# Opencover

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: https://opencover.com/
- Total disclosed funding: $4.6M
- Latest round: Seed (Sep 7, 2023)
- Investors on record: 6

## About

Based in California, US, and co-founded by Jeremiah Smith and Yury Oparin, Opencover operates as a software development company offering information on blockchain insurance and DeFi cover. In September 2023, the firm raised USD 4.6 million in seed funding co-led by returning investors Jump Crypto and NFX, with participation from other investors Alliance, Orange DAO, Village Global, and Coinbase Ventures. The firm as of September 2023, has offices in California, US, and London, UK.

The company provides data, news, and insights related to decentralized finance (DeFi) insurance alternatives, commonly known as DeFi cover. OpenCover’s DeFi cover data empowers users to compare cover providers, assess risks, and make informed decisions to protect their crypto portfolios. As of September 2023, the company’s platform tracks 96.7% of DeFi cover activity across multiple blockchain networks, including Ethereum, Polygon, Arbitrum, Optimism, BNB Smart Chain, Astar, and Avalanche. Users can access data on the total value locked (TVL), active cover amount, covers sold, claims, payouts, etc. OpenCover's platform provides a full view of DeFi insurance alternatives as well as offers a newsletter, The Alpha Memo, providing insider views on DeFi cover, risk, and security.

## Funding rounds

- Seed, Sep 7, 2023, $4.6M — NFX, Village Global, Coinbase Ventures, Jump Crypto, Orange DAO, Alliance DAO

## Investors

- NFX (https://capitalatlas.ai/funds/nfx) — Seed
- Village Global (https://capitalatlas.ai/funds/village-global) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Jump Crypto — Seed
- Orange DAO — Seed
- Alliance DAO — Seed