Soter Insure raises Series A led by Galaxy

Soter Insure , a provider of insurance solutions for the digital asset economy, has closed its Series A funding round led by Galaxy, with participation from Brevan Howard Digital, Karatage, Token Bay, and Pharsalus.

Headquartered in Abu Dhabi and operating from Bermuda, Soter Insure was incubated by Further Ventures and WebN Group. The company offers insurance products for financial institutions, covering risks such as asset loss, Directors & Officers (D&O) liability, and smart contract failures, with policies denominated in both fiat and digital assets.

As institutional adoption of Web3 grows, insurance gaps remain a barrier. Soter Insure aims to bridge this gap by expanding its underwriting and technology capabilities, scaling operations across key markets.

“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.” – Henson Orser, Founder and CEO of Soter Insure.

“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.” – Mike Novogratz, Founder and CEO of Galaxy.