LogX, an on-chain consumer Super App, has declared the conclusion of its most recent strategic investment round, in which it received $4 million of the total $10.1 million. In only 10 months after its introduction, this decentralized trading platform has surpassed $20 billion in trading volume, marking its biggest achievement to date.
Prominent investors such as Hashed Emergent, Cumberland VC, Saison Capital, Gate Labs, DWF Ventures, Antler, Coinswitch Ventures, Wagmi Ventures, and Kairos Capital participated in the investment round. Prominent angel investors Ryan Lee of Orderly Network and Charles and Verity of Espresso Systems also participated.
After a $6.1 million seed round that included investors including Coinbase Ventures, Sequoia money, IOSG, GFC Global Founders, MSA, and Better Capital, LogX has secured a total of $10.1 million in capital raised.
Akshit Bordia, Founder of LogX stated:
“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.”
Since its July 2023 launch, LogX has had tremendous growth, with over a million users using the platform and over $20 billion in trading volume attained.
Leveraged Prediction Markets will be the main focus of LogX’s aspirations to grow its consumer products with the help of its new funding. In addition, later this year, LogX will launch on the TON blockchain, enabling over 100 million people to trade prediction markets.
