Golden Finance reported that Avara, the development company behind Aave, Lens, and Family, has announced the completion of a new round of financing totaling $31 million, led by Lightspeed Faction, with participation from Alchemy, Avail, Circle, Consensys, DFG, Fabric Ventures, Foresight Ventures, Stellarcore, Superscript, Re7, Wintermute Ventures, and a number of angel investors. It is reported that Avara is building a decentralized protocol that can serve as the infrastructure for social and consumer applications.