Web3 startup Carapace raises $2.5 M from Titan Capital, others

San Francisco, CA (USA)-based Carapace platform, which connects buyers and sellers of protection against default risk for under-collateralized DeFi (decentralized finance) loans, has raised USD 2.5 million in pre-seed funding from Titan Capital and others including US-based NFX. The funds will be used to grow the technical team and launch the protocol which requires legal diligence and technical audits.