When was Parallel Markets founded?

Parallel Markets was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is Parallel Markets located?

Parallel Markets is headquartered in New York City, United States.

Who is the current CEO of Parallel Markets?

Tony Peccatiello of Parallel Markets.

How many employees does Parallel Markets have?

As of Aug 31, 2026, the latest employee count at Parallel Markets is 3.

Is Parallel Markets a funded company?

Parallel Markets is a funded company, having raised a total of $11.6M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Apr 10, 2020.

When was the latest funding round of Parallel Markets?

Parallel Markets' latest funding was a $***** Series A round on Jan 07, 2022, with participation from 6 investors. Its primary sector is Investment Tech. In United States, the Investment Tech sector has seen $5.4B in funding in 2026 to date.

Where does Parallel Markets rank among its competitors?

Parallel Markets ranks 72nd amongst 844 active competitors, of which 111 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was FNZ, which secured $450M in Sep, 2026.

Who are the top competitors of Parallel Markets?

Parallel Markets' top competitors include Avaloq, KFin Technologies and Broadridge. Among them, FNZ secured the most recent funding round in September, 2026.

Parallel Markets - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of onboarding, compliance, and accreditation services for investor identity. The company offers automated data and document collection from institutional clients and individuals. It provides tools for compliance teams to review and monitor compliance flags. The company delivers onboarding for corporate entities with beneficial owner mapping. It also provides accreditation services to verify investor status.

Website: parallelmarkets.com
Social
Email ID: *****@parallelmarkets.com

Key Metrics

Founded Year

2018

Location

New York City, United States

Stage

Acquired

Total Funding

$11.6M in 2 rounds

Latest Funding Round

Series A, Jan 07, 2022, $*****

Investors

Union Square Ventures & 9 more

Ranked

72^nd among 844 active competitors

Employee Count

3 as on Aug 31, 2026

Investment & Acquisitions

EarlyBird

Similar Companies

Avaloq & 905 more

Exit Details

Acquired by iCapital (Jan 16, 2025)

View Parallel Markets' full profile

Parallel Markets is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PARALLEL MARKETS INC. CIN: 5735309 , United States, Active	Apr 06, 2020	-	-	-

Parallel Markets got acquired by iCapital on Jan 16, 2025.

Click here to take a look at Parallel Markets's acquisition in detail

Parallel Markets has raised a total funding of $11.6M over 2 rounds. Its first funding round was on Apr 10, 2020. Its latest funding round was a Series A round on Jan 07, 2022 for $*****. 6 investors participated in its latest round. Parallel Markets has 10 institutional investors.

Here is the list of recent funding rounds of Parallel Markets:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 07, 2022	4994842	Series A	2664030	4993136	7119264	7052737
Apr 10, 2020	8392512	Series A	3892119	1034331	8692901	6722382

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View details of Parallel Markets's funding rounds and investors

The founders of Parallel Markets is Tony Peccatiello.

Here are the details of Parallel Markets' key team members:

Tony Peccatiello: Co-Founder & CEO of Parallel Markets.

View details of Parallel Markets's Founder profiles and Board Members

Parallel Markets' employee count trend

Parallel Markets has 3 employees as of Aug 26. Here is Parallel Markets's employee count trend over the years:

Employee count trend for Parallel Markets

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Top competitors of Parallel Markets include Avaloq, KFin Technologies and Broadridge. Here is the list of Top 10 competitors of Parallel Markets, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avaloq 1985, Zurich (Switzerland), Acquired	Cloud-based solutions for financial institutions	$301M	BlackRock, Warburg Pincus & 3 others	76/100
2nd	KFin Technologies 2017, Hyderabad (India), Public	Provider of software solutions for transaction management, compliance, and data analytics	$42.1M	Kotak Mahindra Bank, Compar Estates and Agencies ... & 11 others	76/100
3rd	Broadridge 2007, United States, Public	Provider of tech solution for financial service and customer communication	-	Back Bay Group, Zühlke & 4 others	73/100
4th	Altruist 2018, Culver City (United States), Acquired	Portfolio management software for financial advisors	$602M	Venrock, Insight Partners & 17 others	72/100
5th	SEI 1968, Oaks (United States), Public	Wealth and investment management solutions for institutional investors	-	UBS, Capitala Group	71/100
6th	Addepar 2009, Mountain View (United States), Series G	Wealth management solutions for advisors	$759M	WestCap, Valor Equity Partners & 60 others	71/100
7th	FNZ 2003, London (United Kingdom), Acquired	Provider of wealth management platforms for financial institutions and advisors	$3.97B	General Atlantic, Temasek & 14 others	70/100
8th	Centricity 2022, Gurugram (India), Series A	Digital private wealth management platform for individuals	$51M	Burman Family, SMBC Asia Rising Fund & 40 others	70/100
9th	AdvisorEngine 2014, New York City (United States), Acquired	Wealth management software platform empowering financial advisors with technology and services	$60.1M	WisdomTree, Kirenaga Partners	65/100
10th	Bravura Solutions 2004, Edinburgh (United Kingdom), Acquired	Software solutions for life insurance and wealth management	$28.4M	Ironbridge, Herald Investment Management	64/100
72nd	Parallel Markets 2018, New York City (United States), Acquired	Provider of onboarding, compliance, and accreditation services for investor identity	$11.6M	RiverPark Ventures, Union Square Ventures ... & 8 others	49/100