tare

According to Fortune magazine, the blockchain private credit management platform Tare has completed a $13.25 million seed round financing, led by Blockchain Capital, with participation from Janus Henderson, Strobe Ventures, the Venture Dept, Neoclassic Capital, and the Avalanche Foundation. Individual investors include Aave CEO Stani Kulechov, Tether co-founder Phil Potter, and Privy CEO Henri Stern.The funds will be used to build and expand loan management software, hire staff, and obtain the necessary licenses for its loan department Tare Credit LLC to operate nationwide.Tare was co-founded by Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, and plans to build software on the Avalanche blockchain to create digital records for loans and automate the management of related administrative tasks. Miao stated that the difference between the interest paid by borrowers and the returns received by investors is often absorbed by intermediaries, and the blockchain system can automate operational tasks and eliminate additional costs.

According to TechCrunch, nuclear startup Antares Nuclear has completed a $470 million Series C funding round, co-led by Paradigm and Caffeinated Capital, with participation from Industrious Ventures, Point72 Ventures, and Shine Capital, including $370 million in equity and $100 million in debt.Antares is developing small modular reactors (SMRs) with a power output of 100 kilowatts to 1 megawatt, using TRISO fuel. The company is one of three finalists in the U.S. Department of Defense's Advanced Nuclear Power Systems program, planning to launch its first power-generating reactor next year and deploy it to U.S. military bases by 2028. Previously, Antares completed a $96 million Series B funding round last December, bringing its total funding to $604 million. The first batch of SMRs is expected to be operational in the early 2030s, with a cost of approximately $214 per megawatt-hour, higher than most new power plants except for the most expensive gas turbines.