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Avalon Finance - Series A
Overview
Funding Date
December 23, 2024
Financing amount
$10M
Valuation
--
Category
Subcategory
About Avalon Finance - Series A
Avalon Labs, the issuer of the BTC-backed stablecoin USDa, has raised $10 million to grow its Bitcoin decentralized finance (DeFi) ecosystem. The Series A funding round was led by Framework Ventures and included contributions from Kenetic Capital, SNZ Holding, UTXO Management, Antalpha Ventures, Summer Ventures, Comma3 Ventures, GeekCartel, Taiko, Spark Digital Capital, Matrixport Ventures, Presto Labs, viaBTC Capital, MARBLEX, Trinito, PAKA.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Canada | 2019 | 96 | [email protected] | ||
| Fund | Hong Kong | 2016 | 67 | [email protected] | ||
| Fund | China | 2019 | 80 | [email protected] | ||
| Fund | United States of America | 2019 | 30 | [email protected] | ||
| Fund | Singapore | -- | 20 | -- | ||
| Fund | Unknown | -- | 9 | -- | ||
| Fund | Unknown | -- | 26 | -- | ||
| Fund | Singapore | -- | 13 | -- | ||
| Corporate | United States of America | 2022 | 3 | -- | ||
| Fund | United States of America | 2017 | 81 | [email protected] |
Company Profile / Project Introduction
Avalon Finance offers diverse services, including lending, algo stablecoins, RWA, and derivatives trading, all within the BTC ecosystem. As an integral part of the BTC ecosystem, Avalon Finance actively integrates liquidity from Trad-Fi and DeFi into the BTC DeFi ecosystem, positioning itself as a leading lending protocol.