What is Cerchia?
Founded in 2020 and headquartered in Switzerland, with a representative office in Singapore, Cerchia operates at the intersection of insurtech and fintech. The company facilitates automated parametric event risk payouts and returns by connecting to specific trigger indices provided by certified agencies. Through the utilization of smart contracts, Cerchia enables direct transfer of event risk between protection buyers and sellers, fostering a decentralized market with demand and supply-driven pricing. This approach offers a cost-efficient, scalable, transparent, and secure solution for managing complex risk exposures.
How much funding has Cerchia raised?
Cerchia has raised a total of $1.4M across 1 funding round:
Other Financing Round
$1.4M
Other Financing Round (2023): $1.4M with participation from High-Tech Gründerfonds
Key Investors in Cerchia
High-Tech Gründerfonds
High-Tech Gründerfonds (HTGF) is a prominent pre-seed and seed investor in Germany, known for its focus on high-tech startups. They provide significant early-stage financial backing and leverage a robust network to support technological innovation across various sectors, including digital tech and climate deep tech.
What's next for Cerchia?
The recent major strategic investment in Cerchia signals a significant milestone, likely positioning the company for accelerated growth and market expansion. This infusion of capital is expected to bolster its technological development, enhance its market reach, and potentially drive further innovation in the parametric insurance sector. As Cerchia continues to mature, its focus will likely remain on refining its decentralized market pricing mechanisms and expanding its network of protection buyers and sellers, solidifying its role as a key player in the future of risk management.
See full Cerchia company page
