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§ Private Profile · 8 Greencoat Pl, London, Greater London, SW1P 1DU, United Kingdom
Nayms is a technology company.
Nayms operates a regulated, on-chain insurance marketplace tailored for the digital asset space. It leverages smart contract technology to enable the creation and management of digital insurance programs. The platform bridges alternative capital with uninsured crypto risks, facilitating transparent trading, reporting, and settlement of insurance within a decentralized framework.
Nayms was co-founded by Dan Roberts and Theodore Georgas, establishing the company in 2019. The founders identified a critical need to connect traditional insurance capital with the uninsured risks in the cryptocurrency sector. This insight drove the creation of a platform designed to unlock new capital deployment and risk management opportunities for digital assets.
The platform serves institutional capital providers and risk carriers seeking exposure to, or coverage for, digital asset risks. Nayms’ vision is to cultivate a more resilient and insurable digital asset ecosystem through a transparent marketplace. The company strives to make crypto risks systematically accessible for underwriting, enhancing the reliability of insurance within the evolving digital economy.
Nayms has raised $8.0M across 2 funding rounds.
Nayms has raised $8.0M in total across 2 funding rounds.
Nayms has raised $8.0M across 2 funding rounds. Most recently, it raised $6.0M Other Equity in June 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 23, 2021 | $6M Venture Round | — | Sean Harper, Cadenza Ventures, Coinbase Ventures, Digital Finance Group, LD Capital, Maven 11, Spartan Ventures, Woodstock Fund, Xbto | Announced |
| Jan 1, 2021 | $2M Seed | Greg Carson | Acequia Capital, A'Z Angels, Cadenza Capital Management, Norwest Venture Partners, Paradigm, Picus Capital, QED Investors, Sapphire Ventures, Sequel, XBTO Humla Ventures, Apoorva Ruparel, Musaab Hakami, Russell Cook, Coinbase Ventures, Maven 11 | Announced |
Nayms is a Bermuda-based technology company founded in 2019 that operates the world's leading blockchain-based marketplace for alternative risk transfer, reinsurance, and capitalization, specializing in insurance for crypto-related risks.[1][2][3][4] It builds a regulated platform powered by smart contracts on public blockchains like Ethereum Layer-2 Base, enabling tokenized insurance policies, cells (similar to Lloyd's syndicates), and on-chain risk management tools for digitally native brokers, carriers, and investors.[1][2][3] Nayms serves cryptocurrency exchanges, custodians, DeFi protocols, and traditional firms entering blockchain, solving inefficiencies in risk pricing, transfer, and capitalization for digital assets by bringing transparency, speed, and decentralization to traditional insurance markets.[1][3][4] The company has raised about $12 million total, recently hitting an $80 million valuation in a tokenized funding round led by UDHC, with partnerships like Aon and launches of insurance programs for clients including Breach and Evertas.[1][4]
Nayms was founded in 2019 by a team including co-founder and CTO Ted Georgas, who identified the need for blockchain solutions in reinsurance amid rising costs from events like catastrophic hurricanes.[3][4] Headquartered in London with Bermuda regulatory approval, the idea emerged to create a marketplace using insurance-linked smart contracts for efficient coverage of digital assets, extending traditional risk markets with decentralized tools.[1][3][5] Early traction came from building a fully regulated platform partnered with Aon, raising initial funding pegged at $8.4 million by mid-2021, and progressing toward launches like tokenized reinsurance on Base in January 2024, with recent cells for major clients marking pivotal growth.[1][2][4]
Nayms rides the tokenized real-world assets (RWA) trend, bridging TradFi insurance with DeFi by tokenizing reinsurance on scalable chains like Base, amid booming demand for crypto risk coverage post-2022 market crashes.[1][2] Timing aligns with regulatory clarity in Bermuda and Ethereum's Layer-2 maturity, lowering barriers for institutional capital in a $1 trillion+ reinsurance market strained by climate risks and crypto volatility.[1][4] Market forces like rising reinsurance costs and DeFi growth favor Nayms, as blockchain cuts intermediaries for faster, cheaper risk transfer—influencing the ecosystem by pioneering on-chain insurance programs with giants like Aon, potentially standardizing tokenized risk for Web3 adoption.[1][3]
Nayms is poised to launch more cell-backed programs with partners like Aon and Evertas, scaling tokenized reinsurance as RWA volumes explode and regulators embrace blockchain insurance.[1][2] Trends like Ethereum scaling, climate-driven reinsurance shortages, and crypto mainstreaming will propel growth, evolving Nayms from crypto-focused to a broad alternative risk leader with $80M valuation signaling strong momentum.[1][4] Its decentralized model could redefine risk markets, delivering the efficient, transparent future UDHC envisions—positioning Nayms as a cornerstone for on-chain finance.[1]
Nayms has raised $8.0M in total across 2 funding rounds.
Nayms's investors include Sean Harper, Cadenza Ventures, Coinbase Ventures, Digital Finance Group, LD Capital, Maven 11, Spartan Ventures, Woodstock Fund, XBTO, Greg Carson, Acequia Capital, A'Z Angels.