When was Parrot founded?

Parrot was founded in 2021 and raised its 1st funding round within a year of its incorporation.

Where is Parrot located?

Parrot is headquartered in Finland.

Is Parrot a funded company?

Parrot is a funded company, having raised a total of $5M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jun 11, 2021.

When was the latest funding round of Parrot?

Parrot's latest funding was a $***** ICO round on Oct 18, 2021, with participation from 0 investor.

Where does Parrot rank among its competitors?

Parrot ranks 8th amongst 51 active competitors, of which 18 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was Folks Finance, which secured $1.2M in Nov, 2024.

Who are the top competitors of Parrot?

Parrot's top competitors include Compound, Aave and Folks Finance. Among them, Folks Finance secured the most recent funding round in November, 2024.

Parrot - 2026 Company Profile, Funding & Competitors

Company Details

DeFi network built on Solana. It include the stablecoin PAI, a non-custodial lending market, and a margin trading vAMM. These are all use cases designed to solve one single problem- making value locked in DeFi systems accessible. It is setting out to make value locked in LP tokens accessible, by creating a liquidity & lending network collateralized by these LP tokens.

Website: parrot.fi
Social

Key Metrics

Founded Year

2021

Location

Finland

Stage

Seed

Total Funding

$5M in 2 rounds

Latest Funding Round

ICO, Oct 18, 2021, $*****

Investors

Alameda Research & 11 more

Ranked

8^th among 51 active competitors

Investment & Acquisitions

Credix

Similar Companies

Compound & 53 more

View Parrot's full profile

Parrot has raised a total funding of $5M over 2 rounds. Its first funding round was on Jun 11, 2021. Parrot has 10 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of Parrot:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Oct 18, 2021	7577870	ICO	2482480	6948537	7785536	7377651
Jun 11, 2021	2156867	Seed	7528654	1208970	9930562	Alameda Research & 11 more

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Top competitors of Parrot include Compound, Aave and Folks Finance. Here is the list of Top 10 competitors of Parrot, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Compound 2017, San Francisco (United States), Series B	P2P lending platform based on the Ethereum blockchain	$79.4M	Andreessen Horowitz, Polychain & 32 others	70/100
2nd	Aave 2009, London (United Kingdom), Series B	Decentralized crypto lending marketplace for consumers	$29.5M	ParaFi, Framework Ventures & 41 others	64/100
3rd	Folks Finance 2021, Milan (Italy), Series A	Capital Markets Protocol	$6.2M	Borderless Capital, ParaFi & 26 others	54/100
4th	Venus 2012, United States, Funding Raised	Decentralized marketplace for lenders & borrowers with stablecoins	-	The Arbitrum Foundation, Mint Ventures	50/100
5th	Arkis 2022, London (United Kingdom), Seed	Platform for facilitating institutional lending and borrowing in crypto	$2.25M	gCC, Roosh & 3 others	50/100
6th	Dharma 2017, San Francisco (United States), Acquired	Blockchain-enabled lending protocol	$7.12M	Cantos Ventures, Y Combinator & 18 others	49/100
7th	Across 2021, Funding Raised	Provides transaction transfer solutions from Layer 2	-	Hack VC, Paradigm & 2 others	45/100
8th	Parrot 2021, Finland, Seed	DeFi network built on Solana	$5M	Alameda Research, NGC Ventures & 10 others	40/100
9th	AmFi 2022, Delaware (United States), Funding Raised	Decentralized lending platform	-	Latitud, Blizzard	39/100
10th	Port Finance 2019, London (United Kingdom), Series A	Lending protocol	$6.5M	Jump Capital, Alameda Research & 12 others	38/100