EXCLUSIVE: Tiger Global leads $15 million Series A for web3 infrastructure startup Coinshift By Yogita_Khatri5
The company plans to expand its platform beyond the Ethereum and Polygon networks.Coinshift, an Indian crypto startup that provides treasury management tools for decentralized autonomous organizations and web3 firms, has raised $15 million in a Series A funding round as it plans to expand to new blockchain networks.
This was an equity funding round, although the firm has plans to launch its own native token and turn itself into a DAO, the firm's founder and CEO Tarun Gupta told The Block. Gupta declined to comment on Coinshift's valuation with this round and any new board seats.Coinshift currently provides a treasury management platform for the Ethereum and Polygon blockchains. It is built on Gnosis Safe, a multi-sig smart contracts platform, and helps mass payout to crypto contributors.
Coinshift's next-generation platform is launching next week in beta with select partners, according to Gupta. He declined to name those partners, but said they are"some of the biggest names in the crypto industry."
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