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Tare raises $13.25M seed from Blockchain Capital to streamline private credit on blockchain. The Brooklyn fintech will build loan management software on Avalanche.

PRIVATESep 16, 20261 day ago

Amount Raised

$13.3 Million

Round Type

Seed

New YorkFinancial ServicesSoftwareFinanceFintechBlockchainCryptocurrencyLending

Investors

Henri SternPhil PotterStani KulechovAvalanche FoundationNeoclassic CapitalVenture DeptStrobe VenturesJanus HendersonBlockchain Capital

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.

Company Information

Company

Tare

Location

New York, New York, United States

About

Tare is a Brooklyn-based fintech company that simplifies private credit transactions by using blockchain technology to bring loan management functions onto a single platform. The company builds software on the Avalanche blockchain that creates digital records of loans while automating administrative work involved in managing them. Tare aims to eliminate intermediary costs and reduce friction between borrowers and investors in the credit market. Founded by credit and crypto veterans Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, the company operates offices in Brooklyn, New York and Lisbon, Portugal.

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Funding Insights

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VC-backed spending patterns
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Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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