Azuro’s pre-launch funding round closes with a slam!

Shruti Govil
Shruti Govil April 20, 2024
Updated 2024/04/20 at 6:10 PM

The successful completion of Azuro’s pre-launch investment round brings the total amount raised to $11 million. Azuro is the premier liquidity layer for onchain forecasts. SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales, and G1 Ventures were among the distinguished group of investors who supported this round.

This financing comes after a prior $7.5M investment from a group of 25 investors that was made through seed and strategic rounds in 2022. Among the esteemed participants in that phase were AllianceDAO, Ethereal Ventures, Delphi Digital, Gnosis, and Merit Circle, demonstrating the widespread belief in Azuro’s technology and mission.

Azuro is a leading innovator in the on-chain prediction market, providing a decentralized platform that enables the development of a wide range of goods, integrations, and applications. Fundamentally, as part of the Azuro ecosystem, Azuro’s unique Liquidity Pool design, the Liquidity Tree, provides unmatched market liquidity.

Ahead of its much awaited token launch, Azuro has advanced to the third and last level of the Azuro Score, gaining a lot of momentum in its growing ecosystem. Transaction volumes have skyrocketed above $225 million since Stage 2 began, with revenues above $2.4 million. With dozens more in the works and more than 4,400 liquidity providers actively participating in the pools, over 20 dapps are currently up and running on Azuro’s infrastructure.

To strengthen Azuro’s position as a leader in the decentralized prediction market, the funds raised in this round will be judiciously allocated to boost marketing activities and expedite ecosystem development at this crucial phase of growth.

This most recent funding round enables Azuro to continue advancing its goal of offering a highly liquid, transparent, and equitable platform for gaming and on-chain predictions, thereby establishing new benchmarks for decentralised marketplaces.

About the Azuro

Onchain forecasts are handled by Azuro. For EVM chains to host potent prediction and gaming apps, it includes modular tooling, oracles, and liquidity solutions.

Azuro makes gaming and on-chain forecasts portable and comprehensible with its innovative infrastructure layer methodology. 

Anyone may quickly, freely, and without any up-front or ongoing charges create apps, integrations, and products to engage and monetize consumers.


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