$3M Raised during InsurAce Strategic Round

Dear InsurAce Community,

We are more than thrilled to announce that InsurAce raised $3M during the Strategic Round. In this round, we are happy to welcome Alameda Research and HashKey Capital as the leading investors. DeFiance Capital, ParaFi Capital, Hashed and Signum Capital who joined our Seed round continued to support us in this round. Other world’s top-tier institutional investors such as IOSG Ventures, ImToken Ventures, LongHash Ventures, HashGlobal, Tembusu Partners, Factorial Ventures and angel investors Maple Leaf Capital, Wang Qiao and Kerman Kohli also participated.

We are honored and grateful to all the support bestowed from our investors and also community! One notable move that we did in this round is that we onboarded quite many world’s leading crypto KOLs and communities, who will show enormous support in the upcoming events.

As we witness more security incidents posing more and more severe threats to DeFi and users’ assets, InsurAce will soon deliver our products and services to make cover services easily accessible for all.

The successful close of InsurAce Strategic Round is only one of the milestones down the road of “Insure Your DeFi Journey” as we are building a reliable, robust, and flexible insurance protocol to meet the needs of DeFi users. In the near future, we will make the following deliveries:

I. Testnet is set to be launched this week

II. Token Public Sale Event

III. Mainnet Launch

IV. Continuous product testing and enhancements.

V. New features such as Cross-chain Coverages.

With revolutionary product design of Portfolio-based insurance protocol, the unique mechanism of combining investment arm and insurance arm to improve capital efficiency, InsurAce is bound to bring new values and innovations to DeFi and everyone who uses DeFi services.

“Insurance is an indispensable infrastructure for Defi, and there is great opportunities in this sector. We find InsurAce is one of the most promising teams, due to their deep knowledge in both insurance and defi. It comes up with a very innovative solution by leveraging more sophisticated actuarial model and providing more fair-priced protections, which can significantly increase the capital efficiency in defi world. We believe InsurAce has the ability to make defi insurance a scalable and sustainable business.”

— Deng Chao, Managing Director of HashKey Capital

“The tremendous growth of the DeFi ecosystem is calling for much better risk management or adjustment tools for its further development. Insurance is an integral piece to all of them. We’re very glad to be supporting InsurAce, backed by a very capable team, and looking forward to more affordable and comprehensive insurance products and solutions for DeFi.”

— Xinshu Dong, Partner at IOSG Ventures

About InsurAce

InsurAce is a decentralized insurance protocol, aiming to provide reliable, robust and carefree DeFi insurance services to the DeFi users, with very low premium and sustainable investment returns. InsurAce’s highlights include “0” Premium, Enriched Product Line, SCR Mining and Sustainable Return. InsurAce’s mission is to redefine DeFi insurance and protect users from security risks with user-friendly product accessibility and capital efficiency.