About Nexus Mutual
Nexus Mutual is a company based in London (United Kingdom) founded in 2017 by Hugh Karp.. Nexus Mutual has raised $258.67 thousand across 1 funding round from investors including KR1 plc. The company has 5 employees as of August 31, 2023. Nexus Mutual offers products and services including Cover, Fund Portfolio Cover, Yield Token Cover, and Custody Cover. Nexus Mutual operates in a competitive market with competitors including IoTeX, Synthetix, Dash, Biconomy and Origin Protocol, among others.
- Headquarter London, United Kingdom
- Employees 5 as on 31 Aug, 2023
- Founders Hugh Karp
-
Sectors
TechnologyFinancial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Nexus Mutual Limited
- Date of Incorporation 16 Aug, 2017
- Jurisdiction LONDON, UNITED KINGDOM
-
Annual Revenue
-
Net Profit
$2.91 M (USD)-85as on Aug 31, 2022
-
EBITDA
-
Total Equity Funding
$258.67 K (USD)
in 1 rounds
-
Latest Funding Round
$258.67 K (USD), Seed
Apr 04, 2018
- Investors
-
Employee Count
5
as on Aug 31, 2023
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Nexus Mutual
Nexus Mutual offers a comprehensive portfolio of products and services, including Cover, Fund Portfolio Cover, Yield Token Cover, and Custody Cover. 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.
Protects against DeFi risks through decentralized underwriting.
Secures investment funds from common DeFi threats.
Guards interest-bearing tokens against depegging events.
Protects assets on centralized exchanges from losses.
Unlock access to complete
Funding Insights of Nexus Mutual
Nexus Mutual has successfully raised a total of $258.67K through 1 strategic funding round. The most recent funding activity was a Seed round of $258.67 thousand completed in April 2018. 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 1
- Last Round Seed — $258,673
-
First Round
First Round
(04 Apr 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2018 | Amount | Seed - Nexus Mutual | Valuation | KR1 |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nexus Mutual
Nexus Mutual has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include KR1 plc. 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 |
|---|---|---|---|---|
|
KR1 plc is focused on digital asset investments and decentralized technologies.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Nexus Mutual
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Nexus Mutual
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nexus Mutual Comparisons
Competitors of Nexus Mutual
Nexus Mutual 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 IoTeX, Synthetix, Dash, Biconomy and Origin Protocol, 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-based connectivity for IoT applications is facilitated.
|
|
| domain | founded_year | HQ Location |
Derivatives liquidity protocol
|
|
| domain | founded_year | HQ Location |
Dash is recognized as a digital cash cryptocurrency solution.
|
|
| domain | founded_year | HQ Location |
Blockchain infrastructure for Web3 experiences is provided.
|
|
| domain | founded_year | HQ Location |
A blockchain platform is provided for building decentralized marketplaces.
|
|
| domain | founded_year | HQ Location |
Scalable blockchain interoperability protocols are developed for enhanced network security.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Nexus Mutual
Frequently Asked Questions about Nexus Mutual
When was Nexus Mutual founded?
Nexus Mutual was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Nexus Mutual located?
Nexus Mutual is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Nexus Mutual a funded company?
Nexus Mutual is a funded company, having raised a total of $258.67K across 1 funding round to date. The company's 1st funding round was a Seed of $258.67K, raised on Apr 04, 2018.
How many employees does Nexus Mutual have?
As of Aug 31, 2023, the latest employee count at Nexus Mutual is 5.
What does Nexus Mutual do?
Nexus Mutual was founded in 2017 in London, United Kingdom, as a blockchain-based peer-to-peer insurance platform. Coverage is extended to smart contracts, specific events, and cryptocurrency wallets. Risk assessments are conducted, and claims are processed through the platform. Operations focus on decentralized insurance solutions within the blockchain sector, serving users globally.
Who are the top competitors of Nexus Mutual?
What products or services does Nexus Mutual offer?
Nexus Mutual offers Cover, Fund Portfolio Cover, Yield Token Cover, and Custody Cover.
Who are Nexus Mutual's investors?
Nexus Mutual has 1 investor. Key investors include KR1 plc.