ChainCatcher message, according to TechCrunch, Avara, the development company behind Aave, Lens, and Family, 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, along with a group of angel investors.

According to Web3 asset data platform RootData, Avara, renamed from Aave Companies, is a vibrant collective of pioneering brands in the decentralized finance and social space, including Aave, Lens, GNO, and others.