LogX Raises $4m In a Strategic Funding Round to Expand Into Leveraged Prediction Markets

The on-chain consumer Super App LogX announced on Monday, September 16th, that it had raised $4 million during its latest strategic funding round, taking the overall amount to $10.1 million. 

LogX added that it also surpassed the $20 billion volume in just ten months after launch. The team revealed that the funding round saw participation from a selection of prominent investors, including Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Labs, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital. Notable angel investors also took part, including Charles and Verity from Espresso Systems and Ryan Lee, Orderly Network CEO.

This latest development comes after LogX raised $6.1 million in a seed round led by Coinbase Ventures, Sequoia Capital, IOSG, GFC Global Founders, MSA, and Better Capital.

While commenting on this funding round, Akshit Bordia, Founder of LogX, said,

“These latest milestones are a testament to the unwavering trust from our financial backers, partners, and, most importantly, our loyal users. With the capital we’ve raised, our mission is to scale our product line and introduce leveraged prediction markets across 50+ blockchains.”

This decentralized trading platform has recorded significant growth since its launch in July 2023, with over $20 billion in trading volume achieved with over a million users. LogX intends to use the new funds to expand its consumer offerings, focusing on Leveraged Prediction Markets. Furthermore, LogX will launch on the TON blockchain later this year, bringing prediction market trading to over 100 million users.

LogX Network is the world’s first on-chain consumer Super App, offering a seamless trading experience of perpetual markets, Leveraged prediction markets, and more. LogX Network is powered by Arbitrum, Hyperlane, and AltLayer.