On-chain prediction market Azuro raises $11 million in funding

Azuro, the on-chain predictive liquidity layer, announced the successful closing of its pre-launch funding round, increasing total funds raised to $11 million, including participation from SevenX Ventures, Fenbushi Capital, Arrington Capital, Polymorphic Capital, Red Beard Ventures, Dewhales and G1 Ventures. This funding round follows an infusion of $7.5 million in seed and strategic rounds from 25 investors in 2022. Notable players in this stage include AllianceDAO, Ethereal Ventures, Delphi Digital, Gnosis, and Merit Circle, among others. The capital injection from this round will be strategically deployed to further accelerate the development of the ecosystem at a critical stage of expansion and increase marketing efforts to solidify Azuro’s position as a leader in the decentralized prediction market.