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TurboFlow raises $6 million seed round led by Pantera Capital

TurboFlow raises $6 million seed round led by Pantera Capital

The Hong Kong-based on-chain trading platform plans to use the capital for product development, liquidity infrastructure and user growth as it targets an underdeveloped APAC market for prediction markets and perpetuals.

Fact Check
The Block, the original primary report referenced by the supplied aggregator links, confirms every element of the claim: Hong Kong-based TurboFlow raised $6 million in a seed round led by Pantera Capital, and its beta ran more than six months drawing over 15,000 registered users and more than $19 billion in cumulative volume. CryptoBriefing, BlockBeats, and Odaily independently corroborate the $6M figure and Pantera lead. A minor date discrepancy exists (BlockBeats lists the round closing March 2025 while The Block states March 2026), but this does not affect the claim's substantive accuracy.
Summary

TurboFlow closed a $6 million seed round in March through a simple agreement for future tokens, with Pantera Capital leading and Susquehanna Crypto and Digital Currency Group also participating. The Hong Kong-based company operates an on-chain trading platform that combines prediction markets and perpetual futures, and says its beta has run for more than six months, attracting over 15,000 registered users and more than $19 billion in cumulative trading volume. Founder Tony He, a former co-founder and partner at Amber Group, did not disclose the valuation. The company is positioning itself around what it sees as an underserved APAC market, arguing that while platforms such as Kalshi and Polymarket have gained traction in Western markets, prediction-market regulation and product availability remain fragmented across Asia. TurboFlow said the new funding will support product development, liquidity infrastructure and user growth.

Terms & Concepts
  • simple agreement for future tokens: A financing structure in which investors provide capital now for the right to receive tokens later, typically when a platform or network launches.
  • prediction markets: Trading venues where users buy and sell contracts tied to the outcome of future events.
  • perpetual futures: Derivative contracts that track an asset or market without a fixed expiration date.