Ava Labs Set to Raise $350M at $5B Valuation: Report

2022-4-15 12:24

Ava Labs, builder of the Avalanche blockchain, is set to raise $350 million at a $5.25 billion valuation, according to a Bloomberg report Thursday.

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AVAX price movement: what will the $5.25B valuation mean for the token?

Avalanche AVAX/USD is a blockchain platform that is capable of smart contracts and aims to provide a scalable solution whilst also maintaining a high level of decentralization and security. Ava Labs is the company that developed Avalanche and has historically received funding from Andreessen Horowitz, Initialized Capital, and Polychain Capital.

2022-4-14 17:13