OpenCover's mission is to help DeFi users protect themselves against technical and economic risks.
Location: United Kingdom, England, London
Employees: 1-10
Total raised: $4.6M
Investors 1
| Date | Name | Website |
| 22.03.2023 | Alliance D... | alliance.x... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 08.09.2023 | - | $4.6M | - |
Mentions in press and media 10
| Date | Title | Description |
| 02.04.2026 | OpenCover launches Covered Vaults, the first primitive for vault-native risk transfer | Covered Vault Launch Partners Built with Nexus Mutual and more than 15 design and launch partners, Covered Vaults introduce a new safety standard for onchain capital allocation. Zero risk does not exist in traditional finance, and it will n... |
| 13.01.2026 | OpenCover Brings Institutional-Grade Risk Transfer to Cap | OpenCover Brings Institutional-Grade Risk Transfer to Cap The option to transfer risk is rapidly becoming a baseline requirement in DeFi.” — Jeremiah Smith, co-founder and CEO of OpenCover LONDON, UNITED KINGDOM, January 13, 2026 /EINPressw... |
| 05.08.2025 | Nexus Mutual Pays ~$250k in Claims for Arcadia Finance Hack | LONDON, UNITED KINGDOM, August 5, 2025 /EINPresswire.com/ -- On July 15th, Arcadia Finance experienced a sophisticated smart contract exploit, resulting in a loss of approximately $3.6 million. This incident enabled the attacker to directly... |
| 28.02.2025 | OpenCover and L1 partner to provide bespoke portfolio cover for onchain wealth and asset management | OpenCover and L1 offer custom portfolio cover, allowing asset managers, family offices, and HNWIs to protect onchain holdings, backed by Nexus Mutual. OpenCover & L1 pilot bespoke cover for HNWIs and asset managers, shifting protocol ri... |
| 07.02.2025 | OpenCover partners with Nexus Mutual and Derive to provide the largest Bitcoin-denominated cover in history | OpenCover, Nexus Mutual, and Derive combine efforts to deliver an unprecedented, industry-leading Bitcoin-denominated cover This isn’t just a milestone — it is a breakthrough. Securing over 200 BTC so quickly demonstrates the growing demand... |
| 29.10.2024 | DeFi Cover Provider Nexus Mutual Backs New Crypto Insurance Broker Native Sliding Copper-to-Gold Ratio Presents Bitcoin Bear Case | Crypto specialist insurance broker Native goes live with $2.6 million of seed funding led by Nexus Mutual. Native will start by offering $20 million on-chain cover per risk, and will also run a capital pool on Nexus Mutual. Nexus Mutual’s i... |
| 17.09.2024 | OpenCover, Request Finance and Nexus Mutual Launch World's First Blockchain Transaction Cover | OpenCover, Request Finance and Nexus Mutual partner to launch world's first blockchain transaction cover The collaboration sets a new standard in decentralized finance (DeFi) by shifting blockchain transaction risk away from end users for t... |
| 14.11.2023 | OpenCover Strengthens Onchain Safety for Arbitrum Users: Makes $200M of Underwriting Capital Accessible Directly on L2 | OpenCover launches on Arbitrum OpenCover expands coverage to 14M Arbitrum users, safeguarding against blockchain risks like smart contract hacks and oracle manipulation. Your keys, your coins, your risk, and the DeFi sector continues to be ... |
| 08.09.2023 | OpenCover Raises USD4.6M in Funding | OpenCover, a San Francisco, CA- and London, UK-based blockchain insurance and cover data startup, announced it raised $4.6m in total funding. Backers included the Base Ecosystem Fund, and existing investors such as NFX, Jump, Alliance, Vill... |
| 30.01.2023 | OpenCover: The First DeFi Insurance Analytics Platform to help Protect Investors from DeFi Risk and Exchange Hacks | OpenCover is the leading source for DeFi insurance and cover data, news, and insights to help crypto investors protect their portfolios. OpenCover tracks and compares providers of DeFi insurance and cover OpenCover Nexus Mutual DeFi cover p... |