Insrt Labs Closes $2.2 Million Pre-Seed Round Led by Hashkey Capital and Infinite Capital

Insrt Labs, the core contributor of the Insrt Finance protocol, closed a $2.2 million Pre-Seed round led by Hashkey Capital and Infinite Capital, with participation from Sky9 Capital, Polygon's head of DeFi Hamzah Khan, and others. Lauris Zvirbulis, co-founder and CEO of Insrt Labs, said the funding was realized via a simple agreement for future tokens (SAFT).

Insrt Finance went live last December, allowing users to acquire NFT exposure and earn returns. It is built on Ethereum but has plans to support other blockchains in the near future. Zvirbulis said Insrt plans to launch "omnichain ShardVaults with a partner in the space in the coming two months" and looks to also work with Polygon. The Insrt token is expected to launch in the third quarter of this year.