# Andalusia Labs Ltd,

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/andalusia-labs-ltd

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.riskharbor.com
- Total disclosed funding: $51M
- Latest round: Series A (Dec 13, 2023)
- Investors on record: 9

## About

Founded in 2021 and based in California, US, Risk Harbor, Inc. is a developer of a risk management marketplace for decentralized finance (DeFi) providing an automated solution for claims processes. The company was founded by Raouf Ben-Har. In June 2021, the company received its first and latest seed funding from a group of investors that includes Framework Ventures, Pantera Capital, and Bain Capital Ventures.

The company's product is an online platform that serves as a replacement for the decentralized governance process for paying out claims. It has a pre-programmed set of criteria that triggers an automated program function called "parametric insurance" for a secured claims payout. The platform eliminates the need for intermediaries to protect liquidity providers and takers against smart contract hacks and attacks.

The company's revenue is generated by the sales of its platform and the transaction held within the system targeting users engaged in claims processing.

The company plans to expand its protection services across multiple chains to accommodate a variety of protocols and use-cases.

## Funding rounds

- Series A, Dec 13, 2023, $48M — Lightspeed Venture Partners, Bain Capital, Digital Currency Group, Pantera Capital, Nima Capital, Mubadala Capital, Coinbase Ventures, Framework Ventures, Proof Group
- Seed, Apr 15, 2021, $2.8M — Bain Capital, Digital Currency Group, Pantera Capital, Nima Capital, Coinbase Ventures, Framework Ventures

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed, Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed, Series A
- Nima Capital — Seed, Series A
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed, Series A
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed, Series A
- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A
- Mubadala Capital (https://capitalatlas.ai/funds/mubadala-capital) — Series A
- Proof Group — Series A