OpenCover wins Insurathon competition for most innovative InsurTech start-up

Global law firm Norton Rose Fulbright has announced OpenCover as the winner of its eighth annual Insurathon, a competition to identify and support the most innovative tech start-ups and scale-ups within the insurance sector.

OpenCover operates at the intersection of blockchain security and insurance. Founded by veteran tech entrepreneurs, it works with leading underwriters to tackle blockchain protocol risk, including smart contract bugs and severe economic events, and transaction risk, such as malicious smart contract interactions, oracle manipulation and asset depeg.

OpenCover offers onchain portfolio cover, real-time transaction cover and tailored institutional services, and is also a leader in onchain insurance and cover data. It is backed by NFX, Alliance, Village Global, Coinbase Ventures' Base Ecosystem Fund and a Lloyd’s Lab alum.

For its winning best pitch, OpenCover will be awarded £25,000 of UK legal and regulatory advice from specialist lawyers within the firm’s market-leading corporate, regulatory insurance, intellectual property, employment and labour and data privacy practices and a potential £25,000 equity investment from Norton Rose Fulbright.

Jeremiah Smith, PhD, Co-founder and CEO at OpenCover, said:

“The Insurathon was as intense as it was insightful — I highly recommend all InsurTech founders apply. We are honoured and grateful to have won this year and look forward to writing an important chapter of blockchain safety history with Norton Rose Fulbright.”

Nicholas Berry, head of Norton Rose Fulbright’s InsurTech practice and founder of the Insurathon, said:

“Each year I am impressed by the degree of creativity and entrepreneurship on display. We once again saw many excellent entrants at this year’s event and it is a true testament to OpenCover’s impressive vision and innovative business model that it was crowned as the 2025 winner. We greatly look forward to working with Jeremiah and the OpenCover team in the months ahead.”

Norton Rose Fulbright has awarded more than £325,000 in prize funds through the Insurathon, since launching the competition in 2017. The firm’s InsurTech practice forms part of its wider Tier 1 FinTech and market-leading insurance practice. Visit here for more information about the Insurathon and previous winners.