What is Evertas?
Evertas operates as a specialized insurance provider dedicated to solving the unique risk challenges inherent in the crypto industry. By focusing on underwriting and risk mitigation, the company has become an indispensable partner for sophisticated carriers and institutional players. Currently, Evertas supports approximately 30% of global crypto underwriting, a testament to its technical expertise and regulatory foresight. The company's market position is defined by its ability to translate complex blockchain risks into insurable products, thereby facilitating broader adoption of digital assets among institutional investors who require high-level security and risk transfer mechanisms.
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 Wave Partners, CMT, RenGen, HashKey, Vy Capital, 4RC, Plug ‘n Play, Morgan Creek Digital, and Centrality
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 in the decentralized ecosystem.
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.
Morgan Creek Capital Management
Morgan Creek Capital Management is an asset manager that utilizes an endowment-like approach to investing, specializing in thematic secular trends including digital assets and innovative technology.
What's next for Evertas?
Looking ahead, Evertas is positioned to leverage its recent capital infusion to scale its underwriting capacity and expand its global footprint. As the regulatory environment for digital assets matures, the company is expected to play a pivotal role in standardizing insurance protocols for decentralized finance and institutional-grade custody solutions. The strategic focus will likely remain on enhancing proprietary risk assessment models and deepening partnerships with major global carriers to accommodate the increasing volume of institutional capital entering the crypto space. By maintaining its commitment to compliance and technical rigor, Evertas is well-equipped to lead the next phase of maturation in the digital asset insurance market.
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