Parcl Secures Strategic Investments from Fifth Wall, JAWS, IA Capital, Eberg Capital, and others

Parcl Secures Strategic Investments from Fifth Wall, JAWS, IA Capital, Eberg Capital, and others

Blockchain-based real estate investment platform raises $7.5M in strategic funding round; marks first direct web3 investment for leading proptech VC

NEW YORK, NY; May 17th, 2022 -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, today announced a $7.5M strategic funding round to help bolster real estate and software partnerships. New investors include Fifth Wall, the largest 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…