Wales-based Coincover has recently closed a growth funding round with significant investment from Insurtech Gateway and the Development Bank of Wales.
Philip Barratt and Jordan Thomas, from Capital Law’s corporate team, advised Coincover on the deal.
Founder, David Janczewski, had spent several years leading The Royal Mint’s blockchain-enabled digital gold initiative and providing advice to other blockchain projects, before founding Coincover in 2018.
In just two years, Coincover finds itself at the leading edge of the nascent digital asset insurance sector. The company uses innovative solutions to help crypto businesses to reduce the risks and barriers to digital asset adoption and address the security concerns of investors – ultimately facilitating the mass-market adoption of cryptocurrencies.
The investment will help the company meet the growing demands from the cryptocurrency market, as well as seizing opportunities for international expansion.
You can read more about the deal here.