Ava Labs

Brooklyn, United States Founded: 2018 • Age: 8 yrs Unicorn
Blockchain-based public network for financial industry is operated.

About Ava Labs

Ava Labs is a Technology company based in Brooklyn (United States) founded in 2018 by Kevin Sekniqi and Emin Gun Sirer. It operates as a blockchain-based public network for financial industry is operated. It operates on a Blockchain-as-a-Service and Professional Services model in Technology and Financial Services sectors. Ava Labs has raised $368 million across 3 funding rounds from investors including BITMAIN, Galaxy and Tribe Capital. The company has 480 employees. Ava Labs has completed 1 acquisition, including Etrapay. Ava Labs was last valued at $5.25 billion in April 2022. Its chief executive is Emin Gun Sirer. Its website avalabs.org draws about 31 thousand monthly visits. Ava Labs offers products and services including Avalanche, AvaCloud, Core, and Owl Explains. Its focus areas include Blockchain and Smart Contracts Platform. Its legal entity is AVA LABS, INC. Its competitors include Consensys, Luno, Uphold, Coins.ph and BlockFi and 2 more; 6 of its 7 listed competitors have raised funding.

Company details

Ava Labs is engaged in creating innovative blockchain technologies, primarily through the Avalanche platform, known for its speed in smart contracts. The company offers solutions like AvaCloud for custom blockchain development, Core as a native digital wallet, and Owl Explains for educational content on blockchain and Web3. Their work targets various sectors needing fast, low-cost, and eco-friendly digital asset management.

  • Headquarters Brooklyn, United States
  • Employees 480
  • Founders Kevin Sekniqi, Emin Gun Sirer
  • Stage Unicorn
  • Sectors
    Technology
    Financial Services
  • Email
    β€’β€’β€’β€’β€’β€’β€’β€’
  • Website avalabs.org
  • Social LinkedIn X Facebook YouTube
  • Legal Name Ava Labs, Inc.
Key Metrics
  • Total Equity Funding
    $368M (USD)

    in 3 rounds

  • Latest Funding Round
    $350M (USD), Series B

    Apr 2022

  • Investors
    BITMAIN

    & 20 more

  • Employee Count
    480
  • Investments & Acquisitions

Products & Services of Ava Labs

Ava Labs offers a comprehensive portfolio of products and services, including Avalanche, AvaCloud, Core, and Owl Explains.

Avalanche
Blockchain Platform

Fastest smart contracts platform in blockchain industry.

AvaCloud
Blockchain Service

Enables businesses to build custom managed blockchains.

Core
Digital Wallet

Native wallet for secure crypto transactions on Avalanche.

Owl Explains
Educational Resource

Provides trusted information on blockchain and Web3 topics.

Funding Insights of Ava Labs

Ava Labs has successfully raised a total of $368M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $350 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

  • Total Funding $368M
  • Total Rounds 3
  • Last Round Series B β€” $350M
  • First Round $6M

    (Feb 2019)

  • Investors Count 21

All 3 funding rounds of Ava Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.

DateAmountTransaction NameValuationLead InvestorsInvestors
Apr 2022$350MSeries B––
–
May 2020$12MSeries A––
–
Feb 2019$6MSeed–a16z
Valuation history
DateValuationStage
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Last known valuation $5.25B (Apr 2022). 21 investors in total: 21 institutional.

Investors in Ava Labs

Ava Labs has secured backing from 21 investors, including venture fund and institutional investors. Prominent investors backing the company include BITMAIN, Galaxy and Tribe Capital.

All
Venture Fund
Institutional
InvestorDescriptionFounded YearDomainLocation
Venture capital investments in technology sectors are handled by Andreessen Horowitz.
–a16z.com-
Early-stage startups are invested in by sector-agnostic VC firm.
–abstractvc.comSan Francisco, United States
Early-stage crypto projects in culture and consumer tech are funded.
–collabcurrency.comEugene, United States
Venture capital and equity principal services are provided by Dragonfly.
2018dragonfly.xyzOakland, United States
Startups are accelerated and invested in across multiple tech sectors.
2006plugandplaytechcenter.comSunnyvale, United States
Multiple sectors are invested in by this micro VC fund.
–trgc.ioAmsterdam, Netherlands
Venture capital firm investing in tech startups
–purposeventurecapital.comSingapore, Singapore
Professionally managed digital asset investment funds are provided to investors.
–dacm.ioRoad Town, British Virgin Islands
Blockchain projects are invested in by R8 Capital venture firm.
–r8.capitalSingapore, Singapore
-
–ngc-ventures.com-
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People of Ava Labs

53 people are tracked at Ava Labs (32 in leadership, 21 in team); the tracked headcount is 480.

