{"id":73934,"date":"2023-02-10T18:30:11","date_gmt":"2023-02-10T16:30:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=73934"},"modified":"2025-09-09T17:09:58","modified_gmt":"2025-09-09T14:09:58","slug":"coincover-raises-30-million-in-funding-led-by-foundation-capital","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coincover-raises-30-million-in-funding-led-by-foundation-capital\/","title":{"rendered":"Coincover raises $30 million in funding led by Foundation Capital"},"content":{"rendered":"<p>Coincover, a service that protects and insures digital assets, has raised $30 million in a round led by Foundation Capital.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 STOP THE CLOCK <\/p>\n<p>In defiance of the <a href=\"https:\/\/twitter.com\/hashtag\/cryptowinter?src=hash&#038;ref_src=twsrc%5Etfw\">#cryptowinter<\/a>, we\u2019re pleased to announce $30M in funding with the support of <a href=\"https:\/\/twitter.com\/FoundationCap?ref_src=twsrc%5Etfw\">@FoundationCap<\/a> , adding fuel to our mission to make <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#crypto<\/a> safe for everyone to hold and use. \ud83d\udd12 <\/p>\n<p>Read more here: <a href=\"https:\/\/t.co\/RQdgwXWf9z\">https:\/\/t.co\/RQdgwXWf9z<\/a> <a href=\"https:\/\/t.co\/0PC2BDN3iA\">pic.twitter.com\/0PC2BDN3iA<\/a><\/p>\n<p>\u2014 Coincover (@Coincoverglobal) <a href=\"https:\/\/twitter.com\/Coincoverglobal\/status\/1623728358335864832?ref_src=twsrc%5Etfw\">February 9, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The names of the other investors were not disclosed. According to Coincover, the funds raised will help grow the client base and expand the range of services.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This new funding will accelerate hiring, product updates, and partnerships to protect the crypto ecosystem. Given that last year $3 billion was stolen in hacker attacks, and with crypto regulation expected in 2023, the opportunities are enormous,&#8221; said Charles Moldow, General Partner at Foundation Capital.<\/p>\n<\/blockquote>\n<p>The British startup provides protection and insurance coverage for crypto investors and companies.<\/p>\n<p>In 2021, Coincover raised $9.2 million in a Series A round. The funds were provided by Valor Equity Partners, Susquehanna Private Equity Investments, LLLP and DRW Venture Capital.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I would say we are seeing a substantial uptick in demand from a broad range of clients who, when I speak with any of them, are eager to take the initiative when thinking about protecting client assets,&#8221; said Coincover co-founder David Yanchevski in an interview with The Block.<\/p>\n<\/blockquote>\n<p>In March 2020, the crypto custody service BitGo offered additional insurance coverage for &#8220;cold&#8221; wallets. For &#8220;hot&#8221; wallets, protection could be purchased through Coincover.<\/p>\n<p>In December 2022, insurers <a href=\"https:\/\/forklog.com\/en\/news\/insurers-curb-coverage-of-crypto-firms-risks-after-the-ftx-collapse\">limited risk coverage<\/a> for clients involved in FTX&#8217;s bankruptcy proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coincover, a digital-asset protection and insurance service, raised $30 million in a round led by Foundation Capital.<\/p>\n","protected":false},"author":1,"featured_media":73935,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[508,1133],"class_list":["post-73934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-insurance","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=73934"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73934\/revisions"}],"predecessor-version":[{"id":73936,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/73934\/revisions\/73936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/73935"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=73934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=73934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=73934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}