Coincover secures £24.7m led by Foundation Capital to expand digital asset protection
Foundation Capital led the investment round, which will fund team expansion and product updates.
Coincover provides digital asset protection technology designed to safeguard cryptocurrency holdings against theft, hacking, and human error. The company serves over 300 businesses by removing single points of failure in digital asset storage.
Cardiff-based digital asset protection firm Coincover has secured £24.7m in investment led by Foundation Capital. The capital injection will be deployed to drive recruitment, update products, and expand strategic partnerships to strengthen ecosystem safety.
Operating in a market where security concerns remain a primary barrier to mainstream adoption, the firm offers safeguards against both external attacks and internal operational mistakes. The business currently works with more than 300 entities, ranging from traditional financial institutions to digital asset exchanges.
Leadership noted that demand for protection has risen following a turbulent period across the wider cryptocurrency sector. The fresh funds will allow the company to scale its operations and extend its reach to more market participants seeking disaster recovery solutions.
From the founder
"In the wake of a challenging year for the crypto market, Coincover is in high demand, as businesses and consumers scramble to safeguard their digital assets."
David Janczewski
CEO and co-founder at Coincover
Investor perspective
"After a tumultuous year for digital assets, investing in Coincover was a no-brainer. The brand offers assurance in a fast-paced market. This new funding will accelerate recruitment, product updates, and partnerships to safeguard the crypto ecosystem. With $3 billion stolen in hacks last year and 2023 set to see the arrival of crypto regulation, the opportunity is vast."
Charles Moldow
General Partner, Foundation Capital
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
