TurboFlow, an onchain trading platform offering prediction markets and perpetual futures, raised $6 million in a seed funding round that closed in March. Pantera Capital led the round, with Susquehanna Crypto and Digital Currency Group participating as the only three investors. The fundraise comes as both prediction markets and perpetual futures continue to grow and attract investor interest, with TurboFlow aiming to address the underdeveloped prediction market landscape across the Asia-Pacific region.
Pantera Capital Leads $6 Million Seed Round
Pantera Capital led the $6 million seed round, with Susquehanna Crypto and Digital Currency Group as the only other participants. The round closed in March after fundraising began earlier this year, according to founder Tony He, former co-founder and partner at Amber Group. The round was structured as a simple agreement for future equity (SAFE) with token warrants. He declined to disclose the valuation.
TurboFlow Targets APAC Prediction Market Gap
Based in Hong Kong, TurboFlow aims to become the "Kalshi of APAC." He said prediction markets have gained significant traction through platforms such as Kalshi and Polymarket in Western markets, but remain largely underdeveloped across Asia. TurboFlow aims to fill that gap through localization and a stronger regional presence. "We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we're striving to become that bridge," He said. "People here are interested in different topics and assets to trade. It's about staying close to users and being able to deliver the products they want, fast."
Platform Pursues Regulatory Compliance and Liquidity Partnerships
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. He pointed to relationships with firms including Susquehanna Crypto and his own background in market making as the foundation for building liquidity. He also said the team has deep experience in user acquisition across Asia and plans to compete through liquidity, pricing, service quality, and trusted infrastructure.
TurboFlow Reports 15,000 Beta Users and $19 Billion Trading Volume
TurboFlow said it has been running its beta for more than six months and has attracted over 15,000 registered beta users. The platform said it has processed more than $19 billion in trading volume to date. "Perps have traditionally been the most popular product among crypto users, but our fastest-growing segment is coming entirely from prediction markets --- which proves to us that offering a genuinely new trading experience is what matters most," He said. TurboFlow describes its approach as "high-velocity event trading," allowing users to participate in markets with entry sizes as small as $2. Other claimed features include fast settlement infrastructure for short-duration contracts and a consumer-focused interface. TurboFlow currently has more than 30 employees, with most of the core team based in Hong Kong. He said the firm plans to remain "relatively lean" as it looks to grow.
FAQ
What did TurboFlow raise in its seed funding round?
TurboFlow raised $6 million in a seed funding round led by Pantera Capital, with Susquehanna Crypto and Digital Currency Group participating. The round closed in March and was structured as a simple agreement for future equity (SAFE) with token warrants.
Why is TurboFlow focused on the Asia-Pacific region?
TurboFlow aims to address the underdeveloped prediction market landscape across Asia-Pacific. Founder Tony He stated that prediction markets have gained significant traction through platforms like Kalshi and Polymarket in Western markets but remain largely underdeveloped across Asia, and TurboFlow seeks to fill that gap through localization and regional presence.
How many users has TurboFlow attracted during its beta phase?
TurboFlow has been running its beta for more than six months and has attracted over 15,000 registered beta users. The platform has processed more than $19 billion in trading volume to date.
