Blockchain Extension Service Provider Avail Raises $43 Million in Series A Funding

According to Odaily, Avail, a provider of blockchain extension services, has announced the completion of a $43 million Series A funding round. The round was led by Founders Fund, Dragonfly, and Cyber Fund, bringing the company's total funding to date to $75 million. Avail's clients are Layer-2 blockchains, such as Base, Polygon, Arbitrum, or Optimism. The company assists these L2 blockchains by helping them assemble transactions in bulk and write them into the main chain or Layer-1 chain. This funding will likely aid Avail in expanding its services and reaching a wider client base in the blockchain industry.