Parallel Markets provides identity verification and investor accreditation tools for financial platforms.
Founded in 2018 and based in New York, Parallel Markets developed identity, KYC/AML, accreditation, and sanctions monitoring tools for financial institutions, including a portable digital identity product. In December 2021, it raised USD 7.25 million in Series A funding led by Union Square Ventures, with participation from Lux Capital, RiverPark Ventures, ENIAC Ventures, and Supernode Ventures; the round valued the company at USD 25 million post-money. iCapital acquired the company in January 2025 for an undisclosed amount.
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