# Avalon Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avalon-labs

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.avalonfinance.xyz/
- Total disclosed funding: $10M
- Latest round: Seed (May 26, 2025)
- Investors on record: 6

## About

Based in Bangalore, India, Avalon Labs operates as a DeFi and CeDeFi lending platform on the BNB Chain, supporting assets such as BTC, BTCB, FBTC, and other BTC LSDFi assets. In December 2024, Avalon Labs raised USD 10 million in Series A funding led by Framework Ventures, with participation from Presto Labs, UTXO Management, and Kenetic Capital. Avalon Labs offers decentralized finance (DeFi) and centralized decentralized finance (CeDeFi) lending solutions. The company’s product includes the USDa lending platform, which facilitates overcollateralized loans using Bitcoin (BTC) and its derivatives as collateral. It supports assets such as FBTC and WBTC and focuses on providing users with low fixed borrowing rates, including Looped Lending with restated assets. As of 2024, the firm serves various clients, such as retail investors and institutional borrowers, across the Ethereum, BNB Chain, and Mantle networks. Avalon Labs generates revenue through transaction fees associated with its lending services. Users deposit FBTC as collateral to borrow USDT, and CeFi lenders provide liquidity to Avalon’s CeDeFi pools. The transaction structure operates as a B2C model, wherein individual users interact directly with the platform to access loans at interest rates, while institutional partners contribute liquidity. As part of its offerings, Avalon maintains a fixed borrowing rate of 8%, improving its lending services.

## Funding rounds

- Seed, May 26, 2025 — YZi Labs, GSR Capital, Mirana Ventures
- Series A, Dec 23, 2024, $10M — Kenetic Capital, Framework Ventures, UTXO Management

## Investors

- Kenetic Capital (https://capitalatlas.ai/funds/kenetic-capital) — Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Series A
- UTXO Management — Series A
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Seed
- GSR Capital (https://capitalatlas.ai/funds/gsr-capital) — Seed
- Mirana Ventures (https://capitalatlas.ai/funds/mirana-ventures) — Seed