Tangany, a Munich, Germany-based white-label platform for custody of crypto assets, announced that it secured €7 million in Seed funding.
The round was led by Nauta Capital. Existing investor HTGF and new investor C3 VC Fund also participated in the round.
The funding will enable it to add new services like staking and yield farming, grow its headcount to more than 50 employees by 2022, and streamline its business through one unified API. The funding will also enable Tangany to add new services to the existing core custody business such as staking and yield farming.
Company: Tangany GmbH
Round: Seed Round
Funding Month: April 2022
Lead Investors: Nauta Capital
Additional Investors: HTGF and C3 VC Fund
Company Website: https://tangany.com/
Software Category: B2B Solution
About the Company: Founded by Alexey Utin, Christopher Zapf, Hans Nickel, and Martin Kreitmair in 2019, Tangany is a regulated German financial institution providing a market-leading B2B solution for custody of digital assets on the blockchain. Tangany’s mission is to advance crypto adoption and enable organizations to expand their catalog of financial products whilst making the transition for their customers seamless. With the Tangany Custody Suite, customers can store digital assets such as cryptocurrencies (Bitcoin, Ethereum, etc.), stablecoins, Security Tokens, Crypto Securities, and NFTs in either a Warm or Cold Wallet. The institution is regulated in accordance with Section 1 (1a) sentence 2 no. 6 KWG as a qualified crypto custodian. Tangany has also regularly received awards for its leading wallet infrastructure in recent years, namely the Fintech Germany Award in 2020 for Seed Stage and 2021 for Investment Technology.
Source: https://medium.com/tangany/tangany-closes-7m-in-seed-round-to-continue-their-whitelabel-crypto-custody-growth-strategy-a224ebd7c2eb https://siliconcanals.com/news/startups/munich-tangany-bags-7m/