# 🚀 Startup #7: Tangany

By [Ali Shaikha](https://paragraph.com/@alishaikha) · 2022-04-22

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[https://tangany.com/](https://tangany.com/)

**Segment:** DeFi / **Business Model**: B2B / **Stage**: Seed

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**Purpose**: Wallet platform designed to offer custody of digital assets

**Problem**: As more companies come into crypto they will want to hold (have custody) of their digital assets. Setting up a custody wallet is easy, but navigating security and regulation can be tricky

**Solution**: A white-label custody product where companies can be up and running easily and secure their digital assets

**Team**:

*   [Martin Kreitmair](https://www.linkedin.com/in/martin-kreitmair/) - Co-founder and CEO
    
*   [Alexey Utin](https://www.linkedin.com/in/alexey-utin-a26a43b7/) - Co-founder and CTO
    
*   [Christopher Zapf](https://www.linkedin.com/in/christopher-zapf/) - Co-founder and CPO
    

**Traction:**

*   Funding: Rasied €7M seed round in Apr 22 from Nauta Capital, HTGF and C3 Management
    
*   Growth: Managing over €400M of digital assets under custody, increasing revenue 5x in the last 4 months
    
*   Customers: Working with Tezos Foundation, Quirin Privatbank and Exporo
    

**Positive Signals:**

*   Traction: Looking like a rocket ship, 5x revenue is 4 months this year already
    
*   Financials: Have been growing through their own profitability
    
*   Customers: Last year alone they onboarded 25 new customers
    
*   Funding: Were 4x oversubscribed in the latest round
    

**Risks**:

*   Market: Very noisy with a lot of players, but they are carving out the backend to enable anyone to safely manage their own digital assets

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*Originally published on [Ali Shaikha](https://paragraph.com/@alishaikha/startup-7-tangany)*