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Fintech company Tangany raises €7 million in capital

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Start-up League Alumni Tangany has raised EUR 7 million in a seed funding round to support the growth of its whitelabel custody solution. Nauta Capital led the financing round, with Hightech-Gründerfonds (HTGF) and new investor C3 VC Fund also participating.

With the new capital, Tangany now plans to employ more than 50 people by the end of the year and to expand its existing core custody business with new services such as staking and yield farming. In addition, the various business activities will be more tightly bundled through a unified API and a newly created website for customers.

"To date, Tangany has grown solely through its own profitability. Our partnership with Nauta Capital, C3 VC Fund and our existing investors will allow us to accelerate our growth, by expanding our team, and continue to maintain our exceptionally high standards for quality and reliability," said Martin Kreitmair, CEO of Tangany.

"We believe Tangany's technology will play a critical role in the coming era of new money," predicts Tobias Schulz, Principal at HTGF.

Read more here:  bit.ly/3rCm2fZ

About Tangany Tangany provides a trusted custody solution ("Custody") for digital assets on Blockchain. The founding team, consisting of successful intrapreneurs Martin Kreitmair, Christopher Zapf and Alexey Utin, was supported by the EXIST scholarship in deep tech in 2018. This eventually resulted in the founding of Tangany GmbH in January 2019 with the market launch of the custody solution. The company addresses customers across the EU and beyond who want to work with blockchain. More info on Tangany at: www.tangany.de

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