Avalanche developer Ava Labs reportedly reached a $5.25 billion valuation with an investment of $350 million.
According to a report by Bloomberg, Ava Labs, the developer of Avalanche, one of the leading smart contract platforms, received an investment of 350 million dollars. According to the news, which is based on sources familiar with the event, Ava Labs reached a valuation of $5.25 billion with this investment.
The fourth largest blockchain after Ethereum, Terra and BNB Chain, Avalanche’s total locked value (TVL) has reached $13 billion.
Although the report did not include details on investors, Avalanche had managed to attract high-profile investors in previous funding rounds. 230 million led by Avalanche Foundation, Polychain and Three Arrows Capital last September; In the previous two rounds, it had received an investment of $ 18 million.
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