Hedging protocol Umoja completes US$4 million in seed round financing, with participation from Coinbase and others

2024-03-19 22:38:47BlockBeatsShare to:

BlockBeats news, on March 19, asset hedging protocol Umoja announced that it had raised $2 million in its second seed round of financing. This round of financing was funded by Coinbase, 500 Global, Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion and Avalanche. Blizzard Fund participated in the investment. The total seed round financing to date reaches US$4 million. Umoja was founded by Robby Greenfield, former head of social impact business at ConsenSys, to help users insure against investment losses like a hedge fund to ensure their financial health, and to introduce asset risk management in the DeFi field.

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