Cryptoasset insurance startup Evertas has reportedly raised $2.8m in its seed funding round.
The investment was led by Morgan Creek, with participation also coming from Plug n Play, Kailash Ventures, RenGen, Vy Capital and Wavemaker Genesis, according to a report from UKTN.
In conjunction with the deal, Morgan Creek founder and CEO Mark Yusko will join the Evertas board of directors.
Evertas aims to help companies lower their exposure to cryptoasset related risk. The startup offers insurance cover for cryptoassets and blockchain users, protecting for incidents including loss and theft of private keys and crypto-assets, technology errors and omissions, privacy and cyber threats, and more.
The FinTech doesn’t only offer insurance. Clients can also access compliance and audit, and risk assessment and management tools to ensure a company can meet KYC, AML and other regulatory obligations.
Other services include incident management, asset recovery, litigation support, investigations, brand protection and intelligence.
Earlier in the year, cryptocurrency compliance startup Chainalysis added $13m to its Series B round more than a year after expanding the raise the last time. With the capital, the company is looking to improve its government relationships and bring the public and private sectors together
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