What is Coincover?
Founded in 2018 and headquartered in Cardiff, United Kingdom, Coincover is a prominent player in the cryptocurrency security and assurance sector. The company provides robust solutions for individual investors, fund managers, professional traders, and corporate customers, partnering with leading cryptocurrency solution providers. Coincover's mission is to deliver security and assurance in the digital asset space, catering to a diverse clientele that spans retail to institutional levels.
How much funding has Coincover raised?
Coincover has raised a total of $39.2M across 2 funding rounds:
Series A
$9.2M
Other Financing Round
$30M
Series A (2021): $9.2M with participation from CMT Digital, Avon Ventures, FinTech Collective, DRW Venture Capital, Insurtech Gateway, Susquehanna Growth Equity, Volt Capital, Element Ventures, Development Bank of Wales, and Valor Equity Partners
Other Financing Round (2023): $30M led by Foundation Capital, Volt Capital, and Avon Ventures
Key Investors in Coincover
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise.
Volt Capital
Volt Capital is a company that operates in the Venture Capital & Private Equity industry. It employs 5to9 people and has 1Mto5M of revenue. The company is headquartered in San Francisco, California.
CMT Digital
CMT Digital is a global venture capital firm established in 2017, specializing in early-stage investments that promote the adoption of blockchain technology. With over 150 investments in blockchain and crypto-focused businesses, the firm leverages its unique perspective and strong network to support exceptional founders.
What's next for Coincover?
The substantial enterprise-level funding and recent strategic investment indicate Coincover is poised for significant scaling and expansion. This capital infusion will likely fuel further development of its security protocols, enhance its market reach, and potentially support strategic acquisitions or partnerships within the burgeoning cryptocurrency ecosystem. The company's focus on security and assurance positions it to capitalize on the increasing institutional adoption of digital assets.
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