An industry leader in secure hardware wallet solutions, Tangem, has announced the success of its most recent round of funding.
Hardware Wallet Solutions Tangem Raises $8 Million in Investment Round
Shima Capital, a Web3 venture capital firm, served as the round’s lead investor, and other investors also participated. The round raised a total of $8 million. The platform will go to the next level with it, which comes at a time when the hardware developer is seeing continued expansion.
We see great potential for our technologies to evolve as self-custodial storage experiences greater demand and more users choose to own their funds. The support from Shima Capital and the SBI Group will enable us to accelerate our growth and deliver enhanced solutions for secure digital asset management.
Andrey Kurennykh, CEO of Tangem
About New Capital
With this new infusion of funds, the platform is ideally placed to broaden its selection of products and further establish itself as a market leader in the hardware wallet industry. The startup is committed to developing cutting-edge solutions with the greatest levels of security and usability while enabling people to take ownership of their digital assets.
We’re thrilled to be leading this round for the platform. The team is poised for rapid adoption and we see Tangem as a major player in the crypto hardware wallet space.
Yida Gao, founder and Managing General Partner at Shima Capital
The round has garnered the support of SBI Digital Asset Holdings, a major investor in the first round and a subsidiary of the Japanese SBI Group.
The platform’s cutting-edge technology and integration with payment networks are highly promising.
Fernando Vazquez, CEO of SBI Digital Asset Holdings
About Tangem
For the storage and administration of digital assets, Tangem is a top provider of secure hardware wallet solutions. With an emphasis on security, usability, and flexibility, its purpose is to enable people to take control of their digital riches. Customers and investors alike have shown a great deal of interest in the platform’s creative products, which is what is causing the business to keep expanding and succeeding.
About Shima Capital
Founded by Yida Gao in 2021, the company is a renowned early-stage venture capital firm that makes investments in innovative blockchain startups. Shima is made up of seasoned investors, successful operators, and past founders who are united in their aim to aid all-star teams in establishing and growing generational businesses.
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