# InsurAce

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

- Industry: Insurance
- Headquarters: Singapore
- Website: www.insurace.io
- Total disclosed funding: $1M
- Latest round: Seed (Nov 24, 2020)
- Investors on record: 6

## About

Founded in 2020 and based in Singapore, InsurAce operates a decentralized finance insurance platform that provides insurance services. The company was founded by its CEO Oliver Xie. In November 2020, InsurAce raised USD 1 million in seed funding led by a new investor DeFiance Capital. 

The company operates an insurance platform created with a decentralized protocol (blockchain) that protects its users from various security risks like cyber-attacks and offers them insurance services with sustainable investment returns. The company’s platform also allows its users to earn InsurAce tokens through its liquidity mining program and create accounts with digital wallet accessibility on its website. InsurAce costs its users zero-premium for using its service by following a unique pricing model that changes with their cover cost.

The company plans to accelerate its product development, build community, and promote its platform.

## Funding rounds

- Seed, Nov 24, 2020, $1M — Signum Capital, Hashed Ventures, HTX Venture, LuneX Ventures, DeFiance Capital, ParaFi Capital

## Investors

- Signum Capital (https://capitalatlas.ai/funds/signum-capital) — Seed
- Hashed Ventures (https://capitalatlas.ai/funds/hashed-ventures) — Seed
- HTX Venture (https://capitalatlas.ai/funds/htx-venture) — Seed
- LuneX Ventures (https://capitalatlas.ai/funds/lunex-ventures) — Seed
- DeFiance Capital — Seed
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Seed