Wednesday, May 22, 2024 – Azuro declared the completion of the pre-launch funding round, elevating the total capital to $11 million, on April 11, 2024. 1
The leading investors of SevenX Ventures and Arrington Capital were supportive of the successful completion of the funding round, while Fenbushi Capital, Polymorphic Capital, Red Beard Ventures, Dewhales, and G1 Ventures participated in the funding round, according to the source.
Azuro, the onchain prediction layer, would enhance its performance by supporting the gaming industry and unveiling the latest market standards with the recent funding round.
“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,” core contributor at Azuro, Rossen Yordanov, stated. 2
The total of $4 million was raised in 2024 compared with the 2022 investment update for Azuro. 2
The Azuro Score program reached its third phase, the final step before the launch of $AZUR, with $237 million in protocol volume and $2.4 million in revenue.
21K exceeded the user base, including the 4400+ liquidity providers, and over 25+ live dApps have strengthened the program infrastructure.
- Azuro Raises Capital: https://x.com/azuroprotocol/status/1778417282940571712[↩]
- Azuro Raises Capital: https://medium.com/azuroprotocol/azuro-completes-pre-launch-round-raising-total-funding-to-11m-c795e556ea48[↩][↩]
