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

Asset hedging agreement Umoja announced that it has raised $2 million in its second seed round of financing. Coinbase, 500 Global, Quantstamp, Blockchain Founders Fund, Orange DAO, Hyperithm, Psalion, and Avalanche's Blizzard Fund participated. So far, Umoja has raised a total of $4 million in seed funding. Umoja was founded by Robby Greenfield, former head of social impact business at ConsenSys, to help users invest in loss insurance like hedge funds to ensure their financial health and introduce asset risk management in the DeFi field. (Cointelgraph)