How much funding has HXRO raised?

HXRO has raised $49.0M in total funding, most recently a Venture Round.

Who are HXRO's investors?

HXRO's investors include SIG Asia Investments, Jump Crypto, Blockchain Capital, Coinbase Ventures.

Where is HXRO headquartered?

HXRO is headquartered in Bermuda.

What industry is HXRO in?

HXRO operates in Crypto & Web3.

HXRO

Liquidity, risk, and margin primitive for on-chain derivatives

Bermuda · Founded 2018 · $49.0M raised

Crypto & Web3

Employees: 11–50
Founded: 2018
Business Model: B2C
Website: hxro.com

Total Funding: $49.0M
Last Round: $34.0M Venture RoundNov 2021
Rounds: 2

About

Hxro Network is a decentralized derivatives trading and betting infrastructure protocol built on the Solana blockchain, providing liquidity, risk management, and margin primitives for risk-based applications. Founded in 2018 by Dan Gunsberg and James Blasko, Hxro consists of two core protocols: Dexterity Protocol, a decentralized Central Limit Order Book (CLOB) for trading perpetual futures, dated expiry futures, vanilla options, and combo markets; and Parimutuel Protocol, a decentralized betting markets infrastructure for Solana applications. Any app can plug into Hxro's shared liquidity pools to offer derivatives trading and betting capabilities to their users. The HXRO token is used for staking, governance, fee discounts, and liquidity mining, with 100% of protocol value returned to stakers and ecosystem participants. Hxro raised $34 million in a strategic funding round in November 2021 co-led by SIG DT, Jump Crypto, and Blockchain Capital. In January 2025, Hxro Network evolved into ODDSFi, rebranding to focus on betting, trading, and prediction markets.

Summary

HXRO is a Crypto & Web3 company based in Bermuda, founded in 2018. It has raised $49.0M in total across 2 rounds, most recently a $34.0M Venture Round round in Nov 2021. Investors include SIG Asia Investments, Jump Crypto and Blockchain Capital.