Azura, a San Francisco, CA-based company developing an interfacing layer for decentralized finance (DeFi), raised $6.9M in Seed funding.
The round was led by Garry Tan’s Initialized Capital. Additional investors included Volt Capital, Winklevoss Capital, Alliance, Raj Gokal (co-founder of Solana), Meltem Demirors (former co-chair, World Economic Forum’s Cryptocurrency Council), Stephane Gosselin (co-founder of Flashbots), and others.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO and Founder Jackson Denka, Azura is a provider of a platform designed to simplify and enhance the user experience of DeFi. As the number of blockchains and decentralized protocols grows, the fragmentation of onchain liquidity and assets, and the complexity of crypto services does, too making it especially difficult for users to navigate the space. The company addresses these challenges by offering a unified application that aggregates and standardizes interactions across various blockchains and protocols.
Six months after launching a “proof of concept” trading terminal, Azura had already begun generating more than eight figures in annualized revenue with close to $1 billion in lifetime volume. The team is composed of engineers from Citadel Securities, Two Sigma, D.E. Shaw, Optiver, Flashbots, Coinbase, and Bloomberg, among others.
FinSMEs
22/10/2024