Bitsurance Closes First Funding Round and Converts to GmbH
Bitcoin insurance specialist Bitsurance has successfully closed its first funding round and plans to expand its offering for self-custodians and institutional clients.
The company Bitsurance, which specializes in Bitcoin insurance, has announced the successful completion of its first funding round and will henceforth operate as a GmbH (limited liability company). The round is led by Alex von Frankenberg, former managing director of High-Tech Gründerfonds [1].
Additional investors include Kristian Kläger from Portner Capital, Jeff Gallas from FULMO, as well as Jochen Maaß and Sebastian Schulz from Hanse Ventures. The founding team consists of Christian Wind (CEO), who previously founded Bitcoin backup manufacturer SEEDOR, Philipp Oehler with insurance expertise, and Christian Rotzoll (CTO), who is involved in the open-source project RaspiBlitz [1].
Bitsurance focuses on insurance solutions for Bitcoin self-custody, including coverage for hardware wallets, multisig setups, and physical threat scenarios such as the "$5 wrench attack." The new GmbH structure is intended to enable higher coverage amounts and expand B2B business [1].
The target audience includes both private Bitcoin users and companies holding Bitcoin treasuries. Bitsurance thus positions itself as one of the first specialized providers to explicitly account for personal responsibility and technical sovereignty in custody [1].
Sources
AI-Assisted Content
This article was created with AI assistance. All facts are sourced from verified news outlets.