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
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Insurace Global Pte. Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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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
Employee Count
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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.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Token Sale — $450,000
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First Round
First Round
(24 Nov 2020)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2021 | Amount | Token Sale - InsurAce | Valuation |
investors |
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| Nov, 2020 | Amount | Seed - InsurAce | Valuation | DeFiance Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| 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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Founded Year | Domain | Location | |
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Investments are focused on crypto and tech companies by ParaFi.
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Founded Year | Domain | Location | |
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Venture capital fund focused on crypto-assets
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by InsurAce
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - InsurAce
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Insurace Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-based payment network for cross-border transfers is developed.
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| domain | founded_year | HQ Location |
P2P lending platform based on the Ethereum blockchain
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| domain | founded_year | HQ Location |
A blockchain network for capital markets is operated.
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| domain | founded_year | HQ Location |
Programmable processor architecture is developed for energy-efficient computing.
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| domain | founded_year | HQ Location |
Provider of blockchain-based platform offering to mine coins
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| domain | founded_year | HQ Location |
Blockchain network platform developed for finance sector applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Insurace
Frequently Asked Questions about InsurAce
When was InsurAce founded?
InsurAce was founded in 2020.
Where is InsurAce located?
InsurAce is headquartered in Singapore, Singapore.
Who is the current CEO of InsurAce?
Oliver Xie is the current CEO of InsurAce. They have also founded this company.
Is InsurAce a funded 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 24, 2020.
What does InsurAce do?
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.
Who are the top competitors of InsurAce?
Who are InsurAce's investors?
InsurAce has 6 investors. Key investors include ParaFi, DeFiance Capital, Huobi DeFiLabs, Hashed, and Signum Capital.