{"id":60086,"date":"2022-04-14T10:05:46","date_gmt":"2022-04-14T07:05:46","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60086"},"modified":"2025-09-05T01:26:58","modified_gmt":"2025-09-04T22:26:58","slug":"bloomberg-ava-labs-the-developer-of-avalanche-raises-350-million-at-a-5-25-billion-valuation","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bloomberg-ava-labs-the-developer-of-avalanche-raises-350-million-at-a-5-25-billion-valuation\/","title":{"rendered":"Bloomberg: Ava Labs, the developer of Avalanche, raises $350 million at a $5.25 billion valuation"},"content":{"rendered":"<p>The Avalanche development startup Ava Labs has kicked off a funding round worth $350 million, valuing the company at $5.25 billion, according to people familiar with the matter cited by <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-14\/crypto-startup-ava-labs-is-said-to-raise-at-5-billion-valuation\\\">Bloomberg<\/a>.<\/p>\n<p>According to <a href=\\\"https:\/\/dappradar.com\/rankings\/protocol\/avalanche\/1\\\">DappRadar<\/a>, Avalanche has 244 <span data-descr=\\\"decentralized applications\\\" class=\\\"old_tooltip\\\">dapps<\/span> launched, predominantly in gaming and DeFi. By total value locked ($10.7 billion), the network ranks fourth, according to <a href=\\\"https:\/\/defillama.com\/chains\\\">DeFi Llama<\/a>.<\/p>\n<p>Avalanche (AVAX) sits in 10th place in CoinGecko&#8217;s ranking of cryptocurrencies by market capitalization, at $21.75 billion. Over the last 30 days, the asset&#8217;s price has risen by 18%.<\/p>\n<p>In September 2021, the Avalanche Foundation <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-foundation-attracted-230-million-in-a-private-token-sale\">raised $230 million<\/a> in a private token sale. The funding was led by Polychain Capital and Three Arrows Capital.<\/p>\n<p>In 2020, Ava Labs raised $12 million in a private token sale and $42 million in a public sale. The Avalanche mainnet launch <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-mainnet-goes-live\">took place<\/a> on September 21, 2020.<\/p>\n<p>In March 2022, the Avalanche Foundation launched <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-foundation-launches-290-million-developer-incentive-program\">a program to reward developers with $290 million<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-foundation-launches-100-million-fund-for-entertainment-projects\">a $100 million fund for entertainment projects<\/a>.<\/p>\n<p>In April, the Terra Luna Foundation Guard and Terraform Labs <a href=\\\"https:\/\/forklog.io\/luna-foundation-guard-i-terraform-labs-investiruyut-200-mln-v-avax\/\\\">announced<\/a> total investments of $200 million in AVAX to bolster the resilience of the algorithmic stablecoin UST. <\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 all the news, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Avalanche development startup Ava Labs has kicked off a funding round worth $350 million, valuing the company at $5.25 billion, according to people familiar with the matter cited by Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1413,1133],"class_list":["post-60086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-avalanche-avax","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60086","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60086"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60086\/revisions"}],"predecessor-version":[{"id":60087,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60086\/revisions\/60087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}