Parcel Closes $2.5 Million Seed Equity Round

TokenInsight news, Indian cryptocurrency startup Parcel has closed its second round of funding for a total of $2.5 million led by Dragonfly Capital and followed by Scalar Capital, A Capital, Compound, Consensys, 6th Man Ventures, and others. Parcel is a DAO-based management tool that currently works with large DeFi teams such as SynthetixDAO, Compound, and Aave. The Parcel team consists of five members, and founder Girdhar says the funding will be used to scale the company and develop financial management tools with incentives, and that Parcel will later launch its own DAO and token offering.