# Re Protocol

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/re-protocol

- Industry: Insurance
- Headquarters: US
- Website: https://re.xyz/
- Total disclosed funding: $14M
- Latest round: Seed (Sep 28, 2022)
- Investors on record: 7

## About

Based in the US, Founded in 2022, Re operates at the intersection of insurance and DeFi, aiming to modernize the reinsurance market by bringing capital onchain using transparent, tokenized structures. It leverages a licensed reinsurance entity to underwrite risk while enabling liquidity, accessibility, and participation from a broader investor base.

Based in the US, Re was founded in 2022 by Cliff White and Karn Saroya as CEO, with Cliff White  and the two as co-founders. It is a smart contract protocol built on the Avalanche blockchain that gives investors access to pure-risk investments in insurance premiums. In June 2026, Re Protocol raised an undisclosed amount of venture funding from new investor Coinbase Ventures.

Re is a fully collateralized reinsurance market that allows investors to access pure-risk insurance premiums by backing real-world risks in areas such as chemicals, healthcare, rail, real estate, mining, marine industries, etc. It connects alternative capital providers to the DeFi space by using blockchain technology, smart contracts, and oracle networks. The Re protocol is a web3 application that gives partners, investors, and regulators complete disclosure of capital position and performance.

The company generates revenue primarily from reinsurance premiums earned through underwriting activities conducted by Cover Reinsurance SPC. These premiums arise from providing risk coverage to insurers, forming the basis of returns distributed to capital providers in the protocol.

The company will use the 2026 funding to expand its underwriting capacity, grow its protocol team, and accelerate adoption of reUSD among institutional and onchain capital providers.

## Funding rounds

- Seed, Sep 28, 2022, $14M — Stratos Ventures, Morgan Creek Capital Management, Defy., Exor Seeds, Tribe Capital, Framework Ventures, SiriusPoint Limited

## Investors

- Stratos Ventures (https://capitalatlas.ai/funds/stratos-ventures) — Seed
- Morgan Creek Capital Management — Seed
- Defy. (https://capitalatlas.ai/funds/defy) — Seed
- Exor Seeds — Seed
- Tribe Capital (https://capitalatlas.ai/funds/tribe-capital) — Seed
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed
- SiriusPoint Limited — Seed