Tare raises $13.25M seed from Blockchain Capital to streamline private credit on blockchain. The Brooklyn fintech will build loan management software on Avalanche.
Amount Raised
$13.3 Million
Round Type
Seed
Investors
Description
Tare, a Brooklyn-based fintech founded by credit and crypto veterans Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, announced a $13.25 million seed round led by Blockchain Capital. The round, which closed in March, included investors such as Janus Henderson, Strobe Ventures, the Venture Dept, Neoclassic Capital, and the Avalanche Foundation, along with individuals including Aave CEO Stani Kulechov and Tether cofounder Phil Potter. Tare plans to use the funding to build blockchain-based software on Avalanche that automates loan administration and creates digital records, eliminating intermediary costs in private credit transactions. The platform aims to connect borrowers and investors with minimal friction, reducing costs absorbed by middlemen.
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Funding Insights
Based on industry dataTare raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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