Treasury Management Firm Coinshift Raises $15M in Series A Funding

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, as reported.

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.