Experience

Parallel Studios raises US$35 million in financing from investors including Coinbase Ventures and the Solana Foundation

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Overview

Client

Parallel Studios

On March 27, 2024, Parallel Studios (“Parallel”), a developer of blockchain-enabled video games including a sci-fi based competitive card game, announced that it had secured a US$35 million funding round from investors including participation by Distributed Global Ventures, OSS Capital, VanEck, Coinbase Ventures and the Solana Foundation, among other new and existing investors.

Parallel intends to use the proceeds of this round to expand the Parallel universe across new mediums and platforms.

Fasken advised Parallel in connection with this financing with a team comprised of Will Shaw, Alec McIlwraith-Black, Satnam Singh Dosanjh and Isabelle Savoie (Articling Student).

Jurisdiction

  • Ontario

Team

  • Will Shaw, Partner | National Co-Leader, Emerging Technology & Venture Capital, Toronto, ON, +1 416 865 4554, [email protected]
  • Alec McIlwraith-Black, Associate | Emerging Technology & Venture Capital, Toronto, ON, +1 416 868 3468, [email protected]
  • Satnam Singh Dosanjh, Associate | Emerging Technology & Venture Capital, Toronto, ON, +1 416 865 5120, [email protected]
  • Isabelle Savoie, Associate | Corporate/Commercial, Toronto, ON, +1 416 943 8993, [email protected]
Will Shaw Toronto Lawyer Will Shaw Partner | National Co-Leader, Emerging Technology & Venture Capital Toronto, ON +1 416 865 4554
Alec McIlwraith-Black Toronto Lawyer Alec McIlwraith-Black Associate | Emerging Technology & Venture Capital Toronto, ON +1 416 868 3468
Satnam Singh Dosanjh Toronto Lawyer Satnam Singh Dosanjh Associate | Emerging Technology & Venture Capital Toronto, ON +1 416 865 5120
Isabelle Savoie Toronto Lawyer Isabelle Savoie Associate | Corporate/Commercial Toronto, ON +1 416 943 8993