# Umoja Labs

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

- Industry: Financial Services
- Headquarters: Grand Cayman, Cayman Islands
- Total disclosed funding: $4M
- Latest round: Seed (Mar 19, 2024)
- Investors on record: 8

## About

Based in Grand Cayman, Cayman Islands, and founded in 2020, Umoja Protocol, also known as Umoja, operates as a financial technology company that offers crypto-loss protection solutions. The company was founded by Robby Greenfield. In March 2024, Umoja raised USD 2 million in seed funding led by the company's management, along with Coinbase Ventures, Blockchain Founders Fund, and other unspecified investors also participated in the round. The round was part of a larger USD 4 million seed funding.

Umoja offers Umoja Alpha, which is a FinTech platform providing automated, market-loss protection for digital assets, mainly cryptocurrencies (BTC and ETH). The firm’s CeFi (centralized finance) customizable loss coverage platform offers multiple features and solutions, such as crypto hedging, fiat hedging, RWA hedging, asset risk management primitive solutions, and many more. The company offers customizable hedging strategies to protect clients’ finances against fluctuations in cryptocurrencies, fiat currencies, digital bonds, real estate, and commodities.

The company plans to utilize the March 2024 funding to broaden automated, affordable hedging and asset management for retail investors in crypto, fiat, and tokenized assets.

## Funding rounds

- Seed, Mar 19, 2024, $2M — Coinbase Ventures, Blockchain Founders Fund
- Seed, Jan 9, 2024, $2M — 500 Global, Coinbase Ventures, Blockchain Founders Fund, Quantstamp, Inc., Orange DAO, Avalanche, Psalion VC, Hyperithm

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Blockchain Founders Fund (https://capitalatlas.ai/funds/blockchain-founders-fund) — Seed
- Quantstamp, Inc. — Seed
- Orange DAO — Seed
- Avalanche (https://capitalatlas.ai/funds/avalanche) — Seed
- Psalion VC (https://capitalatlas.ai/funds/psalion-vc) — Seed
- Hyperithm — Seed