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Parcl operates a blockchain-based protocol allowing investment in digital assets that track specific global real estate prices. It provides synthetic exposure to property markets without direct ownership. The platform utilizes decentralized finance and data analytics to create market-specific tokens, enabling fractionalized, liquid participation in real estate price movements.
Founded by Trevor Bacon and Kellan Grenier, Parcl emerged from observing traditional real estate's inefficiencies, including high entry barriers and illiquidity. Their insight led to creating an accessible, transparent, and liquid alternative via tokenized real estate exposure, leveraging blockchain to democratize market access.
Parcl serves investors seeking diversified real estate exposure and liquidity providers facilitating trading. Its vision is to broaden participation in real estate, offering a streamlined way for individuals to build global portfolios based on real-world property price movements, fostering financial inclusion in a historically exclusive market.
Parcl has raised $8.0M across 1 funding round.
Parcl has raised $8.0M in total across 1 funding round.
Parcl has raised $8.0M in total across 1 funding round.
Parcl's investors include 8VC, Andreessen Horowitz, Archetype, Blockchange Ventures, CRV, Dragonfly Capital Partners, Ethereal Ventures, Fifth Wall, Foundamental, Hashed, J2 Ventures, Kohala Ventures.
Parcl has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Series A in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 1, 2022 | $8M Series A | — | 8VC, Andreessen Horowitz, Archetype, Blockchange Ventures, CRV, Dragonfly Capital, Ethereal Ventures, Fifth Wall, Foundamental, Hashed, J2 Ventures, Kohala Ventures, LUX Capital, Pantera Capital, ParaFi Capital, Ravelin Capital, RET Ventures, Seed Club Ventures, Sequoia Capital, Slow Ventures, Village Global, XYZ Venture Capital, Larry Braitman, Lawrence Braitman, Mariano Conti, Regan Bozman, Stani Kulechov | Announced |
Parcl is a blockchain-based technology company that builds a decentralized platform for real estate market speculation and trading. It enables users to invest in digital representations of physical real estate—specifically, "digital square feet" tied to city-level or neighborhood price indexes—without owning property, offering features like no-minimum investments, immediate liquidity, low fees, and up to 10x leverage for long or short positions.[1][2][4][5] Built on the Solana blockchain, Parcl serves retail and institutional investors seeking exposure to global real estate markets, solving problems of opacity, high barriers to entry, illiquidity, and intermediary costs in traditional real estate by providing real-time price tracking via data from transactions, tax records, listings, and geospatial sources.[1][4][5] The platform has raised $16.17M in funding, with its latest $7.5M Seed VC-II round two years ago, and continues to expand tradable indexes to major U.S. cities like Austin, Chicago, Seattle, and Boston while partnering with firms like SkyBridge for institutional growth.[1][3]
Parcl emerged during the COVID-19 era when two co-founders, previously working in technology and payments at hedge funds like Millennium and Nomura, spotted abundant relative value opportunities in real estate markets but lacked practical ways to trade them.[4] Founded in 2021 (with some sources noting 2020 or 2022 variations likely tied to incorporation), the company was established by Stephen Robinson and Trevor Bacon, leveraging their finance and tech backgrounds to create a digital real estate protocol on Solana.[1][3][4] Headquartered in Road Town, Tortola, British Virgin Islands, with a New York office and ~27 employees, Parcl quickly gained traction through its innovative price indexing and blockchain integration, securing seed funding and launching expansions like new city indexes by mid-2023.[1][2][3]
Parcl rides the Real World Assets (RWA) trend in blockchain and DeFi, tokenizing illiquid real estate to unlock trillions in value through fractional, global access—aligning with Web3's push for on-chain finance.[1][3] Timing is ideal amid post-COVID real estate volatility, rising institutional crypto adoption (e.g., SkyBridge partnership), and Solana's scalability advantages over Ethereum for high-frequency trading.[3][4] Market forces like geospatial data proliferation, ML-driven indexing, and demand for liquid alternatives to physical property favor Parcl, positioning it to democratize a $300T+ asset class while influencing proptech by enabling hedging tools and data transparency for investors, developers, and ecosystems like blockchain gaming/NFTs.[1][4][5]
Parcl is poised to scale as RWA adoption accelerates, potentially adding international markets, refining ML for hyper-local indexes, and deepening institutional ties via partnerships. Trends like AI-enhanced data oracles, Solana's growth, and regulatory clarity for tokenized assets will shape its path, evolving its influence from niche speculator tool to mainstream real estate hedge. This positions Parcl to transform how investors speculate on housing like stocks, fulfilling its mission of real estate for everyone.[4][5][6]
