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Crypto insurance platform Coincover raises $9.2m as big firms seek safety

UK based cryptocurrency insurance platform raised $9.2m in Series A funding led by Element Ventures. FinTech Collective participated in the round.

“Hot wallet demand is something that’s growing a lot, ... You can also call them ‘warm,’ so cold, but with some sort of online component. To reach this point, we have worked very closely with the underwriters at Lloyd’s of London, and went through an education journey with them.”, said David Janczewski, CEO.

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insurance, insurtech, cryptocurrency, blockchain