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
- SectorsTechnologyFinancial Services
- Email••••••••
- Website insurace.io
- Social LinkedIn X Facebook
- Legal Name Insurace Global Pte. Ltd.
- Total Equity Funding$1M (USD)
in 2 rounds
- Latest Funding Round$450K (USD), Token Sale
Mar 2021
- InvestorsParaFi
& 5 more
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.
- Total Funding $1M
- Total Rounds 2
- Last Round Token Sale — $450,000
- First Round $1M
(Nov 2020)
- Investors Count 6
All 2 funding rounds of InsurAce with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2021 | $450,000 | Token Sale | – | – | – |
| Nov 2020 | $1M | Seed | – | DeFiance Capital |
6 investors in total: 6 institutional.
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 |
|---|---|---|---|---|
Crypto-native investment firm focusing on Web3, DeFi, gaming, and infrastructure assets globally. | – | defiance.capital | - | |
Investments are focused on crypto and tech companies by ParaFi. | 2018 | parafi.com | Greenwich, United States | |
Venture capital fund focused on crypto-assets | – | hashed.com | Seoul, South Korea | |
Blockchain startups are funded through venture capital investments. | – | signum.capital | Singapore, Singapore | |
Early-stage blockchain companies are invested in by LuneX Ventures. | – | lunex.vc | Singapore, Singapore | |
Operates a platform for DeFi research and investment services. | 2020 | huobidefilabs.io | Singapore, Singapore |
Investor details for InsurAce
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of InsurAce
3 people are tracked at InsurAce (2 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Oliver Xie | Founder & CEO | Leadership |
olesson seh | Founder and CEO | Leadership |
Zhengyuan Qiao | Dev Lead | Team |
Complete people profiles for InsurAce
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Timeline of InsurAce
3 dated milestones of InsurAce across 1 years, from founding to its latest funding, stage changes and deals.
- Founded InsurAce is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Token Sale, of $450K.
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 | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ripple.com | 2012 | San Francisco, United States | $352.68M | 554 | Blockchain-based payment network for cross-border transfers is developed. | |
| compound.finance | 2017 | San Francisco, United States | $79.44M | – | P2P lending platform based on the Ethereum blockchain | |
| axoni.com | 2013 | New York, United States | $108.12M | 142 | A blockchain network for capital markets is operated. | |
| injective.com | 2018 | New York, United States | $95.2M | – | Programmable processor architecture is developed for energy-efficient computing. | |
| minepi.com | 2019 | Palo Alto, United States | – | 16 | Provider of blockchain-based platform offering to mine coins | |
| algorand.com | 2017 | Boston, United States | $66M | 20 | Blockchain network platform developed for finance sector applications. | |
| nibiru.fi | 2022 | Palo Alto, United States | $20.5M | – | Proof-of-stake blockchain unifies trading, staking, and liquidity provision. |
Detailed competitors of InsurAce
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Insurace
Complete news archive for InsurAce
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to InsurAce
10 companies that operate in the same segment as InsurAce (Blockchain & Decentralized Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | – | – | |
Public blockchain network platform | 2017 | Zug, Zug, Switzerland | USD 542.29 M | – | – | |
Scalable blockchain interoperability protocols are developed for enhanced network security. | 2017 | George Town, Cayman Islands | USD 450.75 M | – | – | |
Blockchain-based PC and mobile games are developed and published. | 2006 | Kowloon, Hong Kong, China | USD 973.19 M | – | – | |
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | – | – | |
Cloud-based blockchain platform for application development is provided. | 2013 | San Francisco, California, United States | USD 597.81 M | – | – | |
Blockchain-based fantasy sports marketplace is provided for multiple sports. | 2018 | Saint-mande, Val-de-marne, France | USD 738.84 M | – | – |
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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. The company's 1st funding round was a Seed of $1M, raised on Nov 2020.
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.
InsurAce operates through Insurace Global Pte. Ltd..