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).