Evertas, a Chicago, IL-based crypto insurance company, raised $14M in Series A funding.
The round was led by Polychain Capital, with participation from SinoGlobal Capital, CMT Digital Ventures, Foundation Capital, Morgan Creek, Bloccelerate, Matrixport, Hashkey, Balaji Srinivasan, Andrew Keys, Colleen Sullivan, Tom Howard, Patrick McDonald and David Roebuck.
The company intends to use the funds to expand its underwriting capacity, add key personnel and further develop proprietary enabling technologies and standards.
Led by CEO J. Gdanski and President Raymond Zenkich, Evertas is a cryptoasset insurance company focused on covering the full spectrum of crypto risks for institutional holders of cryptoassets and blockchain technology, including exchanges, custodians, traditional financial institutions, funds, family offices, corporations, miners, and net worth individuals. As a Lloyd’s coverholder, Evertas can write and service policies insuring custodial cryptoassets and blockchain infrastructure.
It is licensed to operate as a Class 3A Insurer by the Bermuda Monetary Authority.
FinSMEs
13/12/2022