Coinshift Inovhara $15 Mamirioni Series A Inotungamirwa naTiger Global, Sequoia Capital India, Alameda Ventures

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Tue, Chivabvu 17, 2022 4:36 PM

Coinshift Inovhara $15 Mamirioni Series A Inotungamirwa naTiger Global, Sequoia Capital India, Alameda Ventures

Chivabvu 17, 2022 - Sheridan, United States

Coinshift, leading treasury management and infrastructure platform that enables DAOs and crypto businesses to manage cash reserves, announced its $15 million Series A funding round and its roadmap for building a novel full-service treasury management solution in the industry.

The Series A funding round is led by TigerGlobal uye akabatanidzwa Sequoia Capital India, founder of Product Hunt and the Weekend Fund Ryan Hoover, Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital, Hash Key Capital, Quiet Capital, Polygon Studios, Volt Capital and over 300 more angels and operators in crypto and fintech.

Coinshift has undergone rapid growth since its launch in June 2021, managing more than 1,000 safes, $1.3 billion in assets and $80 million in payouts for organizations like Consensys, Messari, Biconomy, Uniswap, Perpetual Protocol, Balancer and many others.

Tarun Gupta, founder and chief executive officer of Coinshift, said,

“Today a new chapter of the Coinshift journey begins. We are unveiling a glimpse into our platform’s second version, through which we share our vision to build the most sophisticated multi-chain treasury infrastructure for Web 3.0. The fact that our investors have returned to participate in a Series A funding round is a testimony to the quality of our platform and the timely solution we offer to fill the current needs in the market.”

Coinshift’s version two was built and designed in close collaboration with the industry’s leading decentralized autonomous organizations (DAOs). Coinshift’s version two will allow users to manage multiple Gnosis Safes for multiple chains under one organization to enable significant time-saving and transparency in treasury operations.

The major architectural change between Coinshift version one and Coinshift version two is that users can add multiple safes to a single organization across multiple chains. Whereas in version one, one safe address was tied to one organization – in Coinshift’s feature-rich version two architecture, treasury managers and sub-DAO committees will be able to efficiently consolidate all their safes across networks and seamlessly visualize overall treasury balances. In addition, users will have global access to payees, labels, budgets, reporting and advanced access level control between safes.

Gupta akawedzera,

“With Coinshift’s version one, our team has done an incredible job of building a sophisticated mass payouts platform. With our version two, we are taking a massive leap forward to enable DAOs of any size to manage their treasury. But we’re just getting started, and we are excited for the opportunity that lies ahead as we work toward building the most sophisticated next-generation cryptocurrency treasury management platform.”

Alex Cook, partner at Tiger Global, said,

“We’ve been impressed by the pace of product development at Coinshift since we met Tarun and the team. It’s clear there is a huge need for crypto native treasury management and payments, and we are excited to back Coinshift as they roll out the next iteration of the platform.”

Adam, partner at Alameda Ventures, said,

“Excited to observe Coinshift leading the infrastructures to bring [a] simple, flexible and efficient DAO/treasury management tool into a wider audience.”

Notable individual investors include the following.

Coinshift inotungamira hupfumi manejimendi uye chikuva chikuva chinogonesa maDAO nemabhizinesi e crypto kubata mari yakachengetwa, mari yakawanda uye njodzi yese. Coinshift inopa imwechete uye iri nyore kushandisa mhinduro inofambisa uye inogadzirisa mashandiro emari nenzira inobudirira.

Coinshift yakavakirwa paGnosis Safe, ichibvumira vatengi kushandisa ayo akakosha ekubhadhara maficha kubata mubhadharo, kuita zvekudyidzana akawanda-siginecha transaction uye kuchengetedza inosvika makumi mapfumbamwe muzana pamari yegesi. Isu tinowedzera Gnosis Safe mashandiro nemamwe maficha ekuzivisa, paEthereum nePolygon, tichibvumira vashandisi kuchengetedza nguva nekudzikisa mutengo wekushandisa uye gasi.

Tarun Gupta, CEO weCoinshift

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The post Coinshift Inovhara $15 Mamirioni Series A Inotungamirwa naTiger Global, Sequoia Capital India, Alameda Ventures yakatanga kutanga Zuva Nezuva.

Original source: Zuva Nezuva