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Coinshift, a platform that offers treasury management for DAOs, has raised $15 million in a series A funding round led by Tiger Global, according to a press release.
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Other investors include Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Alpha Wave Capital and Hash key Capital.
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The company 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.”
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Currently, Coinshift manages $1.3 billion in assets and $80 million in payouts to companies like Consensys, Messari, Biconomy and Uniswap.
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“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.
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