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
