Web3 insurtech startup Takadao raises $1.5 million in seed funding, with participation from Hasan VC and others.
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TL;DR
Takadao, a Saudi Web3 insurtech startup, raised $1.5M in seed funding from investors like Hasan VC, bringing total funding to $3.1M. The funds will support life insurance and stablecoin investment services, and expansion into Southeast Asia and the US.
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TakadaoWeb3insurtechseed fundingstablecoin
According to Mars Finance, Saudi Arabia-based Web3 insurance technology startup Takadao has announced the completion of a $1.5 million seed funding round, with participation from Hasan VC, Syla Invest, Wahed Ventures, Ice Blue Fund, Istari Ventures, and Adverse. This brings its total funding to $3.1 million. The new funds will support the company in building services such as life insurance payouts and investment returns in stablecoin form, and will also facilitate expansion into markets in Southeast Asia and the United States.