Techub News reports that Avara, the blockchain development service provider behind Aave, Lens, and Family, has announced the completion of a new funding round of $31 million, led by Lightspeed Faction, with participation from Alchemy, Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Stellarcore, Superscript, Re7, and Wintermute Ventures, as well as individual investors Anurag Arjun, Anton Bukov, Rune Christensen, Alex Gluchowski, Aleksander Leonard Larsen, Loi Luu, Spencer Noon, and Duncan Robinson.
Avara is building a decentralized protocol that can serve as the infrastructure for social and consumer applications.