TurboFlow, the Hong‑Kong based on‑chain trading platform that merges prediction markets with perpetual futures, announced a $6 million seed round on June 22.
Funding Structure and Investors
Pantera Capital led the financing, while Susquehanna Crypto and Digital Currency Group participated as co‑investors. The transaction was executed through a Simple Agreement for Future Tokens (SAFT), which obligates the investors to receive TurboFlow’s native tokens once the network launches. The SAFT was signed in March, and the round did not disclose a valuation for the startup.
Industry Momentum and Comparable Deals
TurboFlow’s capital raise aligns with a surge in institutional interest for event‑contract platforms, as global prediction‑market turnover is projected to quintuple in 2024. In the United States, regulated exchange Kalshi secured a $1 billion Series F in May,