AI · The Block
TurboFlow, aiming to be the ‘Kalshi of APAC,’ raises $6 million seed led by Pantera Capital
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TurboFlow, an onchain trading platform offering prediction markets and perpetual futures, has raised $6 million in a seed funding round.
Key facts
- TurboFlow, an onchain trading platform offering prediction markets and perpetual futures, has raised $6 million in a seed funding round
- TurboFlow describes its approach as "high-velocity event trading," allowing users to participate in markets with entry sizes as small as $2
- Pantera Capital led the round, with Susquehanna Crypto and Digital Currency Group participating, TurboFlow said Monday
- TurboFlow currently has more than 30 employees, with most of the core team based in Hong Kong
Summary
Pantera Capital led the round, with Susquehanna Crypto and Digital Currency Group participating, TurboFlow said Monday. TurboFlow's fundraise comes as both prediction markets and perpetual futures continue to grow and attract investor interest. "We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we’re striving to become that bridge," He said. When asked what licenses TurboFlow holds or is pursuing, He said regulatory frameworks for prediction markets "vary significantly across APAC and are still evolving," but TurboFlow is "proactively building toward a compliant, legitimate setup" and working with advisors to evaluate compliant paths with a market-by-market approach.