Tare Completes $13.25M Seed Round Led by Blockchain Capital

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Tare has closed a $13.25 million seed round led by Blockchain Capital, with participation from Janus Henderson, Strobe Ventures, Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern also joined. The project will build loan management software on Avalanche to digitize records and automate backend processes such as payment distribution and verification. The platform aims to streamline private credit workflows and reduce costs. Blockchain news continues to highlight key developments in DeFi infrastructure. The solution will leverage blockchain upgrade features to enhance efficiency and transparency.

Odaily Planet Daily reports that this funding round was led by Blockchain Capital, with participation from Janus Henderson, Strobe Ventures, Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern also invested. Tare plans to develop loan management software on Avalanche to create digital records for loans and automate back-end processes such as recordkeeping, payment allocation, and transaction verification, aiming to streamline fragmented private credit workflows and reduce intermediary and operational costs.

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