However they launched publicly in June 2021, and humbled to have incredible traction with 1000+ safes, $1.3B in assets & $82M+ in payouts from organizations like Consensys, Biconomy, Messari, Uniswap, Perpetual Protocol, Balancer & various others.

They are proud to announce that Coinshift has raised $15M in Series A led by Tiger Global and joined by Sequoia Capital India, Ryan Hoover (Founder of Product Hunt & Weekend Fund), Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital, Hash key Capital, Quiet Capital, Polygon Ventures, Volt Capital & 300+ angels and operators in crypto and Fintech.

• Sandeep Nailwal — Co-Founder & COO, Polygon
• Shiva Rajaraman — VP at Opensea
• Prabhakar Reddy — Founder of FalconX
• Scott Belsky — CPO Adobe & Founder of Behance
• Lenny Rachitsky — Previously Product Manager, Airbnb
• Utsav Somani — Iseed & Head of Angelist India
• Shaan Puri — Previously Director of product, Twitch

The Coinshift V2

So far with its V2, they aim to develop the most sophisticated next-generation multichain treasury management platform.

The major architectural change between Coinshift V1 and Coinshift V2 is users can add multiple safes to a single organization across multiple chains. While in Coinshift V1, where 1 safe address was equal to 1 organization.

CoinshiftV2 architecture will help Treasury managers and sub-DAO committees efficiently consolidate all the safes across networks seamlessly. In addition, users will have global access to contacts, Labels, budgets, reporting, and advanced access level control between safes, signers, & non-signers.

V2 Core Benefits

Indeed Their Product features will make coinshift the most simple, flexible, and efficient Multichain Treasury Management Platform for DAOs & Companies using Gnosis Safe.

• Firstly, Users will be able to manage multiple Gnosis Safes on multiple chains under one organization to save a lot of time and achieve transparency in treasury ops.
• Users will have advanced roles and permissions and seamlessly elect admin, moderator, and members to offload off-chain ops.
• Third, users will be able to Transaction create Proposals as Non-Signers leading to efficient Treasury Ops for DAO leads, Head of Finance & Founders.
• Also users can easily do Multi-token & NFTs Mass payouts, Stream Payments, and Automate salaries with built-in Transaction Batching.
• Users will be able to deploy custom asset allocation strategies with built-in tagging and reporting.
• With their transaction batching solution, users can save a huge amount of time & gas fees on deposits, withdrawals, token approvals, etc while interacting with DeFi Protocols.

Coinshift is simplifying crypto treasury management, Running on Ethereum which is built on top of Gnosis safe protocol.

Useful Links

Website  Twitter

SOURCE: 

https://blog.coinshift.xyz/coinshifts-15m-series-a-sneak-peek-into-v2-and-what-s-next-e40cac81927d

The post Coinshift Announcing its $15M Series A appeared first on Smart Liquidity Research.