Avara completes $31 million in new funding, led by Lightspeed Faction

Golden Finance reported that Avara, the development company behind Aave, Lens, and Family, announced the completion of a $31 million new round of financing, led by Lightspeed Faction, 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 Decentralization protocol that can serve as the infrastructure for social and consumer applications.