About Bitsure
Bitsure is a company based in Chicago (United States) founded in 2020 by Michael Groff was acquired by Evertas in July 2023.. Bitsure offers products and services including Property Insurance, Business Income Interruption Insurance, and Liability Insurance. Bitsure operates in a competitive market with competitors including Evertas, Meanwhile, InsurAce, Takadao and Ensuro, among others.
- Headquarter Chicago, United States
- Founders Michael Groff
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Bitsure
Bitsure offers a comprehensive portfolio of products and services, including Property Insurance, Business Income Interruption Insurance, and Liability Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Covers protection for cryptocurrency mining rigs and facilities.
Helps cover expenses during mining operation downtimes.
Provides coverage for legal risks in crypto mining activities.
Funding Insights of Bitsure
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Bitsure
Bitsure has secured backing from 1 investor. Prominent investors backing the company include Evertas. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Blockchain-focused risk, investigation, and intelligence services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Bitsure
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Bitsure
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitsure Comparisons
Competitors of Bitsure
Bitsure operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Evertas, Meanwhile, InsurAce, Takadao and Ensuro, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Blockchain-focused risk, investigation, and intelligence services are provided.
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| domain | founded_year | HQ Location |
Life insurance policies denominated in Bitcoin are offered to users.
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| domain | founded_year | HQ Location |
Decentralized protocol for insurance
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| domain | founded_year | HQ Location |
Blockchain-based mutual insurance and savings solutions are provided to communities.
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| domain | founded_year | HQ Location |
Decentralized capital provider for parametric insurance risk
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| domain | founded_year | HQ Location |
Blockchain-based risk management marketplace for DeFi liquidity providers is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Bitsure
When was Bitsure founded?
Bitsure was founded in 2020.
Where is Bitsure located?
Bitsure is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Bitsure?
Michael Groff is the current CEO of Bitsure. They have also founded this company.
What does Bitsure do?
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.
Who are the top competitors of Bitsure?
What products or services does Bitsure offer?
Bitsure offers Property Insurance, Business Income Interruption Insurance, and Liability Insurance.
Who are Bitsure's investors?
Bitsure has 1 investor. Key investors include Evertas.