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§ Venture Capital · Singapore, Central Region, Singapore
Venture capital fund and incubator investing in early-stage Web3, DeFi, and blockchain gaming projects on Avalanche, focused on Asia.
Avatar is a crypto and blockchain investment firm dedicated to incubating, investing in, and managing portfolios within the digital asset class. The firm focuses on identifying high-potential opportunities across innovative Web3 projects. Its approach combines cryptography, behavioral economics, computer science, and marketing strategies to navigate the complex landscape of online communities and cultural movements, aiming to embed crypto economics into various aspects of digital interaction.
The Avalanche Asia Star Fund, known as Avatar, was formally established by Avalanche in Singapore on May 13, 2021. The creation of Avatar stemmed from Avalanche's strategic insight to accelerate the growth and adoption of its blockchain ecosystem by actively supporting promising early-stage projects. This initiative leverages the expertise of Avalanche's creators, including computer science professors and researchers, who envisioned a highly scalable and fast smart contracts platform.
Avatar primarily serves developers and early-stage project teams that are building within or contributing to the broader Avalanche ecosystem. The firm’s overarching vision is to play a pivotal role in expanding the reach of blockchain technology, ensuring its principles of decentralized transaction, computation, storage, and social interaction become fundamental across the digital sphere, thereby strengthening the Avalanche network's position.
Avatar by Avalanche has 1 tracked investment across 1 company. The latest tracked deal is $2.5M Seed in Aura Network in April 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 18, 2022 | Aura Network | $2.5M Seed | — | Ahamove, Coin98 Ventures, DEO Network, Ecomobi, GBV Capital, Guildfi, Impossible Finance, KuCoin Ventures, Kyber Ventures, Mexc, OIG, Pencil Group, Redline DAO, TPX Ventures, Vanda Capital |