Axelar Secures $3.75 Million in Seed Funding on November 13, 2020

According to industry reports, Axelar raised $3.75 million in its Seed funding round on November 13, 2020. Investors participating in this round included YZi Labs, Lemniscap, Divergence Ventures, DCVC, Naval Ravikant, Waikit Lau, among others. Following this round, Axelar’s total funding reached $143.75 million, with its latest valuation at $28 million.Axelar is a decentralized cross-chain communication network focused on enhancing Web3 interoperability by connecting heterogeneous blockchains and enabling optimized asset liquidity and programmability. The project architecture consists of a network layer and an API layer, with its core being a permissionless overlay network that delivers Turing-complete cross-chain communication through proof-of-stake and permissionless protocols.Since its inception, Axelar has demonstrated rapid growth. After the Seed round, the project completed a $25 million Series A in July 2021, a $35 million Series B in February 2022, and a $50 million public offering in March 2022. Notably, in July 2023, Axelar entered into a partnership with Microsoft to jointly develop blockchain interoperability solutions, underscoring its technical capabilities and market recognition. According to its development roadmap, Axelar plans to launch the DAMA 2 multi-chain infrastructure product in November 2025 to further expand its cross-chain ecosystem.