Coburg Ventures Raises $100 Million, Details Bitcoin-Powered Insurance Strategy
Coburg Ventures Raises $100 Million, Details Bitcoin-Powered Insurance Strategy Antonio Nio 10 April, 2021 Coburg Ventures has announced a $100 million raise of growth capital with strategic partnerships and hires for a bitcoin-powered insurance strategy. In an April 7, 2021 release, Coburg Ventures, the bitcoin-focused investment subsidiary of Stone Ridge, announced a $100 million raise of growth capital. Among the list of partners for this fundraise are Starr, Liberty Mutual Insurance, and other property and casualty insurers, joining Coburg Ventures existing partnership with New York’s MassMutual. This marks notable investment in a bitcoin-focused group by traditionally conservative companies. Coburg Ventures...