When was Parallel founded?

Parallel was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Parallel located?

Parallel is headquartered in Canada. It is registered at 19 Sage Brush St., Markham.

Which legal entities is Parallel associated with?

Parallel is associated with 12783185 Canada Inc..

How many employees does Parallel have?

As of Jun 30, 2026, the latest employee count at Parallel is 62.

Is Parallel a funded company?

Parallel is a funded company, having raised a total of $85M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 21, 2021.

When was the latest funding round of Parallel?

Parallel's latest funding was a $***** Seed round on Apr 08, 2025, with participation from 0 investor.

Where does Parallel rank among its competitors?

Parallel ranks 2nd amongst 59 active competitors, of which 10 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was Ace High Play, which secured $402K in Dec, 2025.

Who are the top competitors of Parallel?

Parallel's top competitors include Wizards of the Coast, PlayFusion and Mega Crit. Among them, Ace High Play secured the most recent funding round in December, 2025.

Parallel - 2026 Company Profile, Team, Funding & Competitors

Parallel is a seed company based in Canada, founded in 2019. It operates as a Developer of digital science fiction collectible card and simulation games. Parallel has raised $85M in funding from investors like VanEck, Base and OSS Capital. The company has 59 active competitors, including 10 funded and 1 that has exited. Its top competitors include companies like Wizards of the Coast, PlayFusion and Mega Crit.

Company Details

Developer of digital science fiction collectible card and simulation games. Digital assets are managed through a marketplace for players to trade collectibles, cosmetic items, and avatars. The product suite includes turn-based strategy games, artificial intelligence agent simulations, and extraction shooters. Gameplay occurs within environments featuring visual effects and dynamic backgrounds. Users access these titles through personal computer platforms using authentication systems.

Website: parallel.life
Social
Email ID: *****@parallelnft.com
Registered Address: 19 Sage Brush St., Markham

Key Metrics

Founded Year

2019

Location

Canada

Stage

Seed

Total Funding

$85M in 4 rounds

Latest Funding Round

Seed, Apr 08, 2025, $*****

Investors

VanEck & 23 more

Ranked

2^nd among 59 active competitors

Employee Count

62 as on Jun 30, 2026

Similar Companies

Wizards of the Coast & 67 more

View Parallel's full profile

Parallel is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
12783185 Canada Inc. CIN: 12783185 , Canada, Active	Mar 01, 2021	-	-	-

Parallel has raised a total funding of $85M over 4 rounds. Its first funding round was on Oct 21, 2021. Parallel has 20 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Parallel:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 08, 2025	3865322	Seed	3766792	1602361	5168496	8564711
Mar 24, 2025	8664230	Seed	1105195	5983795	8366433	3656672
Mar 28, 2024	8180637	Seed	3577450	6377674	VanEck & 2 more	Anatoly Yakovenko & 13 more

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View details of Parallel's funding rounds and investors

Parallel's Board of Directors

Parallel's board has 3 active members. Chad Hurley, Paul Chan and Arjun Balaji are independent board members.

Here is the list of Parallel's board of directors:

Name	Type	Representing	Status	Duration
Chad Hurley	Independent board member	-	Current	4y 10m
gqrtrgo	Independent board member	-	Current	1y 1m
huphbhg	Independent board member	-	Current	3y 9m

Parallel's employee count trend

Parallel has 62 employees as of Jun 26. Here is Parallel's employee count trend over the years:

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Top competitors of Parallel include Wizards of the Coast, PlayFusion and Mega Crit. Here is the list of Top 10 competitors of Parallel, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Wizards of the Coast 1990, Renton (United States), Unfunded	Creates roleplaying, trading card, and digital games for diverse players	-	-	64/100
2nd	Parallel 2019, Canada, Seed	Developer of digital science fiction collectible card and simulation games	$85M	Paradigm, Big Brain Holdings & 22 others	52/100
3rd	PlayFusion 2015, Cambridge (United Kingdom), Acquired	Developer of a squad-based tactical first-person shooter video game	-	T/O Partners, Lazoo & 35 others	44/100
4th	Mega Crit 2012, Seattle (United States), Unfunded	Independent PC game development company that specializes in developing strategy games	-	-	41/100
5th	Fair.xyz 2022, London (United Kingdom), Seed	Provider of an online platform to launch NFT collection	$7.92M	Edenblock, Mavolta Holdings & 20 others	40/100
6th	Abrakam 2013, Seraing (Belgium), Funding Raised	Independent game development company based in Belgium	-	The Faktory, ST'ART & 1 others	32/100
7th	Ace High Play 2023, United Kingdom, Seed	Developer of strategic card games fueled by sporting passion	$402K	British Business Bank, UK Games Fund	32/100
8th	CCG LAB 2020, Seattle (United States), Seed	Developer of digital collectible card games	$2.5M	-	32/100
9th	Rhino Games 2016, San Mateo (United States), Unfunded	Mobile game development studio focusing on collectible card games	-	-	31/100
10th	Yoton Yo Studios 2022, Los Angeles (United States), Series A	Developer of card games	$15M	SKALE	31/100