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Venture Capital News: AVALON Secures $13M

2023-02-28
ORLANDO, FL, AVALON has raised $13 million in funding to build a new interoperable universe.
Founded by pioneers and leaders from games including EverQuest, Call of Duty, Diablo, God of War, Assassin's Creed, and Elden Ring among others, AVALON Corp. raised $13 million in funding to build a new interoperable universe. With a comprehensive and extensive background in games, the company is uniquely experienced to solve problems that will face creators and designers in the near future, and is building the tools, framework and more that will allow them to do so.

The funding for AVALON Corp. is led by BITKRAFT Ventures, HASHED, Delphi Digital, and Mechanism Capital, with participation from Coinbase Ventures, Yield Guild Games, Merit Circle, Avocado Guild and Morning Star Ventures. The round also included: Kevin Lin - Cofounder Of Twitch, Charlie Songhurst - previous Head of Corporate Strategy at Microsoft, Dennis Fong - Gaming Legend, and Robin Jung prev. CEO of Pearl Abyss.

AVALON Corp. is developing a platform and tools that will revolutionize how games and virtual experiences are built. The company's approach is steeped in the sorcery of game-making, rather than the finance business of the metaverse.
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