
TurboFlow, an onchain trading platform focused on prediction markets and perpetual futures, raised US$6 million in a seed funding round led by Pantera Capital, with participation from Susquehanna Crypto and Digital Currency Group.
The funding round closed in March through a SAFE agreement with token warrants, according to founder Tony He, who declined to disclose the company's valuation.
“We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we’re striving to become that bridge,” said TurboFlow founder Tony He.
TurboFlow said it aims to become the "Kalshi of APAC" by offering localised prediction markets and trading products for Asian users, where the company believes the sector remains less developed than in Western markets.
The company said its beta platform has operated for more than six months, attracted over 15,000 registered users and processed more than US$19 billion in trading volume to date, and following the announcement the TurboFlow share price was unavailable.
TurboFlow said it is working towards a compliant operating structure across Asia-Pacific markets, with He stating that prediction market regulations differ significantly between jurisdictions and remain under development.
The company employs more than 30 staff, primarily in Hong Kong, and said it plans to remain relatively lean while competing on liquidity, pricing, service quality and trading infrastructure.