Crypto insurance company Evertas secures $14m

Evertas, a crypto insurance company, has raised $14m in Series A funding to bring a “much-needed” risk transfer to the under-insured Web3 world.
The round was led by Polychain Capital.
Other participants in the round included SinoGlobal Capital, CMT Digital Ventures, Foundation Capital, Morgan Creek, Bloccelerate, Matrixport, and Hashkey. Individual investors include Balaji Srinivasan, Andrew Keys, Colleen Sullivan, Tom Howard, Patrick McDonald and David Roebuck.
In addition to $5.8m seed financing, puts the company’s total outside investment at $19.8m. Evertas said it will use the funding to expand underwriting capacity, add key personnel and further develop proprietary enabling technologies and standards.
Evertas was founded in 2017 by CEO J. Gdanski and president Raymond Zenkich. The company is focused on covering the full spectrum of crypto risks for institutional holders of cryptoassets and blockchain technology, including exchanges, custodians, traditional financial institutions, funds, family offices, corporations, miners, and ultra-high net worth individuals.
Based in Chicago, vertas can write and service policies insuring custodial cryptoassets and blockchain infrastructure.

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