Ava Labs set to raise $350M at $5B valuation

The new valuation at $5.25 billion would place Ava Labs in the upper ranks of most valuable crypto startups in the world.

Article Image
Photo by Bide Cui / Unsplash

The builder of the Avalanche blockchain, Ava Labs is set to raise a new funding round that would place the valuation at $5.25 billion, according to a Bloomberg report on Thursday.

The New York-headquartered startup is raising $350 million, according to the the report which cites people familiar with the discussions.

At this valuation Ava Labs enters the upper ranks of most valuable crypto startups in the world. Polygon, the Ethereum scaler is still way ahead with a valuation of $20 billion as of its recent funding round. Circle, the stablecoin backer of USDC is valued at $9 billion as of February.


Opinions expressed at Vestorportal.com are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. Vestorportal.com does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is Vestorportal.com an investment advisor. Please note that Vestorportal.com participates in affiliate marketing.

Support us:

BTC-(BTC): bc1qrja84qhn7299lmad79ch7flnca0lyq0alp6pdv

ETH-(ERC20): 0xEC06cbAfF0261e6Da0122Ae579a641B3e2303523