Lava Network raised $12M in a Series A led by iAngles and Animoca Brands to enhance its decentralized blockchain infrastructure for AI and dApps.

Jan 14, 2025•7 months ago

Amount Raised

$12 Million

Round Type

series a

Tel AvivInformation TechnologyCryptocurrencyBlockchain

Investors

Sandeep NailwalGate.Io VenturesAnimoca BrandsI Angles

Description

Lava Network, based in Reykjavík, has raised $12 million to improve its platform that manages data access across various blockchain networks. The funding will be used to expand infrastructure and introduce its LAVA token to improve data traffic management.

Company Information

Company

Lava Network

Location

Tel Aviv, Tel Aviv District, Israel

About

Lava is a decentralized network of API providers, where developers make one subscription to access any blockchain. Providers are rewarded for their quality of service, so your users can fetch data and send transactions with maximum speed, data integrity and uptime. Pairings are randomized, meaning your users can make make queries or transact in privacy. We help developers build web3-native apps on any chain, while giving users the best possible experience. Lava already offers access to Cosmos Hub, Osmosis, Juno, Ethereum, Arbitrum, Aptos, Polygon and many more!

Related People

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