# Nayms

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

- Industry: Insurance
- Headquarters: UK
- Website: www.nayms.com
- Total disclosed funding: $8.1M
- Latest round: Seed (May 24, 2021)
- Investors on record: 10

## About

Nayms Limited, based in the UK, operates a regulated marketplace specializing in on-chain insurance solutions, facilitating insurance management via cryptocurrency for innovative financial services.Founded in 2019 in the UK, Nayms Limited serves as a regulated marketplace for on-chain insurance. The firm, co-founded by Dan Roberts and Theodore Georgas, has successfully completed a total of 6 deals, with their most recent funding round being a Seed round on April 20, 2023, where they raised USD 6.00 mn led by Cadenza Capital Management and other investors including Coinbase Ventures and Flow Ventures. Dan Roberts, the CEO, has been instrumental in the company's growth trajectory.Nayms operates a regulated marketplace for on-chain insurance, providing a platform for insurance providers to manage operations using cryptocurrency. Its key offerings, including Nayms Segregated Accounts, enable clients to create crypto-native captives for self-insurance, while complying with frameworks set by the Bermuda Monetary Authority. The platform connects brokers with alternative capital and unique underwriting opportunities, catering primarily to digital asset businesses and investors seeking innovative insurance solutions globally.Nayms generates revenue through transaction fees linked to trading participation tokens and the establishment of segregated accounts for self-insurance. Clients, such as insurers and brokers, engage on the platform via transactions that involve purchasing participation tokens, which indicate ownership over capital pools. Revenue structures include one-time setup fees for segregated accounts, ongoing transaction fees, and potential subscription fees for premium features, establishing a transparent marketplace for optimizing insurance operations.Following their most recent deal on April 20, 2023, Nayms Limited plans to utilize the funding to expedite its global business expansion and enhance product development and marketing efforts. The company aims to design and launch new products while targeting expansion into additional markets, although specific regions have not been disclosed. This strategic use of funding reflects Nayms' commitment to scaling its innovative platform and broadening its reach within the insurtech landscape.

## Funding rounds

- Seed, May 24, 2021, $6M — Very Ventures, Coinbase Ventures, LD Capital, XBTO Group, Maven11 Capital, Woodstock, DFG Elements, New Form, Cadenza Capital Management, Flow Ventures
- Seed, Mar 23, 2021, $2.1M — Coinbase Ventures, XBTO Group, Maven11 Capital

## Investors

- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- XBTO Group — Seed
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed
- Very Ventures (https://capitalatlas.ai/funds/very-ventures) — Seed
- LD Capital (https://capitalatlas.ai/funds/ld-capital) — Seed
- Woodstock (https://capitalatlas.ai/funds/woodstock) — Seed
- DFG Elements — Seed
- New Form (https://capitalatlas.ai/funds/new-form) — Seed
- Cadenza Capital Management (https://capitalatlas.ai/funds/cadenza-capital-management) — Seed
- Flow Ventures — Seed