# Evertas

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evertas

- Industry: Insurance
- Headquarters: Chicago, US
- Website: www.evertas.com
- Total disclosed funding: $22M
- Latest round: Series A (Aug 18, 2022)
- Investors on record: 19

## About

Evertas, Inc., based in Chicago, US, specializes in providing innovative insurance solutions tailored for the cryptocurrency sector, addressing the unique risks associated with blockchain technology.Founded in 2017 in Chicago, US, Evertas operates within the crypto insurance market, focusing on safeguarding digital assets through comprehensive policies. The company was initiated by J Gdanski and Raymond Zenkich. In August 2022, Evertas secured USD 13.6 mn in Series A funding led by Polychain Capital, with participation from various investors including AngelList and Foundation Capital. The latest funding round increased their total amount raised to USD 13.6 mn, reflecting their growth strategy and market interest.Evertas is the pioneer in the crypto insurance sector, offering comprehensive insurance solutions tailored specifically for the unique risks associated with cryptocurrency and blockchain technology. Their core product offerings include coverage for mining hardware, technology errors, digital asset theft or loss, insider theft, and protection for company leadership against third-party legal actions. These bespoke insurance policies are designed to meet the diverse needs of clients ranging from mining operations, crypto custodians, exchanges, investment funds, to family offices and technology firms. Evertas operates globally, with policy-writing authority across six continents, ensuring they can serve clients in various markets including North America, Europe, Asia, and beyond. The company’s insurance products are backed by Lloyd’s of London, signifying a high level of trust and security in their offerings.Evertas generates revenue through its tailored insurance policies, which are structured to address the specific needs of its clientele. Clients engage with Evertas through direct-to-consumer and B2B transactions, purchasing policies that provide coverage up to USD 360 mn per incident, which is notably one of the highest limits in the industry. Their flagship offerings include policies for mining property, digital assets, and liability coverage for company leadership, among others. Pricing plans for these insurance products are based on individual risk assessments and the specific requirements of each client, allowing for a custom approach that reflects the unique risks associated with the client's operations. This structured transaction model not only ensures that clients receive the necessary coverage but also facilitates streamlined claims processes and faster payouts.In August 2022, Evertas raised USD 13.6 mn in Series A funding, which will be utilized to expand its underwriting capacity, recruit key personnel, and develop proprietary technologies along with new insurance offerings. The company is targeting the expansion of its services into additional global markets, with specifics on the regions and timelines to be defined as part of their growth strategy.

## Funding rounds

- Series A, Aug 18, 2022, $14M — Foundation Capital, Morgan Creek Capital Management, SCC Capital Group, Polychain Capital, CMT Digital, HashKey Capital, Bloccelerate VC, Saison Capital, AngelList, TRGC, Ryze Labs, Matrixport Ventures
- Seed, May 25, 2021, $5.8M — Morgan Creek Capital Management, Plug and Play, Vy Capital, Wavemaker Genesis, RenGen LLC, CMT Digital, HashKey Capital, Fourth Revolution Capital, Centrality Inc.
- Seed, Jul 15, 2020, $2.8M — Morgan Creek Capital Management, Plug and Play, Vy Capital, Wavemaker Genesis, RenGen LLC, Kailash Ventures

## Investors

- Morgan Creek Capital Management — Seed, Series A
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Vy Capital (https://capitalatlas.ai/funds/vy-capital) — Seed
- Wavemaker Genesis (https://capitalatlas.ai/funds/wavemaker-genesis) — Seed
- RenGen LLC — Seed
- Kailash Ventures — Seed
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Seed, Series A
- HashKey Capital (https://capitalatlas.ai/funds/hashkey-capital) — Seed, Series A
- Fourth Revolution Capital (https://capitalatlas.ai/funds/fourth-revolution-capital) — Seed
- Centrality Inc. — Seed
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series A
- SCC Capital Group — Series A
- Polychain Capital (https://capitalatlas.ai/funds/polychain-capital) — Series A
- Bloccelerate VC (https://capitalatlas.ai/funds/bloccelerate-vc) — Series A
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Series A
- AngelList — Series A
- TRGC (https://capitalatlas.ai/funds/trgc) — Series A
- Ryze Labs (https://capitalatlas.ai/funds/ryze-labs) — Series A
- Matrixport Ventures (https://capitalatlas.ai/funds/matrixport-ventures) — Series A