March 19, 2024
Umoja, a company focused on decentralized hedging strategies, has secured $2 million in seed funding to advance its mission of mitigating crypto losses. The funding round saw participation from Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion, and Blizzard (Avalanche). This capital will support the introduction of DeFi's first asset risk management tool, allowing users to insure their market losses similarly to how multi-billion-dollar hedge funds operate.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Umoja | Mar 19, 2024 | $2M | Seed | $4M | Blockchain Founders Fund | ZK |
The recent funding will also allow Umoja to expand its team and accelerate product development. The company's platform offers a combination of off-chain order matching and on-chain settlements, utilizing zero-knowledge proofs and Validium technology to achieve high transaction speeds with low latency. This hybrid approach addresses the security and execution challenges prevalent in the cryptocurrency trading market.
Umoja is committed to adhering to regulatory standards and ensuring the highest levels of security and transparency for its users. To maintain robust security protocols, the company collaborates with audit and pentesting partners such as Spearbit DAO and NCC Group.
About Umoja
Umoja is a cryptocurrency-hedging technology company that automates reducing bitcoin exposure risk. The platform provides institutional-grade infrastructure for digital asset derivative trading, optimizing access to liquidity, data, trade execution, and post-trade workflows.
Website: https://umoja.finance/
X Account: @UmojaProtocol
X Followers today: 46.3k
About Investor
Investor: Blockchain Founders Fund
Blockchain Founders Fund led the $2 million funding round. As a prominent venture and technology investor, Blockchain Founders Fund focuses on early-stage startups in the blockchain sector, supporting innovative approaches to financial technology and digital asset management.
Location: United States
Website: https://blockchainff.com/
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