# Unslashed Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/unslashed-finance

- Industry: Insurance
- Headquarters: London, UK
- Website: www.unslashed.finance
- Total disclosed funding: $2M
- Latest round: Seed (Mar 2, 2021)
- Investors on record: 4

## About

Unslashed Finance offers innovative decentralized finance (DeFi) solutions, primarily providing insurance products designed specifically for cryptocurrency and blockchain assets, addressing risks like smart contract failures and exchange hacks.Founded in 2020, Unslashed Finance is based in London, UK, and focuses on delivering DeFi insurance solutions. The company has successfully completed a Seed funding round in March 2021, raising USD 2.000 mn from investors including BitScale Capital, ChainLayer, Lemniscap, and P2P Capital. The company has not undergone any notable pivots or changes in its operations since its inception and has not disclosed any subsidiaries or parent companies.Unslashed Finance specializes in decentralized finance (DeFi) solutions, primarily focusing on providing insurance products tailored for cryptocurrency and blockchain-based assets. Their core offerings enable users to protect their digital assets against risks such as smart contract failures, exchange hacks, and other unforeseen vulnerabilities. The platform operates on a peer-to-peer model that connects users seeking coverage with those willing to provide it, effectively creating a marketplace for DeFi insurance. Unslashed Finance aims to address the growing concerns of security and risk management in the rapidly evolving digital economy, catering to a diverse customer base that includes individual cryptocurrency investors, institutional participants, and developers of blockchain applications. Their products are marketed globally, with a strong presence in regions known for high cryptocurrency adoption, such as North America, Europe, and parts of Asia.Unslashed Finance generates revenue through a structured transaction model that involves fee-based commissions on insurance premiums paid by users seeking coverage. Clients engage with the platform by purchasing insurance policies for their digital assets, where they pay a premium based on the specific risks and coverage limits selected. The firm facilitates these transactions directly between policyholders and underwriters, fostering a transparent and efficient marketplace. Pricing plans are designed around the unique risks associated with different asset classes and user requirements, ensuring that clients receive tailored coverage options. This approach to risk management within the DeFi space not only strengthens the financial ecosystem but also enhances Unslashed Finance's position in the market.In March 2021, Unslashed Finance raised USD 2.000 mn in Seed funding to support the expansion of its operations and business reach. The company plans to develop new insurance products tailored for emerging digital assets, with expected releases in the coming year. Additionally, Unslashed Finance aims to expand its services into new markets in Asia and North America by the end of 2022, capitalizing on the increasing demand for DeFi insurance solutions.

## Funding rounds

- Seed, Mar 2, 2021, $2M — Lemniscap, P2P Capital, BitScale Capital, ChainLayer

## Investors

- Lemniscap — Seed
- P2P Capital — Seed
- BitScale Capital — Seed
- ChainLayer (https://capitalatlas.ai/funds/chainlayer) — Seed