Avara Completes $31 Million New Round of Financing, Led by Lightspeed Faction

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