Avalon Labs raises $10m in series A round
Avalon Labs, the issuer of Bitcoin (BTC)-backed stablecoin USDa, has secured $10 million in a Series A financing round that attracted several venture capital firms. “We are known for many things but today is not about us. The team from Avalon Finance is honored to announce the closing of our 10M Series A Round,” the platform posted on X. Avalon Labs, the Omnichain Liquidity for $BTCFi the Bitcoin Money – $USDa the largest lending market in the $BTC ecosystem We are known for many things but today is not about us. The team from @avalonfinance_ is honored to announce the closing of our 10M Series A Round, led by… pic.twitter.com/22TPMDE6iu — Avalon Labs 🎩🔮 (@avalonfinance_) December 23, 2024 Venture capital firm Framework Ventures led the funding round, which attracted the participation of UXTO Management, Prestoby Framework Ventures and Kenetic Capital. In an announcement, the Avalon Labs team said the project ...