# Cerchia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cerchia

- Industry: Financial Services
- Headquarters: Zug, Switzerland
- Website: www.cerchia.io
- Total disclosed funding: $1.4M
- Latest round: Seed (Jan 16, 2023)
- Investors on record: 1

## About

Based in Zug, Switzerland, and founded by Thomas Zehnder (Chairman), Michael Rey (CEO), and Fabian Buchmann (COO) in 2020, Cerchia AG operates as a finTech company providing a direct risk transfer (DRT) platform. In January 2023, the firm raised CHF 1.3 million in seed funding led by investor High-Tech Gründerfonds.

The company through its Zilliqa blockchain-based DRT platform provides a decentralized marketplace for risk transfer between reinsurers and investors of insurance coverages by utilizing smart contracts. The company’s platform also offers automated parametric event risk payouts or returns for climate risks such as storms, hurricanes, air pollution, wildfire, river gauge level, etc.

The company plans to utilize its January 2023 funding for the development of its technology and expand its team. The company also plans to launch its first product in second quarter of 2023.

## Funding rounds

- Seed, Jan 16, 2023, $1.4M — High-Tech Gruenderfonds

## Investors

- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Seed