NameRoleGroup
Kevin Sekniqi
Co-FounderLeadership
Emin Gun Sirer
Co-Founder & CEOLeadership
Morgan Krupetsky
VP Of Business Development, Onchain FinanceLeadership
Wilson Wu Lin Han
Head Of AsiaLeadership
Luigi D'Onorio Demeo
Chief Strategy OfficerLeadership
Kaitlin Starcher
Head Of PRLeadership
Charley Cooper
Chief Operating OfficerLeadership
Daniel Sequeira
Head Of Strategic Partnerships & GTMLeadership
Lydia Chiu
VP, BDLeadership
John Nahas
VP, BDLeadership
Joanne Park
Chief Compliance OfficerLeadership
Akash Gupta
Gm, Head Of ProductLeadership
Chris Lavery
CFOLeadership
Devika Mittal
Regional HeadLeadership
Justin Kim
Head Of AsiaLeadership
Dan Liang
Head Of FinanceLeadership
Cheryl Moy
Executive Assistant To Ceo, President, COOLeadership
Christopher Kowalski
Director Of Business OperationsLeadership
KK Mayo
Director of OperationsLeadership
Patrick Sutton
VP, PR & CommsLeadership

33 more people are available in the full profile.

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Investments & Acquisitions by Ava Labs

Ava Labs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Etrapay.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Blockchain-based payment and privacy infrastructure is provided for global use.
etrapay.com–0Feb 2025β€’β€’β€’β€’
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Timeline of Ava Labs

5 dated milestones of Ava Labs across 7 years, from founding to its latest funding, stage changes and deals.

  1. Founded Ava Labs is founded.
  2. Funding First funding round of $6.0M.
  3. Milestone Reaches Unicorn status.
  4. Funding Latest funding round, Series B, of $350.0M.
  5. Acquisition Acquires Etrapay.

Competitors of Ava Labs

Ava Labs has 7 listed competitors in our database, 6 of them funded. They include Consensys, Luno, Uphold, Coins.ph and BlockFi, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
consensys.io2014Fort Worth, United States$725M900
Developer of blockchain and web3 software platform
luno.com2013London, United Kingdom$13M127
Mobile app for storing and trading cryptocurrencies is utilized.
uphold.com2013London, United Kingdom$73.36M14
App-based wallet and exchange platform for cross-border money transfers
coins.ph2014Pasig, Philippines$40M–
Digital wallet for Bitcoin assets
blockfi.com2017Jersey, United States$465.65M–
Crypto trading, loans, interest accounts, and wallets are offered online.
crypto.com2016Singapore––
App-based trading and deposit solutions for cryptocurrency are provided.
bitgo.com2013Palo Alto, United States$170.5M166
Crypto-based custody, trading, and lending services are provided to institutions.
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Web traffic of Ava Labs

The website of Ava Labs (avalabs.org) receives about 31.4K visits a month.

  • Monthly visits
    31.4K

    ▲ 18.7% vs previous month

Similar websites

Websites whose visitors overlap most with Ava Labs. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
avascan.info
100%
57.6K#595,344View details
avax.network
89%
203.7K#213,664View details

Top companies in Blockchain & Decentralized Infrastructure

10 companies that operate in the same segment as Ava Labs (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Terraform Labs is engaged in blockchain technology development.
2018Singapore, SingaporeUSD 57 M––
Ledger is recognized for providing secure cryptocurrency hardware wallets.
2014Paris, Ile de France, FranceUSD 575.4 M–802
Decentralized exchange platform for cryptocurrency trading is operated.
2018New York, New York, United StatesUSD 176 M–217
Developer of blockchain and web3 software platform
2014Fort Worth, Texas, United StatesUSD 725 M–708
Public blockchain network platform
2017Zug, Zug, SwitzerlandUSD 542.29 M––
Scalable blockchain interoperability protocols are developed for enhanced network security.
2017George Town, Cayman IslandsUSD 450.75 M––
Blockchain-based PC and mobile games are developed and published.
2006Kowloon, Hong Kong, ChinaUSD 997.58 MUSD 101.34 M307
Protocols for blockchain-based solutions are provided by Aptos.
2021Palo Alto, California, United StatesUSD 350 M–166
Cloud-based blockchain platform for application development is provided.
2013San Francisco, California, United StatesUSD 563.9 M–366
Blockchain-based fantasy sports marketplace is provided for multiple sports.
2018Saint-mande, Val-de-marne, FranceUSD 738.84 M–151
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Frequently Asked Questions about Ava Labs

Ava Labs was founded in 2018 and raised its 1st funding round 1 year after it was founded.

Ava Labs is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.

Emin Gun Sirer is the current CEO of Ava Labs. They have also founded this company.

Ava Labs is a funded company, having raised a total of $368M across 3 funding rounds to date. The company's 1st funding round was a Seed of $6M, raised on Feb 2019.

Ava Labs has 480 employees.

Ava Labs is engaged in creating innovative blockchain technologies, primarily through the Avalanche platform, known for its speed in smart contracts. The company offers solutions like AvaCloud for custom blockchain development, Core as a native digital wallet, and Owl Explains for educational content on blockchain and Web3. Their work targets various sectors needing fast, low-cost, and eco-friendly digital asset management.

Ava Labs's top competitors include Uphold, Luno and Consensys.

Ava Labs offers Avalanche, AvaCloud, Core, and Owl Explains.

Ava Labs has made 1 acquisition, including Etrapay.

Ava Labs has 21 investors. Key investors include BITMAIN, Galaxy, Tribe Capital, Plug and Play Tech Center, and Polychain.

The valuation of Ava Labs is $5.25B as of Apr 2022.

Ava Labs operates through Ava Labs, Inc..

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