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Investors - MAY 18, 2022

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Blockchain-based real estate platform Parcl secures strategic investments

by Released

Parcl, the blockchain-based real estate platform that allows users to invest in a digital square foot of real estate in the most lucrative neighborhoods around the world, has announced a $7.5 million strategic funding round to help bolster real estate and software partnerships. New investors include Fifth Wall, a venture capital firm focused on technologies for the global real estate industry, JAWS, family office of Barry Sternlicht, IA Capital & Eberg Capital, Big Brain Holdings, and new angel Santiago Santos. Existing investor partners made up much of the round, including Archetype, Dragonfly Capital, Shima Capital, Solana Ventures, Not Boring Capital, and FJ Labs.

Parcl is a digital real estate protocol built on Solana, a blockchain specifically designed to host decentralized and scalable applications. The Parcl Protocol allows users to invest in and trade specific geographical real estate markets, enabling directional investment and hedging strategies in this traditio

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