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Ava Protocol raises $10 million in Seed+ funding led by Electric Capital, Taisu Ventures, and others to develop intent-centric, event-driven Eigenlayer AVS for Ethereum and other blockchains

Jun 11, 2024•about 1 year ago

Amount Raised

$10 Million

Round Type

seed

Miami

Investors

GsrFoundation CapitalGreylockSandeep NailwalShima CapitalBing X ExchangeBloccelerate VcTaisu VenturesElectric Capital

Description

Ava Protocol has successfully raised $10 million in Seed+ funding to fuel the development of Ava Protocol’s intent-centric, event-driven Eigenlayer AVS set to revolutionize private autonomous transactions for Ethereum (ETH) and other blockchains. The recent round saw notable contributions from leading investors such as Electric Capital, Taisu Ventures, Bloccelerate VC, BingX Exchange, and Shima Capital.

Company Information

Company

Ava Labs

Location

Miami, Florida, United States

About

We make it simple to launch decentralized finance applications on Avalanche.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech