# Neptune Mutual

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/neptune-mutual

- Industry: Financial Services
- Headquarters: Tortola, British Virgin Islands
- Website: www.neptunemutual.com
- Total disclosed funding: $1.8M
- Latest round: Seed (Nov 26, 2021)
- Investors on record: 8

## About

Based in Tortola, UK, and founded in 2021 by CEO Binod Nirvan,  co-founder Gillian Wu and Edward Ryall, Neptune Mutual operates as a financial and security-based company providing decentralized insurance protocol for Ethereum. In January 2022, Neptune Mutual raised USD 3 million in venture funding led by Animoca Brands Corporation Limited, with participation from Cambium Grove Capital, Fundamental Labs, GBV Capital, GSR, and Pacific Century Group. 

Neptune Mutual provides users payouts to policyholders following incidents based on an impartial and on-chain resolution by NPM governance participants. The company offers a marketplace to cover policies for a wide variety of projects in DeFi, CeFi, and Metaverse. In addition, the firm provides bootstrap liquidity into its own DeFi Liquidity. Neptune Mutual provides a collection of NFTs for its community, which can be tradeable. As of 2023, the company’s client base includes Avatar Capital, Gravity, Hex Trust, GSR, GBV, Cambium Grove Capital, XT.com, and Bit Mart.

## Funding rounds

- Seed, Nov 26, 2021, $1.8M — Fenbushi Capital, Alphabit, Coinbase Ventures, HTX Venture, HEX Trust, OKEx Blockdream Ventures, GravityX Capital, Baboon.VC

## Investors

- Fenbushi Capital (https://capitalatlas.ai/funds/fenbushi-capital) — Seed
- Alphabit (https://capitalatlas.ai/funds/alphabit) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- HTX Venture (https://capitalatlas.ai/funds/htx-venture) — Seed
- HEX Trust — Seed
- OKEx Blockdream Ventures — Seed
- GravityX Capital (https://capitalatlas.ai/funds/gravityx-capital) — Seed
- Baboon.VC (https://capitalatlas.ai/funds/baboon-vc) — Seed