Tiger Global backs treasury management startup Coinshift

Treasury management and infrastructure platform Coinshift has raised $15 million in a Series A round led by Tiger Global and joined by existing investor Sequoia Capital India. Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital, Hash key Capital, Quiet Capital, Polygon Studios, Volt Capital and 300 and more angels and operators in crypto and fintech also participated in the round.

The startup will utilise the funds to develop its product and technology. It will launch its latest version in beta next week, which will be available through a waitlist.

It also plans to stay lean and expand its 16-member team to 25.

Cryptotech Startup Coinshift Raises Funds To Expand Offerings

Founded by Tarun Gupta, Coinshift enables decentralised autonomous organisations (DAOs) and crypto businesses to manage cash reserves, general financing, and overall risk.

Since its launch in June 2021, the startup claims that its services have grown to manage 1,000 safes, $1.3 billion in assets and $80 million in payouts for organizations like Consensys, Messari, Biconomy, Uniswap, Perpetual Protocol, Balancer and others.

Coinshift is apparently a moving startup with prodding improvement on financial services platform. I’m sure this startup would continue to prosper in its journey ahead. My best wishes to the entire group of Coinshift. This will give them a giant accomplishment later on.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.