Avail , a modular blockchain project spun out of Polygon last year, raised $43 million in a Series A funding round ahead of its mainnet launch.
Peter Thiel's Founders Fund, Dragonfly and Cyber Fund co-led the round, with participation from SevenX Ventures , Figment Capital , Nomad Capital , Chapter One , Foresight Ventures , Mirana Ventures , KR1 , Alliance and Hashkey Capital . co-founder Anurag Arjun told The Block that Avail's Series A comes just three months after it raised a $27 million seed round, bringing the project's total funding to $75 million, including including a $5 million pre-seed round, co-founder Anurag Arjun told The Block.Arjun said the Series A round was structured using a combination of SAFE (simple agreement for equity future) and SAFT (simple agreement for future tokens) and officially closed last week, but declined to comment on the valuation. A source told The Block at the time. , Avail's fully diluted valuation was several hundred million dollars when it raised capital in February.Avail DA, Avail's data availability layer aimed at helping aggregators like Arbitrum , Optimism and Starknet open further scaling and reduced transaction costs, currently in an incentivized testnet phase. The Avail DA mainnet is expected to launch in the coming weeks, along with the AVAIL token, Arjun said. know.
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