Azuro has raised $3.5 million from backers such as Gnosis, Arrington XRP, Ethereal Ventures, Polymorphic Capital and Flow Ventures.
The startup has managed to overcome initial skepticism from investors who are now backing it to change the world of online betting.
Azuro, a DAO that focuses on decentralized betting, has raised $3.5 million in a funding round led by Gnosis and Flow Ventures. The funding round also the participation of Arrington XRP Capital, DeFi Alliance, Delphi DIgital, Ethereal Ventures and Clever Advertising.
The funding round also the participation of individual investors including Chainlink’s David Post, ex-Huobi’s David Gan, IDEX founder Alex Wearn and Sergei Chan from BlockScience.
In a blog post announcing the funding round, Azuro stated:
Having the backing of this group is excellent validation for our efforts so far and makes us even more confident we are on the right path to bring decentralized betting to the world.
It added, “The support we’ve got is
