TechFlow news, October 22 — According to Fortune, emerging DeFi platform Azura has announced a $6.9 million seed funding round led by Initialized. Other investors include Volt Capital, Winklevoss Capital, and Solana co-founder Raj Gokal.
Azura was founded by 21-year-old Jackson Denka and aims to simplify the DeFi user experience by providing a unified access layer that connects various crypto wallets, blockchains, exchanges, and protocols. The platform offers market data access, full lifecycle trading support, and DeFi asset trading services including Bitcoin and smart contracts.
Brett Gibson, Managing Partner at Initialized, said Azura eliminates risks associated with centralized exchanges like FTX by removing intermediaries and returning control to users.
Notably, Azura initially conducted closed testing under the name Thunder and achieved approximately $10 million in annualized revenue within six months of launch. The platform has now facilitated nearly $1 billion in cumulative trading volume. Denka said the funding will be used to expand the team, improve software, and purchase better servers.
