Evertas, a Chicago, IL-based cryptoasset insurance company, raised $2.8m in seed funding.
The round was led by Morgan Creek, who were joined by Plug n Play, Kailash Ventures, RenGen, Vy Capital and Wavemaker Genesis. Mark Yusko, Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management & Managing Partner of Morgan Creek Digital Assets, joined Evertas’ Board of Directors.
The company will be using the funds to support its growth plans.
Founded in 2017 by J Gdanski, CEO, Evertas focuses on covering institutional holders of cryptoassets including exchanges, custodians, traditional financial institutions, funds, family offices and ultra-high net worth individuals. Earlier this year, the company received its licence from the Bermuda Monetary Authority to start operating from the jurisdiction. It operates as a ‘Class 3A’ insurer. Evertas, which rebranded from BlockRe, In February 2020, says it has a world-leading team led by an experienced group of executives including the founding Chief Insurance Officer (and founding member) of Lemonade, a blockchain team leader at Bank of New York, and a blockchain industry insurance expert.
FinSMEs
15/07/2020