Avalanche Secures $12 Million in Private Funding Round on June 25, 2020
AVAX
AVAX
-3%
According to media reports, Avalanche secured $12 million in a private funding round on June 25, 2020. Investors in this round included Dragonfly, Galaxy Digital, NGC Ventures, IOSG Ventures, Bitmain, and Initialized Capital, among others. Following this round, Avalanche's total cumulative funding reached $540 million.Avalanche is a platform developed by Ava Labs for creating custom blockchain networks and decentralized applications (dApps). The platform features exceptional scalability, with the capacity to process up to 4,500 transactions per second (TPS). Its innovative consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to efficiently launch robust, customized blockchain solutions.Since its inception, Avalanche has experienced rapid growth. After completing its private funding round in June 2020, the project successfully raised $42 million in a public sale in July of the same year. In September 2020, Avalanche officially launched its mainnet and opened trading for the AVAX token. The year 2021 marked a significant period for Avalanche, during which the project completed $230 million in over-the-counter funding and saw its native token AVAX listed on several major exchanges. Additionally, the Avalanche Foundation launched $200 million and $290 million incentive programs in November 2021 and March 2022, respectively, further accelerating the development of its ecosystem.
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AVAX Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| Private Sale | $12 M | -- | 2020-06-24 | Dragonfly,Galaxy Digital,NGC Ventures,IOSG Ventures,Bitmain,Initialized Capital |
Key Milestones
- 2022-03The Avalanche Foundation has launched a $290 million incentive program.
- 2022-02-08Upbit listed AVAX
- 2021-11-01The Avalanche Foundation has launched a $200 million fund.
- 2021-09-30Coinbase listed AVAX
- 2021-09-16Avalanche raised $ 230 M in OTC round
- 2020-09-22Avalanche is live on mainnet
- 2020-09AVAX is live for trading
- 2020-07-15Avalanche raised $ 42 M in Public Sale round
- 2020-06-25Avalanche raised $ 12 M in Private round
- 2019-02-01Avalanche raised $ 6 M in funding round
24-Hour High
$20.14
24-Hour Volume
$1.54M
All-Time High
$144.96
All-Time Low
$2.80
Market Cap / FDV
59.25%
FDV
$14.35B
24-Hour Low
$19.31
Market Cap
$9.17B
Circulating Supply
426.59M AVAX
Total Supply
459.92M AVAX
Max Supply
720.00M AVAX
Market Sentiment
Positive
| 1H | 24H | 7D | 30D | 1Y |
|---|---|---|---|---|
0.3% | 3.31% | 2.4% | 27.82% | 19.97% |
