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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Investors in Tangem
Tangem has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include SBI Group and Shima Capital.
| 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 |
Investments & Acquisitions by Tangem
Financial Statements - Tangem
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.
| 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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Frequently Asked Questions about Tangem
Tangem was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Tangem is headquartered in Zug, Switzerland. It is registered at Zug, Zug, Switzerland.
Andrew Pantyukhin is the current CEO of Tangem. They have also founded this 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.
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.
Tangem's top competitors include Ledger, Coolwallet and CoolBitX.
Tangem has 2 investors. Key investors include SBI Group, and Shima Capital.