Nayms

company

About

Nayms is a Smart contract platform for the placement, trade, reporting and settlement of insurance risk.

Details

Last Funding Type
Seed
Last Funding Money Raised
$6M
Industries
Cryptocurrency,Insurance,Trading Platform
Founded date
Mar 14, 2019
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
Nayms Limited

Nayms is an insurance marketplace, utilising smart contracts to code the rules of how insurance can be placed, traded, claimed and settled. Brokers place these digital contracts of insurance between buyers (underwriters and capital markets) and sellers (insureds) of various risk.

Our focus is on facilitating the underwriting of digital asset risk as appropriate insurance protection is vital for the health of any liquid, financial market.

By allowing cryptocurrencies like BTC and Eth to underwrite BTC and Eth risk, assets match liabilities meaning premiums are reduced, payouts and premiums are paid in native currencies and insurance cover scales as the digital asset space expands.

Furthermore, by utilising a stablecoin the Nayms platform can be used to underwrite USD-denominated risk, opening up our product to a whole variety of insurance perils globally.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
4
$6M £1.77M
Nayms has raised a total of $6M £1.77M in funding over 2 rounds. Their latest funding was raised on Jun 23, 2021 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 23, 2021 Seed $6M 8 Detail
Jan 15, 2021 Seed £1.50M 8 XBTO Group Detail
Nov 4, 2020 Pre-seed 1 NadiFin Detail
Nov 20, 2019 Pre-seed £275K 1 Detail

Investors

Number of Lead Investors
Number of Investors
2
14
Nayms is funded by 14 investors. NadiFin and LD Capital are the most recent investors.
Investor Name Lead Investor Funding Round
NadiFin Yes Pre-seed
LD Capital Seed
Cadenza Ventures Seed
Coinbase Ventures Seed
DFG Capital Seed
Maven 11 Capital Seed
New Form Capital Seed
Woodstock Fund Seed
XBTO Group Seed
Cypher Capital Seed

Employee Profiles

Number of Employee Profiles
3
Nayms has 3 current employee profiles, including Executive Dan Roberts
Executive
Advisor
Executive