Blockchain Prediction Layer Azuro Raises $11M After Pre-Launch Funding Round
Lisbon, Portugal, April 11th, 2024, Chainwire
Azuro, the leading liquidity layer for onchain predictions, is excited to announce the successful closure of its pre-launch funding round, increasing the total capital raised to $11M. This round was championed by an impressive lineup of investors including SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales, and G1 Ventures.
This round follows a previous injection of $7.5M in 2022 from a cohort of 25 investors secured in Seed and Strategic rounds. Esteemed participants in that phase included AllianceDAO, Ethereal Ventures, Delphi Digital, Gnosis, and Merit Circle, among others, underscoring the broad-based confidence in Azuro’s vision and technology.
Azuro stands at the forefront of on-chain prediction market innovation, offering a decentralized platform that empowers the creation of diverse applications, integrations, and products. At its core, Azuro’s innovative Liquidity Pool design, the Liquidity Tree, offers unparalleled market liquidity, supporting thousands of sports markets and other games, all tied together as part of the Azuro ecosystem.
In anticipation of its long-awaited token launch, Azuro has recently progressed to the third and final stage of the Azuro Score, witnessing significant momentum across its expanding ecosystem. Since the start of Stage 2 in September 2023, transaction volumes have soared beyond $225M, with revenues exceeding $2.4M. Over 20 dapps are already operational and employing Azuro’s infrastructure to run their businesses, with dozens more in the pipeline, and 4,400+ liquidity providers actively participating in the pools.
The infusion of funds from this round will be strategically deployed to further accelerate ecosystem development during this critical phase of expansion and to intensify marketing efforts, solidifying Azuro’s position as a leader in the decentralized prediction market space.
Azuro’s commitment to innovation and community engagement remains steadfast, as expressed by Rossen Yordanov, core contributor at Azuro: “We’re truly thankful for the incredible trust and support our investors have shown in Azuro. This round of funding arrives just as we’re about to hit some major milestones in our journey, including the much-anticipated launch of our $AZUR token, which is at the heart of what we’re building. With this new capital injection, we will bring Azuro even closer to our big goal: making prediction markets clearer and more open to everyone.”
This latest round of investment empowers Azuro to further its mission in providing a transparent, fair, and highly liquid platform for on-chain predictions, and gaming experiences, setting new industry standards for decentralized marketplaces.
About Azuro
Azuro is the onchain predictions layer. It consists of modular tooling, oracle and liquidity solutions for EVM chains to host powerful prediction and gaming apps.
With its unique infrastructure layer approach Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to engage and monetize users by building apps, integrations, and products quickly, permissionlessly and with zero upfront or running costs.
For more information or press inquiries, please contact team@azuro.org
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