TurboFlow, an onchain trading platform offering prediction markets and perpetual futures, has raised $6 million in a seed funding round.
Pantera Capital led the round, with Susquehanna Crypto and Digital Currency Group participating, TurboFlow said Monday. Those are the only three investors in the round, which closed in March after fundraising began earlier this year, founder Tony He, former co-founder and partner at Amber Group, told The Block. The round was structured as a simple agreement for future equity (SAFE) with token warrants, He said, declining to disclose valuation.
TurboFlow's fundraise comes as both prediction markets and perpetual futures continue to grow and attract investor interest. Based in Hong Kong, the platform aims to become the "Kalshi of APAC [Asia-Pacific]." He said prediction markets have gained significant traction through platforms such as Kalshi and Polymarket in Western markets, but remain largely underdeveloped across Asia. TurboFlow aims to fill that gap through localization and a stronger regional presence.
"We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we’re striving to become that bridge," He said. "People here are interested in different topics and assets to trade. It’s about staying close to users and being able to deliver the products they want, fast."
