Tech Company Financing Transactions
Axelar Network Funding Round
Axelar Network, based in Waterloo, Ontario, raised $60 million in investment from Blockchange Ventures, Chorus One Ventures and Collab+Currency.
Transaction Overview
Company Name
Announced On
12/19/2022
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The program will accelerate the development of decentralized applications and protocols that can replace centralized exchanges, providing onramps to blockchain-based technology for millions of users.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
200 University Avenue West DC 3528
Waterloo, Ontario, N2L 3G1
CA
Waterloo, Ontario, N2L 3G1
CA
Phone
Undisclosed
Website
Email Address
Overview
Developer of a decentralized interoperability software designed to connect blockchain ecosystems, applications, and users. The company's software is powered by byzantine consensus, cryptography, and mechanism design protocols that let applications live on different blockchains to communicate with each other, enabling clients to get a distributed network, APIs, and tools to make it easy to build cross-chain decentralized applications.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sergey Gorbunov
Co-Founder
Georgios Vlachos
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