Avara acquires Family, expanding its presence further in the space.

Avara acquires Family, expanding its decentralized finance portfolio. LFE team joins, and Family's wallet and ConnectKit to continue under Avara's umbrella for seamless growth.

Avara acquires Family, expanding its decentralized finance portfolio. LFE team joins, and Family's wallet and ConnectKit to continue under Avara's umbrella for seamless growth.

This article is authored by an independent contributor.

smolloop

Posted on Nov 15, 2023

In a strategic move, Avara, formerly known as Aave Companies, has acquired Los Feliz Engineering (LFE), the company behind Family and Honk. The entire LFE team, including the founder, will now join Avara, with the founder assuming the role of Senior Vice President of Product and design.

Under the Avara umbrella, the Family brand, renowned for its mobile wallet and developer library, ConnectKit, will continue its operations and undergo further evolution.

Avara, a dynamic collective of brands in decentralized finance and social sectors, includes Aave and Lens. The acquisition of Family strengthens Avara's diverse portfolio, fostering collaboration and innovation within the industry.

The alignment between Avara's leadership and LFE's experience in social and crypto creates a synergistic partnership, setting the stage for mutual growth.

Family's wallet and ConnectKit will persist and improve under Avara, ensuring a seamless experience for users. Developers using ConnectKit need not take any action in light of this acquisition.

With Avara's extensive resources and experience, Family anticipates elevating its product development efforts. The collaboration aims to capitalize on Avara's distribution channels and technical expertise, propelling both entities into a new phase of advancement within the decentralized finance landscape.

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