Atlanta-based DeFi Startup Umoja Raises $2M for Asset Risk Management Primitive Development

01/10 01:12

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Atlanta-based DeFi startup Umoja has secured $2 million in funding from investors including Blockchain Founders Fund, Quantstamp, and Orange DAO. The funds will be used to expand the company's development efforts as it seeks to become the first DeFi asset risk management primitive. Umoja aims to enable decentralized hedging of real-world asset risks, including crypto, fiat, digital bonds, real estate, and commodities, representing a market opportunity worth $500 trillion. The company was founded by Robby Greenfield, the former Head of Social Impact at ConsenSys.

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