About Coincover
Coincover is a company based in Cardiff (United Kingdom) founded in 2018 by Adam Smith and David Jancziewski.. Coincover has raised $41.71 million across 4 funding rounds from investors including Development Bank of Wales, Foundation Capital and CMT Digital. The company has 8 employees as of March 31, 2021. Coincover offers products and services including Protect, Recover, and Recover for Institutions. Coincover operates in a competitive market with competitors including Chainalysis, Hex Trust, CAT Labs, Hyperchain and Alterya, among others.
- Headquarter Cardiff, United Kingdom
- Employees 8 as on 31 Mar, 2021
- Founders Adam Smith, David Jancziewski
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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
*********
- Legal Name Digital Asset Services Ltd
- Date of Incorporation 11 May, 2018
- Jurisdiction CARDIFF, WALES
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$41.71 M (USD)
in 4 rounds
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Latest Funding Round
$30 M (USD), Series B
Feb 09, 2023
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Investors
Development Bank of Wales
& 10 more
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Employee Count
8
as on Mar 31, 2021
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Products & Services of Coincover
Coincover offers a comprehensive portfolio of products and services, including Protect, Recover, and Recover for Institutions. 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.
Real-time monitoring to safeguard crypto transactions against risks.
Assists in quickly regaining access to lost cryptocurrency assets.
Provides backup recovery for institutional crypto asset access.
Unlock access to complete
Funding Insights of Coincover
Coincover has successfully raised a total of $41.71M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in February 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $30.0M
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First Round
First Round
(17 Dec 2018)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Series B - Coincover | Valuation | Foundation Capital | |
| Jul, 2021 | Amount | Series A - Coincover | Valuation | 13books Capital | |
| Jul, 2020 | Amount | Seed - Coincover | Valuation | Insurtech Gateway |
| 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 |
Investors in Coincover
Coincover has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Development Bank of Wales, Foundation Capital and CMT Digital. 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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Venture capital firm focused on early-stage fintech, enterprise, web 3, consumer, and multiple sectors
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Founded Year | Domain | Location | |
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Early-stage blockchain technology companies are invested in by the firm.
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Founded Year | Domain | Location | |
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Private equity firm
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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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Coincover
| 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 - Coincover
| 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 |
Coincover Comparisons
Competitors of Coincover
Coincover 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 Chainalysis, Hex Trust, CAT Labs, Hyperchain and Alterya, 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 data platform insights for cryptocurrency are delivered.
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| domain | founded_year | HQ Location |
Custodian service for digital assets
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| domain | founded_year | HQ Location |
Digital asset recovery and cybersecurity tools are developed for governments.
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| domain | founded_year | HQ Location |
Blockchain platforms for enterprise fraud management are provided.
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| domain | founded_year | HQ Location |
Online platform offering data infrastructure for decentralized ecosystems
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Coincover
Frequently Asked Questions about Coincover
When was Coincover founded?
Coincover was founded in 2018.
Where is Coincover located?
Coincover is headquartered in Cardiff, United Kingdom. It is registered at Cardiff, Wales, United Kingdom.
Who is the current CEO of Coincover?
David Jancziewski is the current CEO of Coincover. They have also founded this company.
Is Coincover a funded company?
Coincover is a funded company, having raised a total of $41.71M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Dec 17, 2018.
How many employees does Coincover have?
As of Mar 31, 2021, the latest employee count at Coincover is 8.
What does Coincover do?
Coincover was founded in 2018 in Cardiff, United Kingdom, within the cryptocurrency sector. Safety solutions are delivered through a platform that integrates insurance with security measures to mitigate risks in digital asset investments. Suspicious transactions linked to unauthorized access are tracked continuously. Protection and recovery services are extended to secure investments, technologies, and associated companies across operations.
Who are the top competitors of Coincover?
Coincover's top competitors include Chainalysis, Hex Trust and CAT Labs.
What products or services does Coincover offer?
Coincover offers Protect, Recover, and Recover for Institutions.
Who are Coincover's investors?
Coincover has 11 investors. Key investors include Development Bank of Wales, Foundation Capital, CMT Digital, DRW Trading Group, and Valor Equity Partners.