# Neptune Mutual: Information technology & services, Road Town, British Virgin Islands

> Neptune Mutual: Neptune Mutual is a decentralized parametric insurance protocol founded in 2021. Based in Road Town, British Virgin Islands. Founded 2021.

Source: https://millionrounds.com/startup/neptune-mutual (Millionrounds; every figure on the page links to its filing or article)

British Virgin Islands · [Information technology & services startup](https://millionrounds.com/companies)

# Neptune Mutual

Neptune Mutual is a decentralized parametric insurance protocol founded in 2021.

Email

Funding reported Last round: Undisclosed round

Information technology & services Road Town, British Virgin Islands

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Company summary

- **Founded:** 2021 5 years old
- **Team:** 6 1 to 10 people
- **Funding reported:** 10.1M as listed, currency not stated
- **Last round:** Undisclosed round May 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Neptune Mutual has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Neptune Mutual

Neptune Mutual is a decentralized parametric insurance protocol founded in 2021.

It offers DeFi cover policies that protect users against smart contract exploits, cryptocurrency exchange hacks, and custody provider failures. The protocol operates on a parametric coverage model, allowing for faster and more reliable payouts based on predefined parameters rather than individual claims. The company is headquartered in Road Town, Tortola, British Virgin Islands, and is legally registered as Neptune Tech Limited in the United Kingdom. It has raised approximately $10.05 million across three funding rounds, with notable investors including Coinbase Ventures and Animoca Brands. Neptune Mutual provides stablecoin-based cover pools and allows projects to create customized cover policies for their communities. The platform serves the DeFi, CeFi, and Metaverse sectors, facilitating a risk management marketplace for both policyholders and capital suppliers.

## What company datasets say Neptune Mutual raised

Funding, as reported

Reported in all **10.1M** in the source's currency

Rounds **3**

Last round **Undisclosed round**

Last round size **5.3M**

Last round date **May 2022**

Investors listed **34**

## On a portfolio page

Investors who name them

- [WebWise Capital](https://millionrounds.com/fund/webwise-capital)

Each firm lists Neptune Mutual on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

user experience information technology & services financial services b2c fintech services software development b2b cryptocurrency risk management finance technology ux

Built with from their website

Amazon SES YouTube MailChimp Google Workspace CloudFlare Viewport Meta Amazon Simple Email Service Google Meet CloudFlare CDN Cloudflare Insights

+8 more

Mobile Friendly Cloudflare DNS HTTP/3 Cloudflare Browser Insights Amazon AWS Prowly HSTS reCAPTCHA

- **Sector:** Information technology & services
- **Industry code:** NAICS 524126, SIC 6331
- **Region:** Tortola
- **Revenue:** 1M a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/neptune-mutual)

## Information technology & services in British Virgin Islands

Startups like it

- [**1inch Network** Road Town · founded 2020](https://millionrounds.com/startup/1inch-network)
- [**Pharos Network** Road Town · founded 2024](https://millionrounds.com/startup/pharos-network)
- [**Flare Network** founded 2019](https://millionrounds.com/startup/flare-network)
- [**Nibiru** Road Town · founded 2022](https://millionrounds.com/startup/nibiru-2)
- [**Dimitra Technology** Belize City · founded 2019](https://millionrounds.com/startup/dimitra-technology)
- [**Zeebu** founded 2023](https://millionrounds.com/startup/zeebu)
- [**Bazaars** Road Town · founded 2022](https://millionrounds.com/startup/bazaars)
- [**Vitreus** Road Town · founded 2023](https://millionrounds.com/startup/vitreus)

## Is this your company?

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