Evertas, a Chicago, IL-based crypto insurance coverage firm, raised $14M in Series A funding.
The spherical 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 firm intends to make use of the funds to develop its underwriting capability, add key personnel and additional develop proprietary enabling applied sciences and requirements.
Led by CEO J. Gdanski and President Raymond Zenkich, Evertas is a cryptoasset insurance coverage firm centered on masking the complete spectrum of crypto dangers for institutional holders of cryptoassets and blockchain know-how, together with exchanges, custodians, conventional monetary establishments, funds, household workplaces, firms, miners, and web value people. As a Lloyd’s coverholder, Evertas can write and repair insurance policies insuring custodial cryptoassets and blockchain infrastructure.
It is licensed to function as a Class 3A Insurer by the Bermuda Monetary Authority.