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§ Private Profile · 113 Cherry Street, Seattle, WA, United States
Autonomous protocol safeguarding cryptocurrency deposits for users in decentralized finance, a technology solution in the blockchain space.
Cozy Finance is a Seattle, Washington-based technology organization that develops an autonomous protocol designed to protect cryptocurrency deposits across decentralized finance applications. The platform operates within the blockchain sector, providing a technical safeguard for users interacting with complex smart contracts and digital asset ecosystems. Operating with a reported headcount of one to ten employees, the enterprise focuses on building risk mitigation infrastructure for the decentralized finance market. Because the company functions as a specialized security layer, its primary customer base consists of blockchain depositors seeking to hedge against potential smart contract vulnerabilities. While specific financial metrics regarding total funding raised, assets under management, corporate valuation, or active user counts remain undisclosed, the firm maintains its focus on protocol-level asset protection. Cozy Finance was originally founded in 2020 by co-founders Payom Dousti and Jessica Gregg.
Cozy Finance has raised $2.0M across 1 funding round.
Cozy Finance has raised $2.0M in total across 1 funding round.
Cozy Finance has raised $2.0M in total across 1 funding round.
Cozy Finance's investors include Avichal Garg, Blockfolio, Framework Ventures, Multicoin Capital, South Park Commons, Variant, Sung ho Choi, Zhen Cao, Edward Moncada, Spencer Noon, Dragonfly Capital, Robot Ventures.
Cozy Finance has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in September 2020.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2020 | $2M Seed | Avichal Garg | Blockfolio, Framework Ventures, Multicoin Capital, South Park Commons, Variant, Sung HO Choi, Zhen CAO, Edward Moncada, Spencer Noon, Dragonfly Capital, Robot Ventures, Slow Ventures, Volt Capital | Announced |
Cozy Finance is a DeFi technology company building Safety Modules, automated on-chain emergency funds that reimburse users up to a custom cap (e.g., $250,000 per user) in cases of hacks, exploits, missing funds, or bad debt.[1][3][4] It serves DeFi protocols and projects on Ethereum and potentially other chains, solving the critical problem of user fund losses—which total $30 million across DeFi since 2017—by enabling easy setup, flexible funding via stables, yield, or LP tokens, and trustless claims via DAO or third-party voting like UMA.[3][4] This boosts user confidence, fosters protocol growth, and supports ecosystem-wide protection through whitelisting and crowdsourced incentives, with under $5 million in total funding and fewer than 25 employees based in Seattle.[1]
Cozy Finance emerged as a decentralized, non-custodial risk management protocol on the Ethereum blockchain, with no specific founding year or founders detailed in available data, though it has secured under $5 million in one funding round.[1][5] The idea addresses DeFi's persistent security vulnerabilities, where despite audits and best practices, user losses hinder adoption; pivotal early development focused on Safety Modules as a "kickstart" solution using balance sheet funding before scaling via community incentives.[3][4] Headquartered at 113 Cherry St, Seattle, with a phone line in Rhode Island, it has maintained a lean operation amid DeFi's growth phase post-2020.[1]
Cozy Finance rides the DeFi security and insurance trend, capitalizing on over $1 billion in historical user losses to restore trust amid rising protocol adoption and chain expansions.[3] Timing aligns with maturing DeFi post-2022 exploits, where market forces like TVL growth and institutional entry demand reliable safeguards; it influences the ecosystem by enabling sustainable growth for protocols, crowdsourcing protection funds, and promoting chain-wide coverage to reduce systemic risk.[4] As a distributed protocol, it complements audits and insurance primitives, humanizing DeFi by prioritizing user reimbursements during crises.[3]
Cozy Finance is positioned to expand Safety Modules with features like full claims rollout and multi-chain support, potentially scaling to protect billions in TVL as DeFi TVL rebounds and real-world assets integrate.[3] Trends like AI-driven risk assessment, restaking yields for funding, and regulatory clarity on on-chain insurance will shape its path, evolving its influence from project-level tool to ecosystem standard—ultimately making DeFi as resilient as users need it to grow.[1][4] This directly builds on its core mission: turning hacks into recoverable moments, fueling the next wave of protocol innovation.