Recoveris
Recoveris is a Zug, Switzerland-based blockchain intelligence firm that traces and recovers stolen cryptocurrency using an AI-driven platform combining seven analytics providers, serving law enforcement, VASPs, financial institutions, legal professionals and individual fraud victims.
- Company typePrivate
- Founded2025
- HeadquartersZug, Switzerland
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Recoveris does
Recoveris is a Zug, Switzerland-headquartered blockchain intelligence and digital asset recovery firm founded in 2025. The company traces stolen or fraudulently obtained cryptocurrency across multiple chains (Bitcoin, Ethereum, Polygon, Arbitrum, Avalanche, Optimism) and through obfuscation layers including mixers such as Tornado Cash, producing court-defensible forensic reports and coordinating freezes with exchanges, token issuers and stablecoin issuers (Circle, Tether, Bitfinex, Kraken) across a stated 150+ VASP partner ecosystem.
Its core offering is the Blockchain Investigation Management System — an AI-driven workflow platform that aggregates seven third-party blockchain analytics providers together with a proprietary attribution database, augmented by an in-house AI Digital Asset Investigator trained on real casework and behavioral profiling methodologies for mixer demixing. Complementing the platform are the Aftercare Protocol for rapid incident response (initial tracing within 24 hours), Digital Asset Recovery services for victims, Source of Funds reports for banking onboarding and regulatory examination, complex Investigations, and Tailored Trainings. A joint EY × Recoveris Distributed Ledger Analysis product extends the offering into regulated Swiss private banking AML workflows.
The business model is primarily professional services: case-based fees with a free initial review, billed upfront from Recoveris AG in Switzerland, supplemented by subscription potential for the management platform and revenue from training. Go-to-market is enterprise field sales targeting law enforcement, exchanges/VASPs, banks and legal professionals, fueled by high-profile public investigations (ZondaCrypto, Upbit, 1inch, a USD 10.5M Swiss fraud freeze) that generate global media coverage and inbound referrals. The company raised CHF 1 million in seed funding in September 2025 led by VerifyVASP.
Recoveris firmographics
Firmographics- Name
- Recoveris
- Legal name
- Recoveris AG
- Website
- https://recoveris.io
- Company type
- Private
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Recoveris is a Zug, Switzerland-based blockchain intelligence firm that traces and recovers stolen cryptocurrency using an AI-driven platform combining seven analytics providers, serving law enforcement, VASPs, financial institutions, legal professionals and individual fraud victims.
- Ownership category
- akta.pro rank
Recoveris industry classification
Industry- Product category
- Blockchain Forensics and Digital Asset Recovery
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- On-Chain Investigations, Tracing & Asset Recovery (FSADALAE)
- akta.pro secondary industry
- Recovery & Inheritance Solutions (social recovery services, dead-man switches, key escrow) (FSAPACAK)
Keywords
Where Recoveris is headquartered
LocationHeadquarters
- HQ city
- Zug
- HQ country
- Switzerland
- HQ region
- Europe
Offices1 record
Markets served
Recoveris business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Investigation Services: Blockchain forensics and investigation services for complex cases involving stolen or fraudulently obtained digital assets. Includes tracing across multiple chains, wallet identification, and production of forensic reports for law enforcement and legal proceedings.
- Asset Recovery Services: Coordination with exchanges, token issuers, and law enforcement to freeze and recover stolen assets. Includes aftercare protocol services for victims of digital asset crime.
- Source of Funds Reports: Defensible provenance reports for compliance and regulatory purposes, particularly for banking onboarding and regulatory examination. Reports document origin of digital assets and hold up in court.
- Training Services: Tailored blockchain forensic training programs for law enforcement, legal professionals, and compliance teams. Taught by active practitioners with real case experience.
- Blockchain Investigation Management System: AI-powered workflow platform for blockchain intelligence operations, potentially offered as standalone product to enterprises and VASPs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free initial case review to determine recovery viability |
| Other | Multi-year contract | Full investigation services with upfront pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Recoveris product offering
Product offeringCore offering
Recoveris is a blockchain intelligence and digital asset recovery service that traces stolen or fraudulently obtained cryptocurrency across multiple blockchains (Bitcoin, Ethereum, Polygon, Arbitrum, Avalanche, Optimism). It combines seven blockchain analytics providers with a proprietary attribution database and an in-house AI agent trained on real casework to produce court-ready forensic reports, coordinate asset freezes across a 150+ VASP partner ecosystem, and deliver aftercare protocols for victims of digital asset crime.
