Private Equity PE Fund Investments
Blockchain startup Avail raises $27-M led by Founders Fund, Dragonfly
Source Avail (opens in a new tab) Economic Times (opens in a new tab)Press Release (opens in a new tab)
Bangalore-based blockchain technology start-up Avail had raised USD 27 million in its early-stage funding round led by US-based Founders Fund and crypto investment firm Dragonfly Capital. Venture Capital firms SevenX, Figment, Nomad Capital and others also participated in the round.Avail began in 2020 under crypto firm Polygon Labs, before being spun off last year. The company's technology allows customers to build their own blockchains quickly. The company is led by former Polygon executives Anurag Arjun and Prabal Banerjee.