Insurance firm Evertas completes seed stage funding and raises £2.2m

Evertas, an international cryptoasset insurance company, has announced that it has completed a Seed Stage funding round and raised £2.2m.

The funding 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, has joined Evertas’ Board of Directors.

Evertas, which focuses on covering institutional holders of cryptoassets including exchanges, custodians, traditional financial institutions, funds, family offices and ultra-high net worth individuals, will be using these funds to support its growth plans.

J Gdanski, CEO and Founder of Evertas, said: “We believe we are the only company in the world focused solely on providing insurance coverage for cryptoassets and users of blockchain systems. We are unique in that we offer the full suite of services for these assets – from risk audits, to underwriting, investigations and claims handling.

“Cryptoassets are increasingly being recognised by governments, regulators and industry bodies, and the sector will continue to enjoy rapid growth. We are well-positioned to capitalise on this and are doing so working directly with clients, but also through partnering brokers and carriers.”