Crypto insurance firm Evertas raises $14 million from Polychai | .

Crypto insurance firm Evertas raises $14 million from Polychain Capital

Crypto insurance firm Evertas secured $14 million in funding in a Series A round, according to a report from CoinDesk. Several angel investors also participated including former Coinbase executive Balaji Srinivasan and BH Digital's Colleen Sullivan.

Evertas is a specialist insurance firm for the crypto industry which offers insurance for everything from theft and loss in relation to crime and custody, to more niche services like coverage for malfunctioning smart contracts.The startup, founded in 2017, previously raised $5.8 million in a seed round this time last year led by Morgan Creek Digital, which also led Evertas' $2.8 million seed raise in 2020.

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