The funding follows a $2.1m seed round and supports the upcoming launch of the NAYM token.
"We were lucky enough to have such an oversubscribed round, allowing us to be highly selective with whom we brought into the project. The additional expertise across capital markets, legal and compliance, token economics and community building will continue to help us support the growing insurance movement within the digital asset space."
The seed round was led by SFC Capital to support sales expansion and customer onboarding.
"We’re incredibly excited to have SFC Capital on board. Their support and guidance throughout this seed round has been invaluable, we are also delighted that several of our existing investors have joined them in this round."
The funding round was led by Speedinvest to support the development of novel micro-LED production methods.
"It’s an entirely new engineered GaN material platform to build semiconductor devices on. It offers performance improvements that are suitable for mass production, scalable in wafer size – and crucial for the next generation of microdisplay devices such as AR glasses."
The oversubscribed round was backed by new investors including Solve Innovation Future to support international expansion.
"The pandemic accelerated the pace of innovation in education – fast-forwarding the use of technology in learning by years in just the space of a few months."