• Evertas

  Led · Seed · May 2021

  Evertas is a Chicago, IL-based cryptoasset insurance company focused on covering the full spectrum of crypto risks for institutional holders of cryptoassets and blockchain technology. It covers exchanges, custodians, traditional financial institutions, funds, family offices, corporations, miners and net worth individuals. As a Lloyd’s coverholder, Evertas can write and service policies insuring custodial cryptoassets and blockchain infrastructure. The company is licensed to operate as a Class 3A Insurer by the Bermuda Monetary Authority. Led by CEO J. Gdanski and President Raymond Zenkich, Evertas intends to use new funding to expand underwriting capacity, add key personnel and further develop proprietary enabling technologies and standards. The company closed a $14M Series A to support those plans. Evertas has developed comprehensive underwriting tools and a framework for crypto, including blockchain and DLT systems. It offers an end-to-end insurance product for crypto that includes claims handling and comprehensive risk-management processes. The company says these capabilities allow it to underwrite and scale insurance products for the crypto ecosystem. Led by CEO J. Gdanski and President Raymond Zenkich, Evertas is headquartered in Chicago, IL. It raised $5.8M in seed funding and will use the proceeds to accelerate product development and build out infrastructure. The team also counts a number of industry operators and individual investors among its backers. Evertas provides insurance coverage for institutional holders of cryptoassets, including exchanges, custodians, traditional financial institutions, funds, family offices and ultra-high-net-worth individuals. The company focuses on underwriting risks faced by institutional crypto participants and operates as a licensed insurer. Founded in 2017 and rebranded from BlockRe, Evertas received a Class 3A licence from the Bermuda Monetary Authority earlier in 2020 to begin operating from that jurisdiction. The team includes experienced executives such as the founding Chief Insurance Officer of Lemonade and senior blockchain insurance and banking veterans. Evertas will use the seed funding to support its growth plans. The company emphasizes its world-leading team as it scales operations in the institutional crypto insurance market.

No current team members are available.