Axelar Secures $30 Million in OTC Funding on March 11, 2025

According to industry sources, Axelar completed a $50 million public sale financing round on March 3, 2022. Following this round, Axelar’s total cumulative fundraising has reached $143.75 million.Axelar is a decentralized cross-chain communication network dedicated to enhancing Web3 interoperability by connecting heterogeneous blockchains to optimize asset liquidity and programmability. The project features a two-layer architecture: a base network and an upper-layer API. At its core is a permissionless overlay network that provides Turing-complete cross-chain communication through proof-of-stake and permissionless protocols. Developers can utilize the upper-layer API and protocols to build across any number of chains; once integrated, all newly interconnected blockchains achieve interoperability with applications, generating unlimited network effects.In terms of Axelar’s development trajectory, the project raised $3.75 million in seed funding in November 2020, followed by several rounds including Series A and Series B. Notably, Axelar entered into a partnership with Microsoft in July 2023 to jointly develop blockchain interoperability solutions, underscoring the project’s technical capabilities and market recognition. Its token, AXL, was listed on major exchanges in September 2022. According to recent updates, Axelar plans to launch the DAMA 2 multi-chain infrastructure product in November 2025, which will further strengthen its competitive position in the cross-chain communication sector.

According to industry sources, Axelar raised $35 million in its Series B funding round on February 15, 2022. Investors participating in this round include Dragonfly, Lemniscap, Blockchange Ventures, Polychain, North Island Ventures, RockawayX, Olive Tree Capital, Node Capital, Cygni Capital, and Waikit Lau. Following this transaction, Axelar’s total funding reached $143.75 million, with its latest valuation at $1 billion.Axelar is a decentralized cross-chain communication network dedicated to enhancing Web3 interoperability by connecting heterogeneous blockchains and enabling asset liquidity and programmability. The project comprises a network layer and an API layer, with its core being a permissionless overlay network that provides Turing-complete cross-chain communication via proof-of-stake and permissionless protocols. Notably, in July 2023, Axelar entered into a partnership with technology giant Microsoft to jointly develop blockchain interoperability solutions, underscoring its technological capabilities and market recognition. Since its inception with a seed round at the end of 2020, Axelar has completed multiple funding rounds and launched its native token AXL for trading in September 2022, demonstrating robust growth momentum. As demand for cross-chain interoperability continues to rise, Axelar’s solutions are poised to play a pivotal role in advancing connectivity within the blockchain ecosystem.

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.

According to industry sources, cross-chain communication network Axelar completed a strategic financing round on November 22, 2021. Investors in this round include Crypto.com Capital, Morningstar Ventures, Informal Systems, Scytale Digital, ZKValidator, and 0xMaki, among others. To date, Axelar has raised a total of $143.75 million.Axelar is a decentralized cross-chain communication network designed to enhance Web3 interoperability by connecting heterogeneous blockchains and enabling asset liquidity and composability in an optimized manner. The project consists of a network layer and an API layer. Its core is a permissionless overlay network that delivers Turing-complete cross-chain communication through proof-of-stake and permissionless protocols. Developers can leverage upper-layer APIs and protocols to build applications across any number of chains. Once integrated, all newly interconnected blockchains become interoperable with applications, generating unlimited network effects.Axelar has demonstrated rapid growth through its funding history. The project raised $3.75 million in a seed round in November 2020, followed by a $25 million Series A in July 2021 and a $35 million Series B in February 2022. Notably, Axelar launched its native token AXL in September 2022, which was subsequently listed on major exchanges. In July 2023, Axelar partnered with technology giant Microsoft to jointly develop blockchain interoperability solutions, underscoring its technical strength and industry influence. According to the latest reports, Axelar plans to launch its DAMA 2 multi-chain infrastructure product in November 2025, further advancing cross-chain technology.