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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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People of Axelar
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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.
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.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital firm focused on digital assets and web3
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Cryptocurrency investment firm
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Blockchain projects are funded by this venture capital firm.
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Investor details for Axelar
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Investments & Acquisitions by Axelar
Investment portfolio details for Axelar
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Financial Statements - Axelar
Detailed financials for Axelar
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Axelar Comparisons
Peer comparison for Axelar
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Omnichain interoperability protocol is enabled for decentralized applications across blockchains.
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Web3 communication network, enabling cross-chain notifications & messaging for dApps, wallets & services
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Multi-chain ecosystem protocols are developed and integrated across blockchain networks.
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Blockchain interoperability is facilitated through a generic message-passing protocol.
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Online platform offering messaging protocol solutions
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Detailed competitors of Axelar
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Latest news on Axelar
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Frequently Asked Questions about Axelar
Axelar was founded in 2020.
Axelar is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Sergey Gorbunov is the current CEO of Axelar. They have also founded this company.
Axelar is a funded company, having raised a total of $93.75M across 6 funding rounds to date.
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.
Axelar's top competitors include LayerZero Labs Canada Inc, Push and Wormhole.
Axelar has 39 investors. Key investors include Binance, Galaxy, CRYPTO, Informal Systems, and Polychain.
The valuation of Axelar is $1B as of Feb 2022.