How Much Did Evertas Raise?
Funding & Key Investors

Evertas has solidified its position as a critical infrastructure provider within the digital asset ecosystem, securing significant capital to scale its specialized insurance operations. With a total funding accumulation of $19.8M, the firm has successfully navigated multiple rounds of financing, most recently closing a major strategic investment of $14M. This capital injection underscores the growing institutional demand for robust risk mitigation solutions in the volatile cryptocurrency market, positioning Evertas as a cornerstone for global underwriting standards.

The company's trajectory reflects a clear maturation from its inception in 2017 to its current status as a dominant force in the sector. By securing backing from top-tier venture firms, Evertas has demonstrated the viability of its business model, which now supports approximately 30% of global crypto underwriting. This financial momentum provides the necessary runway to expand its product suite and deepen its penetration into the enterprise-level insurance market.

What is Evertas?

Evertas
Insurance

Evertas operates as a specialized insurance underwriter dedicated to solving the complex risk management challenges inherent in the cryptocurrency and blockchain sectors. By providing comprehensive coverage for digital assets, the company bridges the gap between traditional insurance methodologies and the unique requirements of decentralized finance. Its market position is defined by its ability to serve the most sophisticated carriers in the industry, effectively acting as a risk-transfer mechanism that enables institutional participation in the crypto economy. Through its proprietary underwriting framework, Evertas has established itself as a trusted partner for entities seeking to mitigate exposure to cyber threats, custody risks, and operational vulnerabilities.

How much funding has Evertas raised?

Evertas has raised a total of $19.8M across 2 funding rounds:

2021

Angel/Seed

$5.8M

2022

Series A

$14M

Angel/Seed (2021): $5.8M with participation from Plug ‘n Play, Wave Partners, CMT, HashKey, 4RC, Vy Capital, RenGen, Centrality, and Morgan Creek Digital

Series A (2022): $14M led by Polychain Capital, Foundation Capital, Morgan Creek Capital Management, and Sino Global Capital

Key Investors in Evertas

Polychain Capital

Polychain Capital is a premier investment firm focused on cryptocurrency protocols and blockchain-based assets, known for its deep technical expertise and early-stage support of transformative decentralized technologies.

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.

Morgan Creek Capital Management

Morgan Creek Capital Management is an asset manager specializing in thematic investments, focusing on secular trends such as digital assets, innovative technology, and next-generation financial models.

What's next for Evertas?

Looking ahead, Evertas is poised to leverage its recent capital infusion to accelerate its global expansion and enhance its technological infrastructure. The firm is expected to focus on scaling its underwriting capacity to meet the increasing demand from institutional clients who require high-limit, reliable coverage for their digital asset portfolios. Furthermore, the strategic alignment with its diverse investor base suggests a roadmap centered on product innovation, potentially exploring new insurance verticals such as decentralized protocol coverage and advanced smart contract auditing. As the regulatory landscape for digital assets continues to evolve, Evertas is well-positioned to lead the industry in establishing standardized risk assessment protocols, thereby fostering greater stability and trust within the broader crypto-financial ecosystem.

See full Evertas company page
See More Financial Insights
No matching results.
Refine your search.

Additional financial insights in the Insurance industry

Insurance
Insurance
InsuranceBusiness ServicesHuman Resources Management Systems (HRMS)
InsuranceReal Estate

Frequently Asked Questions Regarding Evertas Financial Insights

What are the most recent funding rounds that Evertas has completed, and what were the funding rounds?
Evertas has recently completed 2 funding rounds: Series A on Dec 12, 2022, Angel/Seed on May 25, 2021.
What is the total amount of funding Evertas has raised to date?
Evertas has raised a total of $19.8M in funding to date.
How many funding rounds has Evertas completed?
Evertas has completed 2 funding rounds.
How much funding did Evertas raise in its most recent funding round?
Evertas raised $14M in its most recent funding round.
Who are the lead investors in Evertas's latest funding round?
The lead investor in Evertas's latest funding round was Polychain Capital. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Evertas's history?
The largest funding round in Evertas's history was $14M.
See more information about Evertas