What is Evertas?
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:
Angel/Seed
$5.8M
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