In a $15 million Series A, Tiger Global leads cash management firm Coinshift

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DeFi and Credit Risk

According to a press statement, Coinshift, a platform that provides treasury management for DAOs, has raised $15 million in a series A fundraising round sponsored by Tiger Global.

- Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital, and Hash key Capital are among the other investors.

- Coinshift founder and CEO Tarun Gupta expressed his "goal to construct the most sophisticated multichain treasury infrastructure for Web 3" in the company's strategy.

- Coinshift currently manages $1.3 billion in assets and has paid out $80 million to startups such as Consensys, Messari, Biconomy, and Uniswap.

- "Our team has done an amazing job establishing a sophisticated mass payouts platform with Coinshift version 1. We've taken a giant step ahead with version 2 by allowing DAOs of any size to manage their treasury." Gupta continued.

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