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Crypto treasury management platform MultiSafe has rebranded to Coinshift and announced it has raised $2.5m in a seed funding round. Investors included Sequoia Capital India, Weekend Fund, ConsenSys Mesh, DeFi Alliance, Ethereal Ventures, Fintech Collective, and Gnosis, among others. With fresh capital at hand, Coinshift, which is based in India, plans to expand its platform and team.
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Gupta was previously a co-founder of Parcel, a similar startup to Coinshift. When asked how Coinshift is different from Parcel, Gupta said Parcel only caters to decentralized autonomous organizations (DAOs), but Coinshift caters to all crypto companies. Parcel also raised $2.5 million in seed funding earlier this month.
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