Digital Asset Services raises £400k in a seed round to build cryptocurrency security and insurance products.
The funding round was led by angel investor Ashley Cooper with participation from Angels Invest Wales and Hambro Perks Insurtech Gateway.
Share allotment filed at Companies House
Digital Asset Services is developing security and insurance products built on blockchain infrastructure to mitigate the risks associated with holding and using cryptocurrencies.
Digital Asset Services has secured £400k in a seed funding round backed by Angels Invest Wales and a syndicate of angel investors. The financing also saw participation from Hambro Perks Insurtech Gateway.
Led by Ashley Cooper, the funding will be deployed to expand the company team, launch its inaugural product, and drive international expansion.
Investor perspective
"David and his co-founders make an impressive team who have developed a massively scalable, market leading technology that addresses a real need in a huge growth sector. Our investment syndicate is excited to be backing DAS and I am delighted to have led this funding round accessing the Wales Angel Co-investment Fund."
Ashley Cooper
Incoming Chairman, Ashley Cooper
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
Ashley Cooper
Ashley Cooper
Steve Holt
Angels Invest Wales
Pragmatica
Phil Buck
Sunnybarn Investments
Hambro Perks Insurtech Gateway
Categories
About the company
Digital Asset Services
Digital Asset Services builds blockchain based security and insurance products for cryptocurrency holdings.