Avalanche ecosystem accelerator raises $18.5M in seed funding

Avalanche ecosystem accelerator Colony has raised $18.5 million in seed investments. The investment round was led by the Avalanche Foundation with additional participation from Shima Capital, HashKey, GBV Capital and Bixin Ventures.

Colony will use the funds to finance early-stage projects building on the Avalanche network and to provide liquidity for decentralized finance, or DeFi, protocols.