Axelar Secures $30 Million in OTC Funding on March 11, 2025

According to media reports, Axelar completed a $30 million OTC funding round on March 11, 2025. Participating institutions in this round included Arrington Capital, Electric Capital, Distributed Global, Laser Digital, C² Ventures, Wagmi Ventures, and Plassa Capital. To date, Axelar's total funding has reached $143.75 million.Axelar is a decentralized cross-chain communication network focused on enhancing Web3 interoperability by connecting heterogeneous blockchains to optimize asset liquidity and programmability. The project features a two-layer architecture: an underlying network and an upper-layer API. At its core is a permissionless overlay network that delivers Turing-complete cross-chain communication through proof-of-stake and permissionless protocols.Notably, Axelar has achieved significant progress in recent years. In July 2023, the project established a partnership with Microsoft to jointly advance blockchain interoperability solutions. Following this latest funding round, Axelar plans to launch its DAMA 2 multichain infrastructure product in November 2025, further strengthening its competitiveness in the cross-chain communication sector.From a fundraising perspective, Axelar has demonstrated sustained investor confidence since closing its $3.75 million seed round in November 2020, followed by multiple rounds including Series A and Series B. These funds will support Axelar in further developing its technical infrastructure and driving greater interoperability across the blockchain industry.