Cryptocurrency insurance company Coincover completes $30 million funding, led by Foundation Capital

2023-02-09 21:12:36

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ChainCatcher news, digital asset protection and insurance provider Coincover has completed a $30 million financing round, led by Silicon Valley investment firm Foundation Capital. The funds will be used for talent recruitment, product iteration, and seeking new partnerships. Coincover offers asset protection-related products for businesses, infrastructure providers, and consumers to avoid losses from hacks or human errors.

The company collaborates with over 300 businesses, including cryptocurrency custodian Fireblocks and cryptocurrency exchange platform Bitso. In July 2021, Coincover completed a $9.2 million Series A financing round, led by Element Ventures, with participation from DRW Venture Capital and Susquehanna Private Equity Investments. (source link)

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