Coincover, a provider of protection and insurance for digital assets, has raised $30 million in a funding round that will go toward hiring, product updates and pursuing partnerships. The round was led by Silicon Valley investment firm Foundation Capital, according to a press release.

Coincover's products offer asset protection – from hackers or human error – to businesses, infrastructure providers and consumers. The company works with more than 300 businesses, including crypto custodian Fireblocks and crypto exchange Bitso. Coincover was also one of the first firms to work with U.K. insurance market Lloyd’s of London.

Coincover raised $9.2 million in a Series A funding round in July 2021 led by Element Ventures with participation from DRW Venture Capital and Susquehanna Private Equity Investments.

(By Brandy Betz)