TurboFlow Closes $6M Seed Round Led by Pantera Capital on June 23

According to BlockBeats, on June 23, TurboFlow, an on-chain trading platform for prediction markets and perpetual futures, closed a $6 million seed funding round led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group. The round, which was initiated earlier this year and completed in March, was structured as SAFE plus token warrants with no valuation disclosed.

Based in Hong Kong, TurboFlow aims to become the "Kalshi of Asia-Pacific." Founder Tony He, former co-founder and partner at Amber Group, noted that prediction markets have achieved significant adoption in Western markets through platforms like Kalshi and Polymarket but remain underdeveloped in Asia. The platform's testnet has operated for over six months with more than 15,000 registered users.