InsurAce — $1 Million Seed Funding Raised From Tier-1 Institutions
Dear InsurAce Community,
We are excited to announce that we have successfully raised $1 Million in our seed round led by DeFiance Capital with participation from Parafi Capital, Huobi DeFi Labs, Hashed, Signum Capital, and Lunex Ventures. We are truly honored and thankful to be backed by this amazing group of investors, and also apologize to those who couldn’t take part due to the heavy oversubscription.
The funds raised will go towards accelerating the development of the product, performing audits, building community, and promoting the platform.
As Decentralized Finance (DeFi) continues to proliferate, the demand for DeFi insurance is ever-increasing. We are committed to building a reliable, robust, and flexible insurance protocol to meet the needs of DeFi users.
We couldn’t be more excited to embark on this new journey. We look forward to becoming your trusted insurance partner in your crypto journey.
The InsurAce Team