Tangem builds secure hardware wallet solutions designed for the safekeeping and management of digital assets. The company is led by CEO Andrey Kurennykh and is based in Zug, Switzerland. In March 2023 Tangem closed an $8M funding round. The round was led by Shima Capital and the SBI Group, with participation from additional investors. Tangem intends to use the funds to expand its product offerings. No operating metrics or past financing details were disclosed in the article. Tangem produces smartcard-based NFC wallets that store and enable the circulation of cryptocurrencies and blockchain assets. Led by co-founder Andrey Kurennykh, the company has developed physical smartcards for secure asset custody. Tangem intends to use the funds to accelerate deployment of its technology into other industries where secure storage and circulation of blockchain assets has high potential. Target industries named in the article include cryptocurrencies and stablecoins, ICO/TAO token distribution, ticketing, anti-counterfeit, digital identity, and retail loyalty and promotions. The company is extending its product offering to industries interested in physical distribution of blockchain assets. Tangem raised US$15M in funding to support these efforts.

Total raised

$23M

Funding rounds

2

Latest round

Equity

Latest activity

May 2023