Web3 insurtech startup Takadao has raised $1.5 million in seed funding, with participation from Hasan VC and others.

Odaily Planet Daily reports that Saudi Arabia-based Web3 insurtech startup Takadao has announced the completion of a $1.5 million seed funding round, with participation from Hasan VC, Syla Invest, Wahed Ventures, Ice Blue Fund, Istari Ventures, and Adverse. This brings its total funding to $3.1 million. The new funds will support its development of services including life insurance payouts and investment returns in stablecoin form, and will also facilitate expansion into markets such as Southeast Asia and the United States. (Scenenow)