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Big Investors Are Bargain Hunting for Crypto Startups
The cryptocurrency industry has been in a state of flux for the past few years. While the sector has seen exponential growth, there have been periods of decline, such as the bearish market sentiment in recent times. However, despite the challenges, big investors are still keen on the industry and are on the lookout for startups to fund.
The Need for Big Funds and Investors
According to Lydia Chiu, Vice President of Business Development at Ava Labs, big funds and investors are necessary to help startups get the funding they need, especially in the current regulatory environment. This is because regulators are cracking down on the industry, and startups need funds to navigate the complex regulatory landscape.
Ava Labs Blizzard Fund
Ava Labs, the company behind the Avalanche blockchain, launched a $200 million investment fund called the Blizzard Fund in 2021. The fund is dedicated to growing the Avalanche ecosystem and has invested in about 400 deals across 125 portfolio companies in the past year and a half. The fund has deployed just over three-quarters of its capital, and it’s still actively investing.
