 102 active competitors
Employee Count
11 as on Aug 31, 2026
Similar Companies
Legal entities associated with Para
Para is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
Capsule Labs Inc CIN: 882825928 , United States, Active | Jan 09, 2022 | - | 9 (As on Dec 31, 2024) | - |
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Para's funding and investors
Para has raised funding over 1 round. Its latest funding round was a Seed round on Mar 14, 2023 for $*****. 8 investors participated in its latest round. Para has 3 institutional investors and 5 angel investors.
Here is the list of recent funding rounds of Para:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 14, 2023 | 1389693 | Seed | 3930622 | 1291343 | 4240677 | 8808102 |
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Para's founders and board of directors
Founder? Claim ProfileThe founders of Para are Nitya Subramanian and Nitya S. Nitya S and Nitya Subramanian are the CEOs of Para.
Here are the details of Para's key team members:
- Nitya Subramanian: Founder & CEO of Para.
- Nitya S: Founder & CEO of Para.
View details of Para's Founder profiles and Board Members
Para's employee count trend
Para has 11 employees as of Aug 26. Here is Para's employee count trend over the years:
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Para's Competitors and alternates
Top competitors of Para include Trust Wallet, Casa and TREZOR. Here is the list of Top 10 competitors of Para, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Trust Wallet 2005, San Francisco (United States), Acquired | App-based wallet to send, receive and store digital assets | - | 68/100 | |
2nd |  Casa 2016, Denver (United States), Series A | Platform offering self-custody solutions for cryptocurrency | $52.5M | 65/100 | |
3rd |  TREZOR 2013, Prague (Czech Republic), Funding Raised | A Bitcoin Hardware Wallet | - | 61/100 | |
4th |  Leap Wallet 2021, Vancouver (Canada), Series A | Online platform offering a non-custodial wallet for crypto and NFTs | $3.2M | 61/100 | |
5th |  Argent 2017, London (United Kingdom), Series B | Mobile wallet for cryptocurrency and NFTs | $56M | 54/100 | |
6th | Platform that enables self-custody of digital assets | $7M | 53/100 | ||
7th | AlphaWallet 2017, Singapore (Singapore), Seed | Digital wallet for cryptocurrencies | $1.2M | 52/100 | |
8th | App-based self-custodial wallet for crypto and NFTs | $10M | 51/100 | ||
9th |  Theya 2022, San Francisco (United States), Seed | Online platform offering cryptocurrency wallet | $500K | 51/100 | |
10th | Para 2022, San Francisco (United States), Seed | Provider of wallet infrastructure and authentication suite for crypto applications | - | 50/100 |
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Para's Investments and acquisitions
Para has made no investments or acquisitions yet.
Reports related to Para
Here is the latest report on Para's sector:
News related to Para
Filter this listMedia has covered Para for a total of 12 events in the last 1 year, 11 of them have been about company updates and 1 about partnerships.
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Para × Canton Network: Bringing MPC Wallet Infrastructure to Institutional FinancePara•May 21, 2026•Para
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Para Launches REST API to Make Blockchain Wallets ‘Invisible’ for FintechsThe Fintech Times•Feb 13, 2026•Para
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FAQs about Para
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