Coincover, a digital asset protection company, has raised $30 million in funding led by Foundation Capital to protect people and their digital assets from hacks or human error, David Janczewski, CEO and co-founder of Coincover, shared with TechCrunch.
“We made this investment not in spite of the tumultuous year in crypto, but precisely because of it,” Charles Moldow, general partner at Foundation Capital, told TechCrunch. “One of the most significant limitations to digital asset adoption, at both the individual and institutional levels, is the fear of loss or theft of assets.”
The platform, which was founded in 2018 and launched in 2019, has raised $41.6 million to date, Janczewski said. Prior investors include Volt Capital, Avon Ventures, DRW Venture Capital, SMT Digital, Valor Equity Partners, Element, Fintech Collective and Susquehanna International Group, according to its website
