About Tangem
Tangem is a company based in Zug (Switzerland) founded in 2017 by Andrew Pantyukhin and Andrey Kurennykh.. Tangem has raised $23 million across 2 funding rounds from investors including SBI Group and Shima Capital. Tangem operates in a competitive market with competitors including Ledger, Coolwallet, Ballet, Shift Cryptosecurity and TREZOR, among others.
- Headquarter Zug, Switzerland
- Founders Andrew Pantyukhin, Andrey Kurennykh
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$23 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series A
May 02, 2023
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Investors
SBI Group
& 1 more
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Employee Count
Employee Count
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Funding Insights of Tangem
Tangem has successfully raised a total of $23M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in May 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $8.0M
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First Round
First Round
(21 Jan 2019)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Series A - Tangem | Valuation | Shima Capital , SBI Group |
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| Jan, 2019 | Amount | Series A - Tangem | Valuation | SBI Group |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tangem
Tangem has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SBI Group and Shima Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Blockchain investments are focused on by Shima Capital.
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Founded Year | Domain | Location | |
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Diversified operations in finance, biotech, and healthcare are managed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tangem
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Tangem
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tangem Comparisons
Competitors of Tangem
Tangem operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ledger, Coolwallet, Ballet, Shift Cryptosecurity and TREZOR, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ledger is recognized for providing secure cryptocurrency hardware wallets.
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| domain | founded_year | HQ Location |
Hardware wallet for cryptocurrencies
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| domain | founded_year | HQ Location |
Hardware solutions for cryptocurrency wallets are provided.
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| domain | founded_year | HQ Location |
Bitcoin hardware wallet
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| domain | founded_year | HQ Location |
A Bitcoin Hardware Wallet
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Tangem
Frequently Asked Questions about Tangem
When was Tangem founded?
Tangem was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Tangem located?
Tangem is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.
Who is the current CEO of Tangem?
Andrew Pantyukhin is the current CEO of Tangem. They have also founded this company.
Is Tangem a funded company?
Tangem is a funded company, having raised a total of $23M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Jan 21, 2019.
What does Tangem do?
Tangem was founded in 2017 and is headquartered in Zug, Switzerland. Hardware wallets utilizing NFC technology are offered for cold storage of cryptocurrencies. High-grade EAL6 security protection is incorporated into these solutions. Off-chain transactions via NFC are also facilitated, supporting users in the cryptocurrency sector with reliable storage and interaction options.
Who are the top competitors of Tangem?
Tangem's top competitors include Ledger, Coolwallet and CoolBitX.
Who are Tangem's investors?
Tangem has 2 investors. Key investors include SBI Group, and Shima Capital.
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