Avail raised $43M in a Series A funding round

June 4, 2024

Ethereum data network Avail raised $43M in a Series A funding round led by Founders fund, Dragonfly Capital, Cyber Fund, with participation from SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1 plc, Alliance DAO (ex DeFi Alliance), Hashkey Capital, LocalGlobe, Superscrypt, RW3 Ventures, Elixir Capital, Altos Ventures, Spark Digital Capital, LongHash Ventures.

Avail is an Ethereum Data Network focused on data availability, featuring a modular technology stack to accelerate Web3 unification. With layers including Data Availability (DA), Nexus, and Fusion, Avail aims to dissolve market fragmentation, providing a unified, secure, and scalable platform that connects various blockchain ecosystems, offering a cohesive experience for users and developers. The platform utilizes validity proofs, zero-knowledge proof-based coordination rollups, and Fusion Security to enhance cryptoeconomic security, bridging the gap between different tokens and creating a more integrated and efficient blockchain ecosystem.

You can find all funding rounds, links, and details on the project page Avail