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Home»News»Ava Labs Is Raising $350 Million at a $5.25 Billion Valuation
Ava Labs Is Raising $350 Million at a $5.25 Billion Valuation
April 14, 2022

Ava Labs Is Raising $350 Million at a $5.25 Billion Valuation

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Avalanche, the main developer of the cryptocurrency Avalanche, is raising a new funding round that is expected to be valued at more than $5 billion, making it one of the most highly valued cryptocurrency startups, according to people familiar with the matter. The company will raise $350 million at a valuation of $5.25 billion, one of the people said.

The person requested anonymity because the funding round is not public.

Ava Labs was founded in 2018 and raised $6 million in 2019, with investors including fund giants Andreessen Horowitz and Polychain. The company has 170 employees, according to PitchBook data.

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