Tare raises $13.25M seed led by BlockTower to build onchain private credit on Avalanche
Tare, an Avalanche-based private credit infrastructure platform, has raised $13.25 million in seed funding, led by BlockTower (per The Block). The company is building a regulated financial institution operating entirely onchain, with lending and borrowing infrastructure that connects loan originators directly with institutional capital.
- Raising to build a regulated financial institution running fully onchain on Avalanche.
- Janus Henderson is among the key investors in the round.
- Extends Avalanche's growing onchain credit ecosystem, following Janus Henderson's recent move to become a validator on the network.
Sources
- RT @TheBlockCo: THE BLOCK: Avalanche-based private credit infrastructure platform Tare has raised $13.25 million in seed funding led by Blo…x.com ↗
- Read more from @FortuneMagazine's coverage: https://t.co/UUkoWjjJLg Replying to their earlier post: BREAKING: Tare raises $12M to build a regulated financial institution entirely onchain, powered by Avalanche. Tare is building lending and borrowing infrastructure that connects loan originators dire…x.com ↗
- BREAKING: Tare raises $12M to build a regulated financial institution entirely onchain, powered by Avalanche. Tare is building lending and borrowing infrastructure that connects loan originators directly with institutional capital, with Janus Henderson being among key investors. https://t.co/gP4wfucwqmx.com ↗
