Overview
Avata is a digital-asset and gaming-focused MGA licensed in the Netherlands that distributes embedded insurance products to online platforms serving gamers, content creators, and NFT owners. Founded in 2021 and headquartered in Scheveningen, the company functions as a technical gateway connecting insurance carriers to digital communities through a plug-and-play API.
Avata underwrites coverage for risks inherent to digital ownership -- including NFT theft, hacking, identity theft, game-access disruption, and defamation liability -- and partners with capacity providers to place these programs. The company has established partnerships with blockchain-based platforms including Sleap.io and Wert to distribute its products through merchant and platform integrations.
The company raised USD 2.09M in a 2023 seed round from investors including FunFair Ventures, The Aventures, Plug and Play Tech Center, and Square Enix Holdings. With nine employees across six departments, Avata targets the nascent digital asset insurance market with white-label, API-driven distribution enabling near-instant policy issuance and automated claims settlement via smart contracts.
Products & Services
Digital Asset Protection Insurance
Coverage for NFTs, digital passports, gaming items, and other digital assets against theft, unauthorized access, and hacking. Designed for Web2 and Web3 environments, the program enables brands and platforms to embed coverage directly into their user experience via Avata's API.
Key Features
- Theft and unauthorized access to digital assets
- Loss of in-game items, skins, and digital collectibles
- Coverage for NFT purchases through warranty integrations (partnership with Wert)
Target Users: NFT owners, gamers, digital collectors, and Web3 platform operators
Distribution: API-embedded via merchant and platform integrations
On-Chain Travel Insurance (Cancel For Any Reason)
Launched in partnership with blockchain travel platform Sleap.io, this product provides Cancel For Any Reason (CFAR) travel insurance for NFT holders. Claims are processed via smart contracts on the Camino Network blockchain with near-instant stablecoin payouts of up to USD 500 for non-refundable bookings.
Key Features
- Cancel For Any Reason coverage for non-refundable travel bookings
- Near-instant settlement in USDT stablecoin
- Smart contract-automated claims processing on Camino Network
Target Users: Sleap City NFT holders and blockchain-based travel platform users
Distribution: Exclusive to Sleap.io platform users
Digital Product Passport Insurance
Insurance embedded into Digital Product Passports for real-world assets. When a theft is reported, customers initiate claims directly within the passport, with approved claims issuing store credit for re-purchase.
Key Features
- Theft coverage embedded into product passport lifecycle
- In-passport claims initiation
- Store credit settlement on successful claims
Target Users: Brands and retailers using Digital Product Passports
Distribution: White-label embedded via brand partner integrations
At a Glance
- Founded
- 2021
- Headquarters
- Scheveningen, South Holland, Netherlands
- Employees
- 1-10
Category & Focus
Links
Last updated: 2026-06-03