Avara completes $31 million in new funding round, led by Lightspeed Faction. According to Jinse Finance, 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. It is reported that Avara is building a decentralized protocol that can serve as the infrastructure for social and consumer applications.