Product overview
Recoveris operates as an AI-powered blockchain intelligence and digital asset recovery platform, providing a modular suite of services for law enforcement, exchanges, financial institutions, and victims of crypto fraud. The core offering consists of the Blockchain Investigation Management System for managing investigative workflows, complemented by the Aftercare Protocol for rapid incident response and freeze coordination across 150+ VASP partners. Key service modules include Digital Asset Recovery for tracing stolen funds, Source of Funds Reports for compliance documentation, Blockchain Investigations for complex forensic cases, and Tailored Trainings for professional education. The company also offers a joint product, EY Distributed Ledger Analysis (DLA), combining EY's regulatory governance with Recoveris's on-chain forensics capabilities. All services are delivered by former law enforcement officers and forensic specialists with direct experience across multiple jurisdictions.
Differentiator
Problem solved
Functional benefit
Products and services
- Blockchain Investigation Management System AI-powered workflow platform that lets digital asset professionals manage the complete investigative lifecycle, from initial trace to enforcement-ready conclusion, reconciling data across multiple blockchain analytics providers.
- Aftercare Protocol Standardized incident response service providing rapid tracing and freeze requests across a 150+ VASP partner ecosystem, with initial tracing delivered within 24 hours of engagement.
- Digital Asset Recovery End-to-end asset recovery for victims of crypto theft, wallet draining, fake investments, exchange hacks, phishing, DeFi exploits, and social engineering, tracing funds across chains and coordinating freezes with exchanges and law enforcement.
- Source of Funds Reports Defensible provenance documentation for digital asset onboarding, banking compliance, and regulatory examinations, covering cross-chain bridges, DeFi positions, privacy coin interactions, and legacy holdings.
- Blockchain Investigations Forensic investigations for complex and high-stakes cases including exchange insolvencies, fraud investigations, and regulatory probes, combining on-chain analysis with off-chain monitoring and field intelligence.
- Tailored Trainings Tailored blockchain forensic training programs taught by active practitioners for investigators, prosecutors, and compliance professionals, covering investigative expertise and digital asset seizure methodologies.
- EY Distributed Ledger Analysis (DLA) Joint EY x Recoveris product combining Distributed Ledger Intelligence (DLI) for on-chain wealth tracing, CODA verification, and AML risk scoring, built to pass regulatory scrutiny and internal risk committee review at regulated Swiss private banks.
Quantifiable outcome
- USD 10.5M frozen and recovered in Swiss investment fraud case
- +5 more outcomes
Companies that use Recoveris
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles5 records
Recoveris technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability6 records
Feature4 records
Recoveris partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core and minor.
- CirclecoreRecoveris is a Circle partner, enabling coordination on USDC freezes and compliance matters. Circle is a major stablecoin issuer providing the infrastructure for coordination on stablecoin-related investigations and asset recovery.
- EY SwitzerlandcoreJoint EY × Recoveris Distributed Ledger Analysis (DLA) product offering. EY provides regulatory, legal, and Big 4 client governance; Recoveris provides blockchain forensics and multi-tool analysis. Delivered to regulated Swiss private banks requiring AML documentation.
- TethercoreDirect institutional relationship for USDT freeze coordination. Tether has executed freezes at Recoveris's request in multiple cases, including USD 10.5M freeze in Swiss investment fraud case and USD 344M freeze for IRGC-linked addresses.
- BitfinexcoreDirect institutional relationship for exchange-level freeze coordination. Held USD 10.5M pending criminal proceedings in Swiss investment fraud case.
- ICCFraudNetcoreRecoveris is a member of ICC FraudNet, an international network of fraud investigation and recovery experts. Provides access to global fraud case referrals and professional network.
- OSCEcoreRecoveris team members serve as Virtual Asset Experts for the OSCE (Organization for Security and Co-operation in Europe), providing training and expertise on blockchain forensics and crypto crime to international investigators.
- UpbitcoreMajor cryptocurrency exchange engaged Recoveris to lead investigation and recovery response following USD 35M+ hot wallet compromise. Recoveris retained on permanent mandate for instant-response incident capacity.
- Frankfurt School of Finance & ManagementminorRecoveris contributes to Frankfurt School educational content on blockchain and AI agents. COO Patrick Prinz is a Guest Lecturer. Recoveris content featured on Frankfurt School blog.
- Crypto Valley AssociationminorIndustry association membership supporting Swiss blockchain ecosystem.
- GBBC (Global Blockchain Business Council)minorRecoveris team member serves as GBBC Ambassador.
- InterpolcoreRecoveris team members train for Interpol and collaborate on international investigations. Head of Product Roman Bieda is a US court expert witness who has worked on Interpol cases.
