About Bitsure
Bitsure is a Financial Services company based in Chicago (United States) founded in 2020 by Michael Groff, and was acquired by Evertas in July 2023. Cryptocurrency mining insurance is offered via an online platform. Its chief executive, as recorded, is Michael Groff. Bitsure offers products and services including Property Insurance, Business Income Interruption Insurance, and Liability Insurance. Its focus areas include FinTech, Cryptocurrencies, Insurance and Blockchain Technology. Its competitors include Evertas and Risk Harbor; 2 of its 2 listed competitors have raised funding.
Company details
Bitsure was founded in 2020 and is headquartered in Chicago, United States. The company operates in the insurance sector, focusing on cryptocurrency mining. Coverage is provided for property damage, business income interruption, and liability risks associated with mining operations. Blockchain technology is utilized to connect customer profiles with fiat-backed cryptocurrency transactions, facilitating secure policy management.
- Headquarters Chicago, United States
- Founders Michael Groff
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website bitsure.io
- Social LinkedIn X
- Acquired by Evertas (Jul 2023)
Products & Services of Bitsure
Bitsure offers a comprehensive portfolio of products and services, including Property Insurance, Business Income Interruption Insurance, and Liability Insurance.
Covers protection for cryptocurrency mining rigs and facilities.
Helps cover expenses during mining operation downtimes.
Provides coverage for legal risks in crypto mining activities.
Investors in Bitsure
Bitsure has secured backing from 1 investor. Prominent investors backing the company include Evertas.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Blockchain-focused risk, investigation, and intelligence services are provided. | 2017 | evertas.com | Chicago, United States |
Investor details for Bitsure
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People of Bitsure
1 people are tracked at Bitsure (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Groff | Co-Founder & CEO | Leadership |
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Timeline of Bitsure
2 dated milestones of Bitsure across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Bitsure is founded.
- Exit Acquired by Evertas.
Competitors of Bitsure
Bitsure has 2 listed competitors in our database, 2 of them funded. They include Evertas and Risk Harbor.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| evertas.com | 2017 | Chicago, United States | $22.6M | Blockchain-focused risk, investigation, and intelligence services are provided. | ||
| riskharbor.com | 2021 | San Francisco, United States | $3.25M | Blockchain-based risk management marketplace for DeFi liquidity providers is operated. |
Detailed competitors of Bitsure
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Top companies in Cryptocurrencies
3 companies that operate in the same segment as Bitsure (Cryptocurrencies) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 |
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Related news about Bitsure
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Frequently Asked Questions about Bitsure
Bitsure was founded in 2020.
Bitsure is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Michael Groff is the CEO of Bitsure, as recorded in our data. They have also founded this company.
Bitsure was founded in 2020 and is headquartered in Chicago, United States. The company operates in the insurance sector, focusing on cryptocurrency mining. Coverage is provided for property damage, business income interruption, and liability risks associated with mining operations. Blockchain technology is utilized to connect customer profiles with fiat-backed cryptocurrency transactions, facilitating secure policy management.
Bitsure's top competitors include Evertas and Risk Harbor.
Bitsure offers Property Insurance, Business Income Interruption Insurance, and Liability Insurance.
Bitsure has 1 investor. Key investors include Evertas.
Yes. Bitsure was acquired by Evertas in July 2023.