We are excited to announce that PolkaCover has successfully raised $1m in seed and private sale rounds backed by Fairum Ventures, Blocksync Ventures, Brilliance Ventures, Content Tap, Delta Hub Capital, Exnetwork Capital, Gains Associates, BBS Finance, Propeller Capital, Spykefast Capital, Tag Capital, The Whitesholding Capital, Titan Ventures, ZBS Capital, DuckDao and many other strategic backers, in a process which took more than 2 months to complete from seed to private-sale.
Our +5x oversubscribed round saw more than $5 million in interest, showing the overwhelming demand for DeFi based insurance DAO solution.
All our early backers have team members who are veterans in the blockchain industry, with a deep understanding of the financial & insurance industry. Their strong conviction is that there is massive potential and demand in DeFi insurance field.
Polkacover will continuously leverage their industry to build out the next generation insurance marketplace platform with the support of their strategic connections and expertise inside-out the crypto ecosystem.
Why did our investors choose PolkaCover?
Polkacover’s next-generation DeFi insurance platform iterates on many of the early lessons from the space. PolkaCover’s easy tradability of its CVR tokens provides diverse liquidity as well as an excellent market for the PolkaCover platform and its products. Finally, with a tier-one team across the board of crypto and traditional Insurance, our investors have confidence that PolkaCover can execute our ambitious vision to transform insurance in the crypto space.
Polkacover is extremely confident with investment partners as they have the experience and support for Polkacover to expand tremendously.
The Polkacover team thanks for all the support and looks forward to a very long and strong partnership with all of our investment partners.
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