Posted 10/26/2023, 11:04:15 AM
Tarun Chitra Raises $8M for Aera, a Protocol Helping DAOs Manage Finances Quickly While Staying Decentralized
- Tarun Chitra, founder of Gauntlet and Robot Ventures, raises $8M from Jump Trading and Bain Capital for new startup Aera
- Aera is a protocol to help decentralized autonomous organizations (DAOs) manage finances
- DAOs need to balance speed and decentralization when managing endowments
- Aera aims to let DAOs quickly respond to markets while retaining decentralization
- Chitra believes Aera could be used beyond crypto by traditional LLCs