Tare Secures $13.25M Seed Funding Led by Blockchain Capital

Tare, a private credit infrastructure company, has secured a $13.25 million seed investment, according to a report by PwC. The funding round was led by Blockchain Capital, with participation from Janus Henderson, Strobe Ventures, VentureDebt, NeoClassic Capital, and Avalanche Foundation. Aave CEO Stanislav Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern also joined as investors. The company's valuation remains undisclosed. Tare plans to use the funds to build a loan management software platform based on Avalanche.