# Avon Ventures

> Avon Ventures is a VC fund in Boston backing Cryptocurrency, Blockchain and FinTech. See 38 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Location: Boston, United States
- Total investments: 38
- Last investment: Jun 2024
- Lead investor: 3%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/avon-ventures/

Avon Ventures is an investment firm

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $3.5M–$14M |
| Series A | $9.2M–$35M |
| Series B | $15M–$50M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Cryptocurrency | 15 | 39% |
| Blockchain | 13 | 34% |
| FinTech | 11 | 29% |
| Financial Services | 11 | 29% |
| Bitcoin | 6 | 16% |

32 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 14 | 37% |
| Seed | 9 | 24% |
| Series B | 5 | 13% |
| Series C | 4 | 11% |
| Venture - Series Unknown | 2 | 5% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 15 | 39% |
| United Kingdom | 2 | 5% |
| Portugal | 1 | 3% |
| Switzerland | 1 | 3% |
| South Africa | 1 | 3% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Asymmetry Finance | Asymmetry Finance offers DeFi native staked Ethereum Indices that earns market leading yield. |  | Seed | Jun 11, 2024 |  |
| Puffer | Puffer Finance operates as a blockchain infrastructure company. | $18M | Series A | Apr 16, 2024 |  |
| Ethena | Ethena provides a synthetic dollar protocol on the Ethereum blockchain that supports a crypto-native form of digital money. The protocol issues USDe, a synthetic dollar backed by crypto assets and short futures positions, using delta hedging to maintain stability relative to the US dollar. Ethena also introduces sUSDe, a yield-bearing version ofUSDe that allows holders to stake their assets and earn returns from protocol operations. In addition, the platform includes a governance token, ENA, which enables participation in decisions on risk management, integrations, and updates. Ethena integrates with both decentralized and centralized finance platforms, offering transparency and tools that support ecosystem composability. | $14M | Seed | Feb 16, 2024 |  |
| Grove | Pocket Network is decentralized infrastructure for developers who want to build peer-to-peer applications. Pocket Network was founded to make the exponential growth of cryptocurrencies coming into existence easier to use and more accessible for people worldwide. | $7.9M | Venture - Series Unknown | Nov 30, 2023 |  |
| Alluvial Finance | Alluvial Finance is a software development company that provides robust solutions. | $12M | Series A | Jul 11, 2023 |  |
| CLST | CLST is establishing a global network of institutional borrowers and lenders to become the de facto gateway for the short-term digital assets debt market. We call it the New Money market. At CLST, we are committed to bridging the gap between TradFi and Crypto Native institutions, enabling and even catalyzing institutional adoption of digitalassets. |  | Seed | Oct 05, 2022 |  |
| hoseki | hoseki is building towards a world where Bitcoin is the global standard for money, and proving reserves is secure and easy. |  | Seed | May 16, 2022 |  |
| hoseki | hoseki is building towards a world where Bitcoin is the global standard for money, and proving reserves is secure and easy. |  | Seed | May 16, 2022 |  |
| Solidus Labs | Solidus Labs is an information technology company that provides a machine learning-powered trade surveillance and transaction monitoring infrastructure tailored for digital assets. It features a SaaS web-based dashboard, that enables its clients to detect, investigate, and address suspicious activity in blockchain-based asset trading.The companywas founded in 2017 and headquartered in New York, United States. | $45M | Series B | May 12, 2022 |  |
| Flipside Crypto | Flipside Crypto provides unparalleled analytics and business intelligence to crypto organizations.Their suite of analytics tools provides insights into user behaviors, developer activities, and financial activities, as well as FCAS, a relative value for measuring the fundamental health of cryptocurrency projects. It provides analytics tocryptocurrency organizations and distributes FCAS via partners such as CoinMarketCap, Messari, MarketWatch, and TheStreet. Flipside Crypto is backed by CoinBase Ventures, True Ventures, Founder Collective, Digital Currency Group, and other investors.Dave Balter, Eric Stone, and Jim Myers established it in Boston, Massachusetts in 2017. | $50M | Series A | Apr 19, 2022 |  |

10 of 38 investments shown.

## Co-investors
- [CMT Digital](https://shizune.co/investors/profile/cmt-digital-ventures-llc) — VC Fund, 12 deals together
- [Castle Island Ventures](https://shizune.co/investors/profile/castle-island-ventures) — VC Fund, 11 deals together
- [Coinbase Ventures](https://shizune.co/investors/profile/coinbase-ventures) — VC Fund, 9 deals together
- [Lightspeed Venture Partners](https://shizune.co/investors/profile/lightspeed-venture-partners) — VC Fund, 8 deals together
- [Highland Capital Partners](https://shizune.co/investors/profile/highland-capital-partners) — VC Fund, 6 deals together
- [Flybridge](https://shizune.co/investors/profile/flybridge-capital) — VC Fund, 5 deals together

## Similar investors

### Similar industry
- [Coinbase Ventures](https://shizune.co/investors/profile/coinbase-ventures) — VC Fund
- [Polychain](https://shizune.co/investors/profile/polychain-capital) — VC Fund
- [Digital Currency Group](https://shizune.co/investors/profile/digital-currency-group) — VC Fund

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
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### Similar country
- [Portugal Ventures](https://shizune.co/investors/profile/portugal-ventures) — VC Fund
- [Caixa Capital](https://shizune.co/investors/profile/caixa-capital-2) — VC Fund
- [Armilar Venture Partners](https://shizune.co/investors/profile/espirito-santo-ventures) — VC Fund

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## FAQ

### What does Avon Ventures invest in?

Avon Ventures invests primarily in Cryptocurrency, Blockchain and FinTech startups, most often at Series A and Seed stage. Most of the 38 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Avon Ventures's check size?

Avon Ventures typically joins rounds of $3.5M–$14M at Seed, $9.2M–$35M at Series A and $15M–$50M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Avon Ventures participates in.

### When did Avon Ventures last invest?

The most recent investment recorded for Avon Ventures closed in Jun 2024. Shizune tracks 38 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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