On June 4th this year, the modular blockchain base layer Avail raised $43 million in an oversubscribed Series A funding round. This round was led by Founders Fund, Dragonfly, and Cyber Fund. And in February, Founders Fund and Dragonfly had just led Avail’s seed round, raising $27 million. Including the pre-seed round, Avail has secured a total of $75 million in funding. Other investors include SevenX, Figment, Nomad Capital, LocalGlobe, Altos Ventures, Chapter One, Superscrypt, Foresight Ventures, Mirana Ventures, KR1, RW3 Ventures, Alliance DAO, Hashkey, Elixir Capital, Spark Digital Capital, and several angel investors. What is it about Avail that has caught the eye of investors and driven them to compete for the invest? Continue reading “Analysis of Avail”
Month: June 2024
Analysis of Monad
On April 9th of this year, the Layer1 blockchain Monad Labs announced the completion of a $225 million financing round. This round was led by Paradigm, with participation from other well-known investment institutions, including Electric Capital, SevenX Ventures, IOSG Ventures, and Greenoaks, etc. Along with the $19 million seed round announced in February 2023, the project has raised a total of $244 million, with a valuation of $3 billion.