Bright Union

Bright Union is a DeFi Insurance market place, our mission is to safeguard your digital assets from hacks, smart contract failures, and rug pulls by empowering the crypto community to cover one another in a decentralized and permissionless manner.

Basic details

Amount raising

€

1.5M

Monthly revenue range

€1K - €5K

Location

Noord-Holland

Industry

DeFi, InsurTech, Blockchain, Insurance

Website

https://brightunion.io/

Founders

Last updated:

March 3, 2022

Key Achievements

**FEBRUARY **-Bright Union was born **MAY **-Team grows from 5 to 13 people**JUNE **- Winner in ETH Global Hackathon **JULY **- Seed and Private funding round closed (total raised including: IDO $1m) **AUGUST **-Trifold IDO sold out, Bright Staking Live - Community Growth to 30k members.SEPTEMBER -Mainnet Launch with three partners, Exchange Listing, Team grown to 15 people
**OCTOBER **-Launch Multi-chain **NOVEMBER - **Software development kit deployed, First two SDK partners live Start development of Bright Risk Index **DECEMBER - **Loyalty Program Launched, Launch NFT campaign, Nominated Dutch Blockchain Award JANUARY - Launch Bright Risk Index, the safest, easiest and most diversified way to act as an 'insurer' in the DeFi Insurance industry and earn higher yields (20-30% APY).

Premium Details Available

Growth rate (month over month)
Contextual explanation on monthly revenues
Number of paying customers
Number of active users
Percentage of company owned by founders
Amount raised in the past
Is there a lead investor?
Amount in this round already committed
When aiming to close this round?

Percentage of their time founders are spending on this.
Is there a founder with previous c-level or founder experience?
Is there a founder with exit experience?
Is there a founder with previous sector experience?
Is there a women founder with at least 5% in the team?
Year founded

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Premium Details

(Data is self reported)

Growth rate month over month

>16%

Monthly revenue context

We've just started to gain traction. Going from 2 covers sold in september (after deploying mainnet) to 70+ covers today.

Number of paying customers

Monthly active users

1200

How much have you raised in the past?

Do you have a lead investor?

How much of this round already committed?

When are you aiming to close this round?

Patent status

Year founded

2021

How much time do the founders spend on the business?

Is there a founder with previous co-founder / c-level at startup experience?

Is there a founder with previous Sector Experience?

Is there a founder with previous Exit Experience?

What percentage of company is owned by founders?

<50% owned by founders

Is there a women founder with at least 5% of the shares?

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