Emerging and High Growth Companies

Axelar in its US$3.75 million financing round

Axelar

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Expertise
Emerging and High Growth Companies
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Andrew Irwin

Associate, Emerging and High Growth Companies, Toronto

 

Axelar completed its US$3.75 million seed funding round. The financing was led by Silicon Valley investors including DCVC, Binance X, Lemniscap, Collab+Currency, North Island Ventures, Divergence Ventures and Cygni Labs. The funding will be used to accelerate project development and to scale cross-chain communication.

Axelar is a Waterloo based technology firm specializing in creating a decentralized network that connects app builders with blockchain ecosystems, applications and users.

Osler, Hoskin & Harcourt LLP advised Axelar with a team consisting of Chad Bayne, Andrew Irwin and Scott Lin (Emerging and High Growth Companies).

Value
US$3.75 million
Date Closed
November 20, 2020
Lead Office
Toronto
Key Contact
Chad Bayne

Partner, Emerging and High Growth Companies, Toronto

Team
Andrew Irwin

Associate, Emerging and High Growth Companies, Toronto

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