# Avalanche Raised $60 Mln Since Its Launch By Coinness Canonical URL: https://www.tokenpost.com/news/investing/6414 Published: 2021-02-04T10:57:03.000Z Updated: 2021-02-04T10:57:03.000Z Section: Investing > Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three se… Avalanche is an open-source platform for decentralized finance (DeFi) applications and enterprise solutions. Developed and launched in late September by Ava Labs, the team raised a total of $60 million across three separate sales. The Block has identified 54 projects and companies across 11 different verticals currently expanding on its ecosystem. [Coinness]() ## Links in this article - [Coinness](https://coinness.com)