Crypto Insurance Platform Coincover Raises $9.2M as Big Firms Seek Safety
The Series A round led by Element Ventures included DRW Venture Capital and Susquehanna Private Equity Investments.
The Australian company, founded in 2018, has developed a blockchain-based, virtual horse-racing game called Zed Run.
The company has been meeting prospective investors and is working with an adviser on the round, Bloomberg reported.
The company plans to expand its operations n Chile, Colombia, Ecuador, Peru and Uruguay by the end of 2022.
The decentralized stablecoin project is rapidly gaining momentum.
Buenbit plans to expand in Peru, Colombia and either Brazil or Mexico.
U.K.-based digital bank Revolut is in “detailed talks” with SoftBank about a fundraising round that could value the firm at between $30 billion and $40 billion, according to a Sky News report. Read more: Revolut Adds Dogecoin to Crypto Offering