Soter Insure, a provider of specialised insurance products for the digital asset economy, has secured an undisclosed amount in its Series A funding round.
The investment was led by Galaxy, with participation from Brevan Howard Digital, Karatage, Token Bay, and Pharsalus, among others.
Headquartered in Abu Dhabi and operating out of Bermuda, Soter Insure also has offices in London, New York, and Dubai. The firm was incubated by Further Ventures and WebN Group and focuses on offering insurance solutions tailored to financial institutions in the digital asset space. Its products cover risks such as asset loss, directors and officers (D&O) liability, and smart contract failures, with policies available in both fiat and native digital assets.
With the Web3 sector rapidly expanding, a lack of adequate insurance solutions has been a major obstacle to broader institutional adoption. Soter Insure aims to bridge this gap by developing comprehensive insurance products designed specifically for the risks associated with decentralised technologies. The company seeks to provide greater confidence to both institutional and retail participants in the digital asset ecosystem.
The fresh funding will support Soter Insure’s expansion plans, particularly in scaling its underwriting and technology teams. The firm intends to strengthen its presence across key markets and enhance its risk management capabilities.
Soter Insure founder and CEO Henson Orser said, “Our mission at Soter is to set a new standard for risk management in the digital assets space. We are proud to have the support of Galaxy and our other Series A investors as we work to build innovative insurance products that meet the unique needs of the market. With this funding, we’ll continue to expand our offerings and grow our footprint globally, providing clients with trusted and transparent risk management solutions.”
Galaxy founder and CEO Mike Novogratz added, “Galaxy is excited to support Soter Insure in their mission to bring innovative insurance solutions to the digital asset ecosystem. Their tailored approach to risk management meets a crucial industry need, empowering digital asset holders and operators with confidence. We are excited to contribute to their growth and global expansion.”
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