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Native - Seed
Overview
Funding Date
October 29, 2024
Financing amount
$2.6M
Valuation
--
Category
Subcategory
About Native - Seed
Nexus Mutual, the decentralized alternative to traditional insurance geared towards risks involving digital assets, is widening its distribution capabilities by backing a dedicated crypto insurance broker called Native. Native goes live with $2.6 million of seed funding led by Nexus Mutual, and the two firms are offering $20 million on-chain cover per risk, according to a press release on Tuesday.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United Kingdom | -- | 1 | -- |
Founders & Team
Ben Davis
Company Profile / Project Introduction
Native is the first global broker to bridge traditional insurance with onchain capital. The mission is to address the chronic underinsurance problem in digital assets. Offering onchain and offchain risk products with up to $20m limit, the team is also building 'Native Network' – a platform that lets approved brokers access onchain risk transfer capabilities and exclusive products.