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Nexus Mutual
Crypto insurance provider
- 1-20 employees
- Fintech
- B2C
- Cryptocurrency
- Insurance
- SaaS
- Blockchain
- Web 3.0
- Holborn, London, UK
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Company mission
To build an ecosystem in which anyone can protect anyone else by sharing risk.
Our take
Insurance for blockchain currencies is a relatively recent occurrence in the market as the insurance industry has been relatively slow to lay its roots in currencies such as Ethereum. This is partially due to the fact that cryptocurrency has had to fight hard to be taken seriously. Additionally, the legacy insurance industry simply didn’t have the technology to make it possible. Even today, the majority of stakeholders in the multi-trillion dollar crypto industry remain uninsured.
Nexus Mutual has tapped into the increasing need for on-the-chain insurance, which became especially vital following the 2022 crypto crash and the rise in blockchain scams. Nexus Mutual has provided flexible and adaptable insurance for individuals, families, and crypto outfits and since 2019, has actioned $17 million worth of claims.
As a relatively new phenomenon in the tumultuous industry, Nexus has enjoyed substantial funding since its founding. In 2023, it partnered with staking service Chorus One and continues to forge partnerships to expand its currency coverage.
Kirsty
Company Specialist at Welcome to the Jungle
Company values
- Trustworthy
- Egalitarian
- Integrity
Funding (2 rounds)
Feb 2021
$2.7m
EARLY VC
Apr 2018
$0.3m
SEED
Total funding: $3m
Leadership
Hugh Karp
(Founder)Previous CFO of Munich Re, and former Actuary for Life Insurance at MLC & NAB Wealth.