Tangany offers companies a platform for securely storing crypto assets such as Bitcoin, Ethereum, stablecoins, security tokens, and NFTs. More than 40 customers already use the platform with assets totaling €400 million. Last year alone, 25 new customers joined the platform. Revenue increased fivefold in 2021. Martin Kreitmair, CEO of Tangany, says:
"With this successful financing round, we are embarking on the next chapter of our development. We were four times oversubscribed, which shows that Tangany is on the right track. To date, Tangany has grown solely through its own profitability. Our partnership with Nauta Capital, C3 VC Fund, and our existing investors will enable us to accelerate our growth by expanding our team and continue to maintain our exceptionally high standards of quality and reliability. We will continue to innovate and are very excited about the future."
Tangany is to play a decisive role in the coming era of new money
With the fresh capital, the Startup will expand its team to more than 50 employees by the end of this year. In addition, the core custody business will be expanded to include new services and a unified API. Tobias Schulz, Principal at High-Tech Gründerfonds (HTGF), says:
"As the lead investor of the first round, we are proud of what the team has achieved so far and welcome the new investors on board. We believe Tangany's technology will play a critical role in the coming era of new money."
