Blizzard Fund
1177 Avenue Of The Americas, Suite 50922, New York, NY, 10036, United States
Overview
Blizzard Fund is a venture capital fund managed by AVA Labs and targets cryptocurrency industries.
- Total investments
- 15
- Lead investments
- 3
- Investments · 12mo
- 1
- Active investors
- 0
Investment portfolio
- 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.
- Halliday
Participated · Series A · Mar 2025
Halliday is building the Agentic Workflow Protocol (AWP), an AI-driven, no-code platform that aims to let developers build DeFi applications without writing smart contracts. The protocol's no-code blockchain automation is intended to shift development from smart contracts to AI-driven workflows, making blockchain development more accessible, scalable, and efficient. Halliday said it will use the Series A funding to accelerate development of AWP and advance its mission to "pioneer the software era of blockchain, enabling developers to build applications in hours, not years." The company positions AWP as a way for developers to "never write a smart contract again." Financially, Halliday raised a $20 million Series A led by Andreessen Horowitz's crypto arm following a $6 million seed round in 2022. The Series A included contributions from Avalanche Blizzard Fund, Credibly Neutral, and Alt Layer. Halliday builds a buy-now, pay-now-later-style financing product enabling gamers to pay for blockchain in-game assets over time. Founded last November by Akshay Malhotra (CEO) and Griffin Dunaif (CTO), the six-person team has developed smart contracts that wrap NFTs so users can use underlying objects while Halliday retains custody until payments are complete. The product is interest-free for users and does not charge penalty fees on default; instead Halliday repossesses control of the wrapped digital asset. The company plans to charge an initial fee to customers to cover costs but hopes to eliminate that fee over time. Average payment terms are expected to be around one to three months at launch. Halliday is launching a beta with League of Kingdoms in a few weeks and expects a full public launch shortly after while it continues to work on modeling risk tied to paying game developers upfront for assets.
- Balcony
Led · Seed · May 2024
Balcony builds a structured, connected data layer that integrates with county land-record systems to modernize and secure U.S. property records. Its Keystone infrastructure and mTrace platform provide a 360-degree parcel view and intelligence-driven threat detection for government agencies, title insurers, mortgage lenders, and financial institutions. The company says its platform currently helps government agencies manage and secure over $400 billion in property value and has a five-year engagement to bring 370,000 Bergen County parcels (roughly $240 billion in value) onto its platform. Balcony plans to use the recent financing to scale engineering and go-to-market teams and expand deployments across county and state governments nationwide. The company is headquartered in the Greater New York area.
- Masa
Participated · Seed · Jan 2024
Masa Network is building a decentralized, privacy-first marketplace for personal data that leverages zero-knowledge and fully-homomorphic encryption to preserve user privacy. The platform lets users contribute data and earn rewards in Masa's native token while granting developers permissioned access to train AI models and build applications. Masa describes itself as a “Decentralized Google” for personal data and emphasizes data sovereignty and fair compensation for creators. The project plans a Q1 mainnet launch on a dedicated Avalanche Subnet through a strategic partnership with Avalanche. Since launching in August 2022, Masa reports over 1 million connected wallets, more than 15 million permissioned data points, and over 23,000 testnet node operators, with early adoption from projects like Avalanche, QuickSwap, Injective, and Celo. Financially, Masa announced a $5.4M Seed round that brings total funding to $9.2M. The company was incubated by Coinlist’s Seed Program and Binance’s Most‑Valuable‑Builder Accelerator. Masa Finance is a hybrid credit protocol and decentralized credit bureau that aggregates off-chain and on-chain data to create non-fungible on-chain credit reports. The platform links traditional financial accounts and credit bureau data with crypto holdings and on-chain signals, integrating over 10,000 off-chain sources across 78 countries and 26 on-chain integrations (exchanges and wallets such as Binance, Coinbase, FTX, Gemini and MetaMask). Built on Celo and Ethereum, Masa aims to give users ownership and sovereignty over their credit history and eventually migrate governance to a DAO structure. The company is launching out of beta with about 36,000 people signed up, most users in sub‑Saharan Africa (notably Nigeria and Kenya), more than 2,100 node operators on its live testnet, roughly 300 developer registrations and seven projects registered to integrate. Masa is preparing credit products including a credit builder loan, uncollateralized loans and an SME line of credit through its app, and hopes to partner with lending protocols such as Goldfinch. Financially, Masa raised $3.5M in pre‑seed funding, reports double‑digit growth each month since the start of the year, and plans a seed round to fund hires, the protocol's production release, a public token sale, and scale-up of node operators and developer and lender onboarding.
- Canza Finance
Participated · Equity · Jan 2024
Canza Finance, founded in 2020 by Pascal Ntsama and Oyedeji Oluwole (CTO), is a Nigerian DeFi-focused neobank that builds on-chain FX and crypto products for cross-border settlement. Its core offerings include Baki, a synthetic on-chain FX exchange, the DeFi protocol jollof.fi, and CXDS for creating credit default swaps; it plans jaraOTC (an OTC FX trading platform) and a Canza Crypto Teller Machine for on/offramps. The company charges 1% per transaction today while Baki aims to lower fees to 0.2%. Canza processes roughly $2,000,000 in transactions weekly and serves markets in Senegal, Nigeria, Cameroon, and the United States. Future plans emphasize accelerating infrastructure development across Africa and obtaining operational licences in multiple jurisdictions to become an authorised registered entity. The startup works with on- and off-ramp partners and targets reducing forex frictions for African companies and local FX agents. Canza Finance provides crypto-based cross-border settlement and treasury management services aimed at connecting Nigerian businesses to the global economy. Its most advanced product is cross-border settlement, which the company says processes roughly $1 million in weekly volume to Canada, China, Turkey, the United Arab Emirates and the United States. The treasury management service is scheduled to launch later in the year and is planned to offer DeFi staking pools to help B2B customers earn interest and mitigate currency-devaluation risk. Canza was founded by former AT&T employees Pascal Ntsama and Oyedeji Oluwole and positions itself as a crypto neobank for African businesses. The company has drawn interest from oil companies and asset managers seeking crypto services for their clients. Canza plans to invest in hiring, compliance and working capital as it scales and pursues regulatory licenses.
Team
No current team members are available.