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The Venture Codex

Avalanche Foundation

1 IRVING PLACE, #08-11, THE COMMERZE@IRVING, Singapore, Central Region, 369546

Overview

Avalanche Foundation introduced Avalanche Multiverse to expedite Subnets’ expansion.

Total investments
11
Lead investments
4
Investments · 12mo
4
Active investors
1
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Investment portfolio

  • Akave

    Participated · Seed · Mar 2026

    Akave is a decentralized cloud storage solution provider whose flagship offering, Akave Cloud, is built on the Avalanche Layer-1 blockchain. The platform is engineered to handle large-scale, data-intensive artificial intelligence and analytics workloads, giving enterprises a transparent, redundant, and censorship-resistant alternative to traditional cloud services. By leveraging both Avalanche and the broader Filecoin ecosystem, the company seeks to blend blockchain security with scalable storage performance. Newly secured capital will be deployed to expand sales and marketing activities, signaling an emphasis on accelerating customer acquisition and market presence. Although specific revenue, user count, or other operating metrics were not disclosed, the seed round positions the firm for early-stage commercialization. Looking ahead, Akave plans to deepen enterprise integrations and broaden adoption within AI and data-analytics sectors.

  • YOM

    Led · Equity · Feb 2026

    YOM is building a decentralized alternative to traditional cloud gaming, allowing users to play AAA titles instantly in a browser without downloads or consoles. Its architecture relies on edge computing nodes and will operate as a sovereign Layer-1 chain on Avalanche, targeting sub-10 millisecond latency. The company claims this approach can cut infrastructure costs by up to 93% compared with centralized clouds. YOM already supports more than 20 live geographic regions and reports that over 40 game studios have onboarded to the platform. End-users receive friction-free access, while developers gain lower distribution expenses and broader reach. Near-term plans include launching the Avalanche-based Layer-1 network and expanding regional coverage. To finance these goals, YOM has raised more than $4 million in total funding to date.

  • Kite

    Participated · Series A · Sep 2025

    Kite AI is building a payments network tailored for autonomous AI agents, giving each agent a unique encrypted ID, programmable governance controls, spending limits, and instant settlement via stablecoins. By natively integrating Coinbase’s x402 agent-payment standard, the platform lets agents seamlessly send, receive, and reconcile payments through standardized intent mandates. The company is also working on integrations with major platforms such as PayPal and Shopify so that autonomous agents can discover and use those services. Kite AI positions itself as the core execution and settlement layer for the emerging economy of AI agents, which its founders believe will number in the trillions. Its "Agent Passport" feature ensures every autonomous transaction is secure and verifiable. The firm was founded by AI and data-infrastructure veterans from Databricks, Uber, and UC Berkeley. Financially, Kite AI has secured a cumulative $33 million in Series A funding to accelerate product development and integrations.

  • Suzaku

    Participated · Seed · Aug 2025

    Suzaku provides a unified re‑staking framework and marketplace for validator infrastructure that connects stakers, operators, and L1 networks, offering reference network architectures, an L1 development stack, and battle‑tested security modules. The protocol targets emerging Avalanche L1s seeking to decentralize without compromising security, and it co‑authored ACP‑99 and participated in the Avalanche9000 incentivized testnet to help new L1s establish robust validator models. Suzaku refined its technical strategy during Codebase Season 1 with mentoring from Ava Labs and received $50,000 in non‑dilutive funding from the program. The team reports traction including integrations with Dexalot and PLYR and a TVL all‑time high of $9 million. The project aims to use the new funding to accelerate development and expand its impact across the Avalanche ecosystem, leveraging recent protocol changes such as ACP‑77 that lower validation barriers for L1s. Its roadmap emphasizes secure, permissionless decentralization for L1s and broader tooling for builders on Avalanche.

  • NovaNet

    Participated · Equity · Jun 2024

    NovaNet is a zero-knowledge-proof (zk) incentive and coordination network that provides locally verifiable computation and privacy-preserving applications. It supports use cases including AI, decentralized physical infrastructure networks (DePIN), and gaming. NovaNet's zkVM is built on the NIVC (non-uniform incremental verifiable computation) paradigm and lets developers choose circuit size to optimize memory and performance. Users pay only for the portions they actually use. Its verification nodes operate across multiple chains and environments, including Ethereum, Avalanche, Solana, Internet Computer and even Web2 servers. The company completed a $3 million financing led by Finality Capital, with Arrington Capital, the Avalanche Foundation and others participating.

Team