Neptune Mutual uses parametric cover models to protect user funds from exploits of cryptocurrency exchanges, custody providers, and smart contracts. Unlike discretionary mutuals, Neptune Mutual’s parametric cover products provide guaranteed payouts to policyholders following incidents based on unbiased, on-chain resolution by NPM governance participants.
Neptune Mutual, the parametric cover protocol, has successfully closed a private round of $5.3M. Investors include: exchange venture funds from XT.com, Gate io, Bitmart; venture funds that have a portfolio of DeFi/metaverse projects, such as LD Capital, Mapleblock Capital, Pulsar Global, The DuckDao, Dweb3, Redline DAO, and LUX Capital; and funds with DeFi user communities, such as Poolz Finance, BSC Army, Whitelist Ventures and the CryptoLark, amongst others.
This private round follows on from the 5M$ of capital raised previously in Neptune Mutual’s seed & strategic rounds from investors such as Fenbushi, Coinbase Ventures, Animoca Brands, GBV Capital, Huobi, OKX and a number of other crypto-native funds.
Previously Neptune Mutual announced that they have raised a $1.75M seed round led by Fenbushi Capital. The backers also included Coinbase Ventures, Huobi Ventures, OK Blockdream Ventures, GravityX, Hex Trust, Baboon VC, NVC Partners, and Alphabit Digital Currency Fund.
📅 Launch Time (UTC)
Blockchain Service, Insurance, Security
‼️ Sale Details
- Exchange: Poolz
- Token price: $0.23
- Token type: ERC-20
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