About Axelar
Axelar is a company based in Toronto (Canada) founded in 2020 by Georgios Vlachos and Sergey Gorbunov.. Axelar has raised $93.75 million across 6 funding rounds from investors including Binance, Galaxy and CRYPTO. Axelar operates in a competitive market with competitors including LayerZero Labs Canada Inc, Push, Multichain, Wormhole and Sending.Network, among others.
- Headquarter Toronto, Canada
- Founders Georgios Vlachos, Sergey Gorbunov
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$93.75 M (USD)
in 6 rounds
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Latest Funding Round
$30 M (USD), Series B
Mar 11, 2025
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Investors
Binance
& 38 more
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Employee Count
Employee Count
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Funding Insights of Axelar
Axelar has successfully raised a total of $93.75M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in March 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $30.0M
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First Round
First Round
(13 Nov 2020)
- Investors Count 39
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2025 | Amount | Series B - Axelar | Valuation |
investors |
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| Sep, 2022 | Amount | Token Sale - Axelar | Valuation |
investors |
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| Feb, 2022 | Amount | Series B - Axelar | Valuation | Cygnicapital.com , Blockchange |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Axelar
Axelar has secured backing from 39 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Binance, Galaxy and CRYPTO. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on digital assets and web3
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Founded Year | Domain | Location | |
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Cryptocurrency investment firm
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Founded Year | Domain | Location | |
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Blockchain projects are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Axelar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Axelar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Axelar Comparisons
Competitors of Axelar
Axelar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LayerZero Labs Canada Inc, Push, Multichain, Wormhole and Sending.Network, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Omnichain interoperability protocol is enabled for decentralized applications across blockchains.
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| domain | founded_year | HQ Location |
Web3 communication network, enabling cross-chain notifications & messaging for dApps, wallets & services
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| domain | founded_year | HQ Location |
Multi-chain ecosystem protocols are developed and integrated across blockchain networks.
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| domain | founded_year | HQ Location |
Blockchain interoperability is facilitated through a generic message-passing protocol.
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| domain | founded_year | HQ Location |
Online platform offering messaging protocol solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Axelar
Frequently Asked Questions about Axelar
When was Axelar founded?
Axelar was founded in 2020.
Where is Axelar located?
Axelar is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Axelar?
Sergey Gorbunov is the current CEO of Axelar. They have also founded this company.
Is Axelar a funded company?
Axelar is a funded company, having raised a total of $93.75M across 6 funding rounds to date. The company's 1st funding round was a Series B of $35M, raised on Nov 13, 2020.
What does Axelar do?
Axelar was founded in 2020 in Toronto, Canada, as an online platform focused on cross-chain communication within the web3 sector. Solutions are provided for integrating decentralized applications into blockchain networks. Developers are enabled to host applications, transfer assets across chains, and interact with applications on other networks through the Axelar API. Operations center on blockchain interoperability services.
Who are the top competitors of Axelar?
Axelar's top competitors include LayerZero Labs Canada Inc, Push and Wormhole.
Who are Axelar's investors?
Axelar has 39 investors. Key investors include Binance, Galaxy, CRYPTO, Informal Systems, and Polychain.
What is Axelar's valuation?
The valuation of Axelar is $1B as of Feb 2022.
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