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

According to media reports, Axelar obtained $30 million in over-the-counter (OTC) funding on March 11, 2025. Investors participating in this round include Arrington Capital, Electric Capital, Distributed Global, Laser Digital, C² Ventures, Wagmi Ventures, and Plassa Capital. With this latest transaction, Axelar’s cumulative funding has reached $143.75 million.Axelar is a decentralized cross-chain communication network focused on enhancing Web3 interoperability by connecting heterogeneous blockchains and enabling asset liquidity and programmability. The project comprises a network layer and an API layer, with its core being a permissionless overlay network that delivers Turing-complete cross-chain communication through proof-of-stake and permissionless protocols.Notably, Axelar has made significant progress in recent years. In July 2023, the project entered into a partnership with technology giant Microsoft to jointly develop blockchain interoperability solutions. According to its development roadmap, Axelar plans to launch the DAMA 2 multichain infrastructure product in November 2025, further strengthening its competitiveness in the cross-chain communication sector. Since its initial seed round in 2020, Axelar has completed multiple funding rounds—including Series A, Series B, and public offerings—demonstrating sustained investor confidence in its technological innovation and market prospects.