- EuropolcoreRecoveris Head of Investigations Umberto Buonora collaborates with Europol on international cases. Former Guardia di Finanza cybercrime lead with extensive law enforcement network.
- KrakencoreMajor exchange identified in Recoveris investigations as receiving systematic flows from ZondaCrypto (approximately USD 21M identified). Key exchange for freeze coordination and investigation cooperation.
Scale indicators6 records
Recent moves6 records
Expansion highlights3 records
Recoveris competitors and assessment
Company assessmentDirect peers
- Chainalysis: Largest blockchain analytics platform used by law enforcement, VASPs, and financial institutions for tracing and compliance — direct competitor to Recoveris's tracing and investigation offering, with significantly larger scale and capital base.
- TRM Labs: Blockchain intelligence platform providing transaction monitoring, tracing, and investigations to financial institutions, VASPs, and government agencies — overlaps directly with Recoveris's on-chain tracing and Source of Funds capabilities.
- Elliptic: London-based blockchain analytics and crypto compliance provider serving exchanges, financial institutions, and law enforcement globally — comparable on-chain intelligence and investigation tooling for digital asset crime.
- Crystal Intelligence: Blockchain analytics and investigation platform with strong European presence, offering tracing, compliance, and law-enforcement support — directly comparable product set and target customers to Recoveris.
- CipherTrace (Mastercard): Blockchain analytics and cryptocurrency intelligence firm acquired by Mastercard; provides tracing, AML, and investigation services to banks, VASPs, and governments — competes in the same on-chain investigation and compliance niche.
- Coinfirm: Blockchain analytics and AML firm from which multiple Recoveris leaders (Roman Bieda, Dominik Konopacki) came directly; offers tracing, Source of Funds, and compliance reports targeting banks and VASPs — closest lineage peer.
- Asset Reality: UK-based firm specializing in digital asset recovery, seizure, and management for law enforcement, insolvency practitioners, and victims — directly overlaps Recoveris's asset recovery and aftercare work.
- Anchain.ai: AI-driven blockchain analytics platform offering transaction monitoring, investigation, and compliance for digital assets — comparable AI-native approach to on-chain forensics and investigations.
Emerging players
- Solidus Labs: Crypto-native compliance and market integrity firm offering transaction monitoring and surveillance for VASPs and exchanges — adjacent in compliance/AML focus, overlapping on Source of Funds and VASP-side workflows.
Broad incumbents
- Kroll (Cyber Risk): Global investigations, risk, and cyber firm with a substantial digital-asset and cryptocurrency incident response practice — competes on enterprise and law-enforcement cyber investigations, though as part of a much broader portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Recoveris social profiles
Digital presenceRecoveris financial estimates
Financial estimateRevenue estimate
Valuation estimate
Recoveris leadership team
Management profileNumber of profiles
Profiles8 records
Recoveris funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Recoveris M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Recoveris
What does Recoveris do?
Recoveris is a blockchain intelligence and digital asset recovery service that traces stolen or fraudulently obtained cryptocurrency across multiple blockchains (Bitcoin, Ethereum, Polygon, Arbitrum, Avalanche, Optimism). It combines seven blockchain analytics providers with a proprietary attribution database and an in-house AI agent trained on real casework to produce court-ready forensic reports, coordinate asset freezes across a 150+ VASP partner ecosystem, and deliver aftercare protocols for victims of digital asset crime.
Is Recoveris a public or private company?
Recoveris is a private company. It is classified as venture growth investor backed and is currently operating.
When was Recoveris founded?
Recoveris was founded in 2025. It employs 11 to 50 people.
Where is Recoveris based?
Recoveris is headquartered in Zug, Switzerland, in the Europe region.
How does Recoveris make money?
Five revenue lines are on record. Investigation Services are the primary driver. The others are asset Recovery Services, source of Funds Reports, training Services and blockchain Investigation Management System.
Who are Recoveris's main competitors?
Direct peers on record are Chainalysis, TRM Labs, Elliptic, Crystal Intelligence, CipherTrace (Mastercard), Coinfirm, Asset Reality and Anchain.ai. Solidus Labs is listed as an emerging player. Kroll (Cyber Risk) is listed as a broad incumbent.
Does Recoveris have an API?
No public API is recorded for Recoveris.
What industry is Recoveris in?
Recoveris's product category is Blockchain Forensics and Digital Asset Recovery. Its primary akta.pro industry code is FSADALAE, On-Chain Investigations, Tracing & Asset Recovery, with a secondary code of FSAPACAK, Recovery & Inheritance Solutions (social recovery services, dead-man switches, key escrow). Its NAICS code is 522320 and its SIC code is 6200.