Avail Raises $43 Million in Series A, Secures $75 Million Total Funding

Jun 4, 2024, 04:01 PM

Avail, a modular blockchain project that spun out of Polygon, has raised $43 million in a Series A funding round. The round was co-led by Peter Thiel's Founders Fund, Dragonfly, and Cyber Fund, with participation from SevenX Ventures, Figment, Nomad Capital, Foresight Ventures, and others. This funding comes ahead of Avail's mainnet and token launch in the next few weeks. Avail aims to provide a robust infrastructure for modular execution layers, featuring a data availability (DA) layer, permissionless verification hub, and additive crypto-economic security. The project seeks to enhance Web3 by offering a rollup-centric infrastructure and unification technology. Avail has secured $75 million in total funding.