# Axelar Network

> Axelar Network is a VC fund in Waterloo backing Blockchain and Cryptocurrency. See 4 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Waterloo, Canada
- Total investments: 4
- Last investment: Mar 2024
- Lead investor: 0%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/axelarnetwork
- X (Twitter): https://twitter.com/axelarcore
- Website: http://axelar.network

Axelar Network is a VC fund in Waterloo focused on Blockchain and Cryptocurrency. Axelar is a cross-chain communication tool developing interoperability software to connect blockchain ecosystems, applications, and users. Axelar Network consists of a protocol suite, tools, and APIs, designed to break down the barriers to cross-chain communication. Axelar enables developers to build on the best platform for their needs whileleveraging the Axelar stack to unlock cross-chain composability and liquidity.The company was founded by Sergey Gorbunov and Georgios Vlachos in 2020.

## Contacts

5 contacts available for Axelar Network. Shizune tracks 5 team members at Axelar Network. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/axelar-a039?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Blockchain | 2 | 50% |
| Cryptocurrency | 2 | 50% |
| Developer Tools | 2 | 50% |
| Apps | 1 | 25% |
| Web3 | 1 | 25% |

7 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 75% |
| Pre-Seed | 1 | 25% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 1 | 25% |
| Switzerland | 1 | 25% |
| United States | 1 | 25% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Artem Gordadze | Advisor, Ecosystem Development | 0 | — |
| Galen Moore | Content lead | 0 | — |
| Jason Ma | Director, Business Development | 2 | — |
| Sergey Gorbunov | Co-Founder | 5 | https://shizune.co/investors/profile/sergey-gorbunov-3447 |
| Shawn Lim | APAC Lead | 0 | — |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Midas | Midas is a cryptocurrency application that allows users to sell and invest in cryptocurrency and tokens. | $8.8M | Seed | Mar 26, 2024 |  |
| D8X | D8X is an institutional-grade perpetual futures DEX with a financial engineering approach that significantly transforms the way perpetual futures can be traded on-chain. | $1.5M | Pre-Seed | Aug 04, 2023 |  |
| Cubist | Cubist brings modern software engineering practices and first-class security to web3 builders. Cubist’s toolkit makes it safe and easy to build, test and deploy multi-chain and cross-chain dapps in automated pipelines that handle keys and sequencing. | $7M | Seed | Mar 09, 2023 |  |
| Squid | Squid is a routing protocol that connects users and developers with cross-chain liquidity. It allows any token to be swapped between blockchains and unlocks access to apps across chains with a single click. | $3.5M | Seed | Jan 31, 2023 |  |

4 of 4 investments shown.

## Co-investors
- [P2 Ventures](https://shizune.co/investors/profile/polygon-ventures) — VC Fund, 2 deals together
- [6th Man Ventures](https://shizune.co/investors/profile/6th-man-ventures) — VC Fund, 1 deal together
- [Amplify Partners](https://shizune.co/investors/profile/amplify-partners) — VC Fund, 1 deal together
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund, 1 deal together
- [Blizzard Fund](https://shizune.co/investors/profile/blizzard-fund) — VC Fund, 1 deal together
- [BlockTower Capital](https://shizune.co/investors/profile/blocktower-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Axelar Network invest in?

Axelar Network invests primarily in Blockchain, Cryptocurrency and Developer Tools startups, most often at Seed and Pre-Seed stage. Most of the 4 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Axelar Network?

Public channels for Axelar Network include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Axelar Network?

The team at Axelar Network includes Artem Gordadze (Advisor, Ecosystem Development), Galen Moore (Content lead) and Jason Ma (Director, Business Development). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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