Soter Insure Completes First Tranche of Series B Funding Led by Galaxy Digital
Digital asset insurance provider Soter Insure has completed the first close of its Series B funding round, led by Galaxy Digital. The round also included new investors Coinbase Ventures and Franklin Templeton, alongside continued support from existing backers like Brevan Howard Digital. A second close is expected soon as additional strategic investors are confirmed. The total capital raised through this round will bring Soter Insure's overall funding to Dh86.3 million (approximately $23.5 million), along with over 500 Bitcoin and 2,000 Ethereum in digital assets. The funds will be used for growth initiatives such as enhancing underwriting capabilities, expanding technology infrastructure, and broadening operations across key markets. Soter Insure is based in Abu Dhabi and operates from Bermuda, London, New York, and Dubai. It offers insurance products tailored to the digital asset sector, including coverage against crime, smart contract failure, and other risks.
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Topics: digital_assets insurance venture_capital