Carapace focuses on decentralized finance (DeFi) investments, specifically in the area of credit default risk protection. The firm operates in the cryptocurrency and blockchain sector, providing on-chain protection markets for DeFi investments. While specific investment stages or amounts are not mentioned, Carapace appears to be involved in early-stage DeFi projects.
Carapace offers a unique value proposition by allowing investors to earn yields through providing capital for credit default risks in under-collateralized loans. The platform enables users to lend money with protection, aiming to deliver risk-adjusted yields. Carapace is backed by notable supporters, including entrepreneurs Amy Sun and Chase Ad, indicating strong industry connections and expertise in the DeFi space.
Carapace - Quick Facts
When was Carapace founded?
Carapace was founded in 2021.
Where is Carapace's headquarters located?
Carapace's headquarters is located in San Francisco, CA, US.
When was Carapace's last funding round?
Carapace's most recent funding round was for $2.5M (USD) in October 2022.
How much disclosed funding has Carapace raised?
As of Oct 20, 2022, Carapace has disclosed funding of $2.5M (USD). Undisclosed round amounts are excluded.