UAE's Soter Insure secures fresh Series B investment from SC Ventures, SBI Group
UAE-headquartered insurtech Soter Insure has secured an additional Series B investment from SC Ventures, Standard Chartered's venture arm, and Japan's SBI Group, alongside follow-on funding from existing investor Token Bay Capital. The amount raised in this second close was not disclosed. The investment extends a Galaxy-led Series B round, whose first close was announced in July 2026, with…
UAE-based insurtech company, Soter Insure, has secured a fresh Series B investment from SC Ventures, Standard Chartered's venture arm, and Japan's SBI Group. The funding round, led by Galaxy, also saw participation from Token Bay Capital, Coinbase Ventures, Franklin Templeton, and Brevan Howard Digital. The undisclosed amount brings the total raised from the Series B round, which is a follow-on to Galaxy's initial Series B round announced in July 2026.
Soter Insure offers specialized insurance coverage for financial institutions operating in digital assets, including protection against cyber-related losses, crime, professional liability, and smart contract failures. The company, founded by Henson Orser and incubated by Further Ventures and WebN Group, is headquartered in Abu Dhabi with offices in Bermuda, London, New York, and Dubai.
The fresh capital will allow Soter Insure to expand its insurance capacity, strengthen underwriting and technology capabilities, and enter new markets, including Asia-Pacific, Europe, and the US through its Hong Kong presence. The investment from two global financial groups, SC Ventures and SBI Group, highlights the growing recognition of the need for specialized coverage in the digital asset ecosystem for banks and asset managers to apply risk standards akin to other asset classes.
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