Axelar

About

Axelar is a decentralized communication tool that connects blockchain ecosystems, applications, and assets.

Waterloo,Ontario,Canada
11 - 50
http://axelar.network

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: $35M
Industries: Blockchain,Developer APIs,Network Security,Software
Founded date: Jan 1, 2020
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Axelar Inc.

Axelar is a cross-chain communication tool developing interoperability software to connect blockchain ecosystems, applications, and users. Axelar Network consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication. Axelar enables developers to build on the best platform for their needs while leveraging the Axelar stack to unlock cross-chain composability and liquidity.

The company was founded by Sergey Gorbunov and Georgios Vlachos in 2020.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

$63.75M

Axelar has raised a total of $63.75M in funding over 2 rounds. Their latest funding was raised on Feb 15, 2022 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Feb 15, 2022	Series B	$35M	13	—	—	Detail
Nov 22, 2021	Series Unknown	—	6	Crypto.com Capital	—	Detail
Jul 15, 2021	Series A	$25M	9	Polychain	—	Detail
Nov 13, 2020	Seed	$3.75M	11	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

0

Axelar has made 1 investments. Their most recent investment was on Jun 14, 2022, when Pile raised €2.80M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jun 14, 2022 Pile	Pre-seed	€2.80M	Cryptocurrency	—

Investors

Number of Lead Investors

Number of Investors

2

29

Axelar is funded by 29 investors. Crypto.com Capital and Polychain are the most recent investors.

Investor Name	Lead Investor	Funding Round
Crypto.com Capital	Yes	Series Unknown
Polychain	—	Series B
Blockchange Ventures	—	Series B
Cygni Capital	—	Series B
Dragonfly	—	Series B
Gokul Rajaram	—	Series B
Krenex Capital	—	Series B
Lemniscap	—	Series B
Node Capital	—	Series B
North Island Ventures	—	Series B