# Colonylab

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/colonylab

- Industry: Software
- Headquarters: Victoria, Seychelles
- Website: www.colonylab.io
- Total disclosed funding: $19M
- Latest round: Seed (Nov 30, 2021)
- Investors on record: 5

## About

Founded in 2021 and based in Seychelles, ColonyLab, trading as Colony, operates as an incubator that supports the development of the avalanche ecosystem. Elie Le Rest is the CEO of the company. In November 2021, Colony Lab raised USD 18.5 million in a Seed funding round led by Ava Labs, Inc. including Bixin Ventures, GBV Capital, HashKey Capital, and Shima Capital.

The colony is a community-driven initiative to power the avalanche platform growth by investing in early-stage projects, providing liquidity to protocols, validating networks, and managing an index. The enterprise offers CLY, a unique hybrid token that is used for both DAO governance and liquid exposure to Colony’s value flow. The CLY represents a new type of asset, one that both empowers and controls, and its ultimate goal is to align the incentives across pillars, creating a codified harmony between holders, the protocol, and the assets contained within it.  

The organization plans to use the November 2021 funding to advance early-stage projects and liquidity for decentralized finance, or DeFi, protocols.

## Funding rounds

- Seed, Nov 30, 2021, $19M — HashKey Capital, Bixin Ventures, Ava Labs, Inc., Shima Capital, GBV Capital

## Investors

- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Seed
- Bixin Ventures (https://capitalatlas.ai/funds/bixin-ventures) — Seed
- Ava Labs, Inc. — Seed
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Seed
- GBV Capital (https://capitalatlas.ai/funds/gbv-capital) — Seed