Avail closes $27M seed round led by Founders Fund, Dragonfly

Avail aims to use the funds to solve the fragmentation issues of the Web3 industry.

Avail — a Web3 data availability and consensus layer — has closed a $27 million seed funding round led by Founders Fund and Dragonfly.

The $27 million seed round included other notable venture capital firms, including SevenX, Figment, Nomad Capital and other angel investors, according to a Feb. 26 press release shared with Cointelegraph.

The funds will be deployed to help accelerate the unification of Web3 by bolstering the developments of the firm’s three core products, also known as the “Avail Trinity:” the data availability layer, the nexus unification layer and the fusion security layer.

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