TurboFlow raises $6M seed from Pantera to target APAC

TurboFlow, a Hong Kong-based onchain trading platform for prediction markets and perpetual futures, raised $6 million in a seed funding round that closed in March. Pantera Capital led the round, with participation from Susquehanna Crypto and Digital Currency Group. The financing was structured as a simple agreement for future equity (SAFE) with token warrants; the company did not disclose a valuation.

Tony He, founder and former co-founder and partner at Amber Group, said TurboFlow plans to focus on local markets across Asia-Pacific and to tailor products and assets for regional users. He described the firm's positioning as aiming to become the “Kalshi of APAC,” targeting prediction markets that the company views as less developed in Asia than in Western markets.

TurboFlow plans to build institutional-grade liquidity and user acquisition in Asia. The company pointed to relationships with market makers, including Susquehanna Crypto, and to He’s market-making background as part of its approach to attract liquidity and competitive pricing.

The platform has run a public beta for more than six months. TurboFlow reported over 15,000 registered beta users and more than $19 billion in cumulative trading volume. Its product suite includes perpetual futures and event-based prediction contracts, marketed as “high-velocity event trading,” with entry sizes starting at $2 and fast settlement for short-duration contracts.

On regulation, He noted that frameworks for prediction markets vary across APAC and remain in development. TurboFlow said it is building a compliant setup and is working with legal and regulatory advisers to evaluate market-by-market paths for operation.

The company has more than 30 employees, with most of the core team based in Hong Kong, and plans to remain relatively lean as it expands. The seed funding arrives as prediction markets and perpetual futures continue to attract investor interest globally.