What is Evertas?
Founded in 2017, Evertas was established to address the critical insurance challenges within the cryptocurrency industry. The company has since become a key player, supporting approximately 30% of global underwriting in the crypto space. Evertas partners with some of the largest and most sophisticated carriers operating in the digital asset market, providing essential risk management and insurance products tailored to the unique demands of blockchain technology and digital assets. Their expertise is crucial for fostering trust and stability in the crypto ecosystem.
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 RenGen, HashKey, 4RC, Plug ‘n Play, Morgan Creek Digital, Centrality, Wave Partners, CMT, and Vy Capital
Series A (2022): $14M led by Morgan Creek Capital Management, Polychain Capital, Sino Global Capital, and Foundation Capital
Key Investors in Evertas
Morgan Creek Capital Management
Morgan Creek Capital Management is an asset manager with a focus on opportunistic investments and secular trends, including digital assets. Their involvement suggests a strategic alignment with Evertas's mission in the crypto financial space.
Polychain Capital
Polychain Capital is a prominent investor in cryptocurrency protocols and blockchain-based assets, specializing in the digital asset ecosystem. Their participation highlights Evertas's significance within the crypto investment community.
Sino Global Capital
Sino Global Capital provides access to international capital markets for companies and investors, with a broad industry focus. Their investment in Evertas indicates a belief in the global potential of crypto-specific financial services.
What's next for Evertas?
The recent major strategic investment signals a pivotal phase for Evertas, likely enabling the company to scale its operations, enhance its product offerings, and potentially expand into new geographic markets or asset classes. With substantial backing, Evertas is well-positioned to solidify its leadership in crypto insurance, further developing its underwriting capabilities and risk assessment models. This capital will be instrumental in navigating the evolving regulatory and technological landscape of digital assets, ensuring Evertas remains at the forefront of protecting crypto-native businesses and assets.
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