Azuro Completes Pre-Launch Round Raising Total Funding To $11M

Azuro
azuroprotocol
Published in
3 min readApr 11, 2024

--

Azuro has successfully closed a pre-launch funding round, bringing the total capital raised to $11M. This milestone was made possible by the support of leading investors like SevenX Ventures, Fenbushi Capital, Arrington Capital, some of which have been backing Azuro since the very beginning, sharing our vision for more transparent and accessible prediction markets.

Since our last investment update in 2022, when we secured $7.5M from a diverse group of 25 investors, we’ve been on a growth journey. Our mission to create the world’s de-facto onchain predictions layer has led us to support dozens of sports markets, games and foster the creation of new decentralized applications and integrations.

This new investment round arrives at a critical development stage for Azuro. We have recently entered the third phase of the Azuro Score program, the final step before the $AZUR launch.

The ecosystem is growing strong, with transaction volumes surpassing $225M, and revenues topping $2.4M. So far, more than 25+ dapps are already leveraging Azuro’s infrastructure, with many others in the pipeline, and over 4,400 liquidity providers fueling our pools.

Check our latest stats on Dune

Funds in. What’s next?

The infusion of $11M will further support our efforts in ecosystem development and marketing, ensuring that Azuro cements a leadership position in the decentralized predictions market.

Rossen Yordanov, a core contributor at Azuro, encapsulates our collective sentiment: “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 the predictions market clearer and more open to everyone.”

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 onchain 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.

Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. References to any digital assets, projects and platforms do not constitute any recommendation for any action or an offer to provide investment, financial or other advisory services. This content may not under any circumstances be relied upon when making a decision to purchase any digital asset referenced herein.

--

--

Azuro
azuroprotocol

🌊 Dive into the Azure: Empowering decentralized sports markets & games with deep liquidity & prediction contracts. 🌊