Axelar provides an interoperability platform that allows developers to connect decentralized applications across multiple blockchain networks. Using its API and validator-based architecture, Axelar enables secure cross-chain messaging and asset transfers, simplifying multichain development for Web3 builders.
The protocol is widely used by developers building DeFi, NFT, and cross-chain applications that require reliability, speed, and security at scale.
What Is Axelar and What Does It Do?
Axelar, founded in 2020, is a Toronto-based (Canada) blockchain infrastructure company.
The company develops a cross-chain communication platform that enables developers to host applications, move digital assets, and communicate across blockchains using a unified API.
Axelar employs 11-50 employees, supporting developers and ecosystems across the global Web3 landscape.
How Much Funding Has Axelar Raised?
1. Seed Round
- Amount Raised: $3.75M
- Date: November 2020
- Lead Investors: Binance, DCVC
- Motivation: To build the initial cross-chain protocol and developer tooling.
2. Series A
- Amount Raised: $25M
- Date: July 2021
- Lead Investors: Polychain, Galaxy Digital
- Motivation: To expand protocol adoption and strengthen network security.
3. Series B
- Amount Raised: $35M
- Date: February 2022
- Lead Investors: Polychain, Dragonfly, North Island Ventures
- Motivation: To scale omnichain infrastructure and ecosystem partnerships.
4. ICO
- Amount Raised: $50.1M
- Date: September 2022
- Motivation: To support network growth and token ecosystem expansion.
5. Series B
- Amount Raised: $30M
- Date: March 2025
- Lead Investors: Arrington Capital, Electric Capital
- Motivation: To accelerate developer adoption and global expansion.
Total Funding Raised: $143.85 Million
Current Valuation: $1 Billion (as of February 2022)
Latest Funding Date: March, 2025
Key Investors
1. DCVC
- Details: Deep tech venture capital firm investing in foundational infrastructure technologies.
- Investment Focus Areas: Blockchain infrastructure, AI, deep tech.
- Notable Investments: Axelar, Coinbase, IronNet.
2. Arrington Capital
- Details: Crypto-focused investment firm backing early-stage blockchain networks.
- Investment Focus Areas: Web3, DeFi, blockchain protocols.
- Notable Investments: Axelar, Polygon, Algorand.
3. Electric Capital
- Details: Venture firm focused on developer-driven crypto ecosystems.
- Investment Focus Areas: Web3 infrastructure, open-source crypto.
- Notable Investments: Axelar, Solana, Near Protocol.
4. Polychain Capital
- Details: Investment firm focused exclusively on blockchain assets and protocols.
- Investment Focus Areas: Blockchain networks, tokens, Web3 infrastructure.
- Notable Investments: Axelar, Avalanche, Cosmos.
Where Is Axelar’s Headquarters?
Axelar is headquartered in Toronto, Canada, a growing hub for blockchain research and Web3 startups.
What’s Next for Axelar?
Axelar is focused on becoming the default interoperability layer for Web3, enabling secure multichain applications at scale. Future priorities include expanding validator participation, onboarding new blockchain ecosystems, and deepening enterprise and developer adoption across DeFi, gaming, and real-world asset tokenization.
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