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Evernorth Raises Capital Through Share Issuance in Business Combination

PRIVATEOct 09, 2026

Amount Raised

$1.08 Million

Round Type

Series A

San FranciscoFinancial ServicesFinanceMedical Practices

Investors

SBI Holdings, Inc.Chris LarsenRipple Labs Inc.RippleWorks Inc.Arrington XRP Capital Fund, LP

Description

Evernorth announced the issuance of 1,078,613 shares of Class A common stock as part of delayed funding subscription agreements. This was revealed in the company's updated report following its business combination with Armada Acquisition Corp. II. The funding aims to facilitate the growth and expansion of Evernorth's business operations.

Company Information

Company

Evernorth

Location

San Francisco, California, United States

About

Evernorth Holdings Inc. is a newly formed corporation aimed at enabling XRP adoption on an institutional scale. It functions as a treasury vehicle designed to provide investors exposure to XRP. The company is set to operate with a focus on active treasury growth and ecosystem participation. Evernorth is positioned to capitalize on existing financial yield strategies and DeFi opportunities.

Fundz sees it the moment Evernorth raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsAdam D., Vice President of Strategic Partnerships hiddenSee plans and pricing
Predictive Intelligence
Strategic

ML-powered predictions for Evernorth's next move

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Evernorth raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.