TurboFlow raises $6M seed from Pantera for Asia prediction markets
In brief
- TurboFlow raised $6 million in seed funding led by Pantera Capital, with Susquehanna Crypto and Digital Currency Group as participants.
- Hong Kong platform offers prediction markets and perpetual futures targeting underserved Asia-Pacific users versus Western competitors.
- TurboFlow processed $19 billion in trading volume with 15,000+ beta users, prediction markets as fastest-growing segment.
Bridging Asia's prediction market gap
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 void. Founder Tony He, a former co-founder and partner at Amber Group, structured the round as a simple agreement for future equity (SAFE) with token warrants.
"We see a large unfilled gap between Asian users and proper institutional-grade liquidity, and we're striving to become that bridge," He said in a statement. "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."
Prediction markets driving growth
TurboFlow has been running its beta for more than six months and has attracted over 15,000 registered beta users. The platform has processed more than $19 billion in trading volume to date. What's notable: prediction markets represent the platform's fastest-growing segment, even as perpetual futures remain popular in crypto trading.
TurboFlow describes its approach as "high-velocity event trading," allowing users to participate in markets with entry sizes as small as $2. The platform currently operates with more than 30 employees, with most of the core team based in Hong Kong.
