About InsurAce
InsurAce is a company based in Singapore (Singapore) founded in 2020 by Oliver Xie. InsurAce has raised $1 million across 2 funding rounds from investors including ParaFi, DeFiance Capital and Huobi DeFiLabs. InsurAce operates in a competitive market with competitors including Ripple, Compound, Axoni, Injective and Pi Network, among others.
- Headquarter Singapore, Singapore
- Founders Oliver Xie
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Sectors
TechnologyFinancial Services
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Insurace Global Pte. Ltd.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$1 M (USD)
in 2 rounds
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Latest Funding Round
$450 K (USD), Token Sale
Mar 14, 2021
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Investors
ParaFi
& 5 more
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Employee Count
Not available
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Funding Insights of InsurAce
InsurAce has successfully raised a total of $1M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $450 thousand completed in March 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in InsurAce
InsurAce has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include ParaFi, DeFiance Capital and Huobi DeFiLabs.
| Investor | Description | Founded Year | Domain | Location |
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Crypto-native investment firm focusing on Web3, DeFi, gaming, and infrastructure assets globally.
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Investments are focused on crypto and tech companies by ParaFi.
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Venture capital fund focused on crypto-assets
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Investor details for InsurAce
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Investments & Acquisitions by InsurAce
Investment portfolio details for InsurAce
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Financial Statements - InsurAce
Detailed financials for InsurAce
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Insurace Comparisons
Peer comparison for InsurAce
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of InsurAce
InsurAce operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ripple, Compound, Axoni, Injective and Pi Network, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Blockchain-based payment network for cross-border transfers is developed.
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P2P lending platform based on the Ethereum blockchain
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| Locked | Locked | Locked |
A blockchain network for capital markets is operated.
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Programmable processor architecture is developed for energy-efficient computing.
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Provider of blockchain-based platform offering to mine coins
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Blockchain network platform developed for finance sector applications.
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Detailed competitors of InsurAce
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Insurace
Complete news archive for InsurAce
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Frequently Asked Questions about InsurAce
InsurAce was founded in 2020.
InsurAce is headquartered in Singapore, Singapore.
Oliver Xie is the current CEO of InsurAce. They have also founded this company.
InsurAce is a funded company, having raised a total of $1M across 2 funding rounds to date.
InsurAce was established in 2020 in Singapore as a decentralized protocol within the blockchain insurance sector. Insurance coverage is provided through smart contracts to safeguard investments against hacks and other risks. Portfolio management tools are included alongside opportunities for investment returns. Operations encompass risk assessment, market evaluation, and security measures for users in the decentralized finance space.
InsurAce has 6 investors. Key investors include ParaFi, DeFiance Capital, Huobi DeFiLabs, Hashed, and Signum Capital.