Tare

Tare rewires credit markets. Transact with elegance.

[Jonah @jonah_b]

Billions of dollars are gobbled up every year by the plumbing of our outdated credit system. @tarecredit is rebuilding the rails of American lending to save hardworking Americans billions. Excited to back @lucasvo, @humancapitol & @keerthimoudgal.

[John Zettler @JohnZettler]

Excited to be an early supporter and investor in this rockstar team! What they’re doing is truly ambitious and could change credit investing entirely.

[Henri Stern Ꙫ @sternhenri]

Go team!!!! Very exciting times ahead.

[Stani @StaniKulechov]

Excited to back Tare as they bring credit markets onchain.

[Matthew Homer @matt_homer]

We have passed on most tokenization companies we've seen, and usually for the same reason: they focus on the thin layer of tokenization itself versus the processes and ecosystem around it. @tare_io is the exception, and today we're proud to share our investment in it. The company announced $13.25 million in seed financing led by Blockchain Capital, with participation from Strobe Ventures, Janus Henderson, Neoclassic Capital, the Avalanche Foundation, and The Venture Dept. The capital funds product development and hiring as Tare opens its platform to third-party lenders and institutional investors.

Credit today moves from investors to borrowers through a long chain of intermediaries. An originator underwrites the loan, a servicer collects the payments, a trustee holds the assets, an administrator produces the reporting, and an investor receives a loan tape weeks later that may not reconcile. Tare replaces that cumbersome process with a shared asset ledger and three applications sitting on top of it: a Loan Origination System that writes standardized loan data into the registry at the moment of underwriting, a Loan Management System that handles servicing, waterfalls, and securitization, and a Digital Investor Hub where institutional buyers analyze, purchase, monitor, and sell those assets. 

I first met the CEO and Co-Founder, @humancapitol, while doing diligence on Uniform Labs, a company in which we subsequently invested. When he later started Tare, he called us early. I’ve learned that many of the best relationships can come from diligence calls such as this. Diligence calls put you in rooms with people you have no other reason to be talking to, and some of those people turn into the best investments you make. The first venture investment I ever made also came out of a diligence call: I was speaking with Edward Woodford to get his read on a different company, and the conversation led to Nyca’s investment in his company, ZeroHash, in 2021. 

We're proud to back @humancapitol, @lucasvo, and @keerthimoudgal as they build the shared, intelligent ledger that connects loan originators and credit investors directly.

Here's why we invested in Tare: https://t.co/XWLA6fcvcW

@Blattmachr @deptvc

[The Block @TheBlockCo]

THE BLOCK: Avalanche-based private credit infrastructure platform Tare has raised $13.25 million in seed funding led by Blockchain Capital.

Janus Henderson, Strobe Ventures, Venture Dept, Neoclassic Capital, and the Avalanche Foundation also participated, along with Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern.

[Thomas Klocanas @tklocanas]

When @humancapitol walked us @strobefund through @tarecredit’s vision, one thing immediately struck us: the scale of the problem and opportunity in what is often seen as boring credit piping, and rarely challenged despite its inefficiencies.

Trillions of dollars evaporate into legacy infrastructure; origination fees, servicing middlemen, fragmented rails. Not because that's the right cost structure, but simply because no one has rebuilt the pipes in decades (spoiler, it’s not easy).

Today, @tarecredit is rebuilding those pipes, obsessing over every little problem in the supply chain today.
Onchain loan infrastructure, AI native servicing, and a direct lending product that proves the model before opening it to the market.

We invested in @tarecredit because we believe the next generation of credit infrastructure won't look like the last one. Tare is a strong signal of what's coming. @humancapitol, @lucasvo, and @keerthimoudgal are the avengers of tokenization, and we’re proud to back them in their journey.

[Tare @tarecredit]

Kevin Miao (@humancapitol) live on @therollupco now discussing our mission, building ‘Doordash’ for credit investors, and all things related to tokenization across origination, servicing, and securitization.

[Andy @andyyy]

LIVE: COMFY IN SPOT. Higher For Longer. AVAX Summit Day 1! Interviewing Franklin Templeton, Ethena, Grayscale, Aave, Broadridge & Securitize In NYC https://t.co/Dsqi9fV207

[Aleks Larsen @alekslarsen]

We're backing @tarecredit because the credit system is old, expensive, and ready for an upgrade.

Credit is heavily intermediated with slow and opaque manual processes and the plumbing alone costs borrowers and investors north of $100B a year.

It's finally become possible to rebuild the entire value chain around a single source of truth, using stablecoins, smart contracts and AI.

Led by co-founders @humancapitol @lucasvo and @keerthimoudgal, Tare is the perfect team for the job. Kevin helped build one of the first onchain private credit funds at Blocktower Credit after an extensive career in credit before, Lucas co-founded Centrifuge and is a pioneer in RWAs, and Keerthi was Head of Product at JP Morgan's institutional blockchain platform Kinexys.

We're thrilled to announce that we led their seed round alongside a great group of funds and angels including leading private credit firms like Apollo and Janus Henderson and founders like @StaniKulechov of Aave.

@jonah_b and I wrote more about our thesis below.

[Aleks Larsen @alekslarsen]

https://t.co/Vytb8QhD8J

[Tare @tarecredit]

@humancapitol @keerthimoudgal @lucasvo 10/ Finally, a thank you. Ambitious visions require ambitious partners. We are grateful for the support of @bcap, @strobefund, Janus Henderson, @deptvc, @NeoclassicCap, @AvalancheFDN, and the inspiring angels and operators who have placed their trust in us.

[Tare @tarecredit]

Today, we’re announcing Tare’s $13.25 million seed financing to rewire credit markets. Thank you to Fortune for capturing our story.

https://t.co/GLbZhNMXqJ

[Tare @tarecredit]

9/ Tare's founded by
@humancapitol, who started BlockTower Credit, the first onchain institutional credit fund ($1.9 billion AUM;
@keerthimoudgal, former Head of Product at J.P. Morgan Kinexys, & @lucasvo, the Cofounder and former CEO of Centrifuge, who created the RWA category