About Avail
Avail is a company based in India founded in 2023 by Prabal Banerjee and Anurag Arjun. It operates as a Blockchain-as-a-Service. Avail has raised $70 million across 2 funding rounds from investors including Figment, HashKey Exchange and HTX. Avail has completed 1 acquisition, including Arcana Network. Avail offers products and services including Avail DA, Avail Nexus, Avail Fusion, and Avail LC. Avail operates in a competitive market with competitors including Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others.
- Headquarter India
- Founders Prabal Banerjee, Anurag Arjun
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Avail Project
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$70 M (USD)
in 2 rounds
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Latest Funding Round
$43 M (USD), Series A
Jun 04, 2024
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Investors
Figment
& 20 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Avail
Avail offers a comprehensive portfolio of products and services, including Avail DA, Avail Nexus, Avail Fusion, and Avail LC. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Scalable data availability layer for blockchain networks.
Enables seamless cross-rollup and sovereign chain communication.
Provides shared security through multi-token staking mechanisms.
Lightweight node for end-user blockchain transaction verification.
Funding Insights of Avail
Avail has successfully raised a total of $70M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $43 million completed in June 2024. 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 Total Funding
- Total Rounds 2
- Last Round Series A — $43.0M
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First Round
First Round
(26 Feb 2024)
- Investors Count 21
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series A - Avail | Valuation | Founders Fund , DRAGONFLY | |
| Feb, 2024 | Amount | Seed - Avail | Valuation | Founders Fund , Dragonfly Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avail
Avail has secured backing from 21 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Figment, HashKey Exchange and HTX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology and defense sectors.
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Founded Year | Domain | Location | |
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Dragonfly Ventures is focused on impact investments for societal and environmental well-being.
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Founded Year | Domain | Location | |
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Blockchain investments are managed by SevenX in Shanghai.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avail
Avail has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Arcana Network. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Chain abstraction protocols are provided for seamless multichain experiences.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Avail
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avail Comparisons
Competitors of Avail
Avail operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Solana, Ankr, Mysten Labs, O(1) Labs and Chain, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| domain | founded_year | HQ Location |
A blockchain-based public network is operated for decentralized application development.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avail
Frequently Asked Questions about Avail
When was Avail founded?
Avail was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is Avail located?
Avail is headquartered in India.
Is Avail a funded company?
Avail is a funded company, having raised a total of $70M across 2 funding rounds to date. The company's 1st funding round was a Seed of $27M, raised on Feb 26, 2024.
What does Avail do?
Avail is established as a horizontally scalable, trust-minimized infrastructure network for blockchain ecosystems. It is focused on unifying fragmented blockchain systems by offering unlimited blockspace, native interoperability, and modular security. Solutions provided include data availability layers, interoperability frameworks, shared security mechanisms, and light client implementations. The company supports developers in building scalable, connected applications across sectors like DeFi, GameFi, and SocialFi, leveraging technologies such as KZG polynomial commitments and Data Availability Sampling for efficient transaction verification and cross-chain interactions.
Who are the top competitors of Avail?
Avail's top competitors include Mysten Labs, Solana and O(1) Labs.
What products or services does Avail offer?
Avail offers Avail DA, Avail Nexus, Avail Fusion, and Avail LC.
How many acquisitions has Avail made?
Avail has made 1 acquisition, including Arcana Network.
Who are Avail's investors?
Avail has 21 investors. Key investors include Figment, HashKey Exchange, HTX, DRAGONFLY, and Founders Fund.
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