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    Foundation

    Foundation

    Nexus Mutual Foundation

    ‣
    The foundation is a community interest company (CIC) which supports the development of Nexus Mutual Protocol and Nexus Mutual DAO. It employs our Core Team and has funded the early stages of Nexus Mutual establishment and growth. The foundation is funded by our partners.

    A CIC is a “special form of non-charitable limited company, which exists primarily to benefit a community or with a view to pursuing a social purpose, rather than to make a profit for shareholders.” It is on this spirit that Nexus Mutual is established because the core difference between us and traditional insurance companies is that we are wholly owned by our members - not shareholders - and they have full discretion on whether to pay out claims; they will always have the final say.

    Nexus Mutual was founded by Hugh Karp who is an insurance industry expert. His vision came when, after visiting Peruvian earthquake zones and the birth of blockchain, he realised that we could use that technology to help protect underserved communities - those usually ignored by traditional insurance.

    This video sheds more light on the events leading up to the establishment and early growth of Nexus Mutual - with thanks to Chainlink for supporting the video.

    Advisory Board (Foundation Councillors)

    The Advisory Board has some power in limited circumstances. Their mission is to provide qualified technical guidance to the members of the mutual as well as enact emergency functions should they be required. In future we will move towards a more decentralised model of having a long-term-aligned, community-owned, team to replace the functions of the Advisory Board.

    Hugh KarpHugh Karp
    Hugh Karp
    Rox DanilaRox Danila
    Rox Danila
    Rei MelbardisRei Melbardis
    Rei Melbardis
    Graeme ThurgoodGraeme Thurgood
    Graeme Thurgood
    Lee McClellandLee McClelland
    Lee McClelland

    Partners

    Our partners have funded and supported the early stages of Nexus Mutual.

    1 Confirmation1 Confirmation
    1 Confirmation
    Blockchain CapitalBlockchain Capital
    Blockchain Capital
    ColliderCollider
    Collider
    Kenetic Kenetic
    Kenetic
    KR1KR1
    KR1
    SemanticSemantic
    Semantic
    VersionOne VenturesVersionOne Ventures
    VersionOne Ventures
    1kx1kx
    1kx