YAS MicroInsurance, a blockchain based insurtech company, announced the completion of its US$4.5 million Pre-Series A funding round. led by Noria Capital, ZEMU VC and JKL Capital.
Lead investor Noria Capital will also share its expertise in the Middle East and support YAS in obtaining a digital asset insurance license in the region.
YAS said that it plans to use the funds to expand and insure the Web3 economy as it aims to offer cross-dimensional insurance products.
William Lee
“We are on track with our goal to achieve our vision of how future insurance works – autonomous insurance on-chain, as we transition from the old web2 world into a more interconnected world, with web3,”
said William Lee, Co-founder of YAS.
Andy Ann
“Over the past three years, we are grateful to all of our investment partners for supporting YAS. In particular, we are honoured to receive the capital injection from our strategic investor, Noria Capital, in this round of funding, whose Vision, Mission and Values (VMV) matches with YAS. We are also extremely pleased to receive the ongoing trust from 500Startups, JKL Capital and Beyond Venture.”
said Andy Ann, Co-founder of YAS.
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