Nexus Mutual
82 St John Street, London, EC1M 4JN, United Kingdom
Overview
Nexus Mutual uses the power of blockchain technology and Ethereum to allow people from all over the world to share insurance risk together without the need for an insurance company. Nexus Mutual will initially launch with one product, earthquake cover.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Blockchain
- Decentralized Finance (DeFi)
- Financial Services
- Insurance
Investment portfolio
- Native
Led · Seed · Oct 2024
Native launched as a crypto specialist insurance broker with $2.6M in seed funding led by Nexus Mutual. The firm will offer on-chain cover, starting by providing $20 million of on-chain cover per risk. Native will also run a capital pool on Nexus Mutual and act as a managing general agent (MGA), participating in underwriting as well as distribution. Clients can pay in crypto or be paid in crypto in the event of a claim. Native's stated aim is to address chronic underinsurance in crypto by increasing capacity through connections to Nexus’s capital pools and by providing capital and underwriting support.