Cash Management Firm Coinshift Closes $15M Series A Led by Tiger Global
Coinshift has outlined a new roadmap with the goal of building the most sophisticated treasury system for Web 3.
May 17, 2022 at 2:23 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GVGWXOXSHVAIFGKL3IXJES7ZBM.jpg)
Coinshift has closed a $15 million Series A funding round (Getty Images)
Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
Coinshift, a platform that offers treasury management for decentralized autonomous organizations (DAOs) and crypto companies, has raised $15 million in a Series A funding round led by Tiger Global, according to a press release.
- Other investors in the round include Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital and HashKey Capital.
- The company, which provides a platform to manage cash reserves, also announced its roadmap, in which Coinshift founder and CEO Tarun Gupta shared his "vision to build the most sophisticated multichain treasury infrastructure for Web 3."
- Currently, Coinshift manages $1.3 billion in assets and $80 million in payouts to companies like Consensys, Messari, Biconomy and Uniswap.
- "With Coinshift's version 1, our team has done an incredible job of building a sophisticated mass payouts platform. With our version 2, we are taking a massive leap forward to enable DAOs of any size, to manage their treasury," Gupta added.
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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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Oliver Knight is a CoinDesk reporter based between London and Lisbon. He does not own any crypto.
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