TechFlow news, November 20: According to Scenenow, Takadao, a Saudi Arabia-based Web3 insurance technology startup, has announced the completion of a $1.5 million seed funding round. The round was participated by Hasan VC, Syla Invest, Wahed Ventures, Ice Blue Fund, Istari Ventures, and Adverse. To date, the company has raised a total of $3.1 million. The new funds will be used to support its services such as life insurance payouts and investment returns issued in stablecoin form, and to expand into markets including Southeast Asia and the United States.
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