Tare raises $13.25M seed round led by Blockchain Capital

Private credit infrastructure firm Tare has raised $13.25 million in seed funding, Fortune reported. The round was led by Blockchain Capital and included Janus Henderson, Strobe Ventures, VentureDebt, Neoclassic Capital and the Avalanche Foundation. Investors also included Aave CEO Stani Kulechov, Tether co-founder Phil Potter and Privy CEO Henri Stern. Tare did not disclose its valuation and plans to use the funding to build Avalanche-based loan management software.