Gnosis Safe raises $100M and rebrands as Safe
Following a community vote
Digital asset management platform Gnonis Safe, now renamed Safe, has announced a $100 million funding round.
The funding round was led by crypto fund 1kx and included 63 other contributors, including Kraken Ventures, Tiger Global, A&T Capital, Blockchain Capital, Coinbase Ventures, UOB Venture Management, ConsenSys, Polygon, SCB 10X, and individual investors such as NFT influencer Punk6529.
The newly raised capital will go toward the Safe Ecosystem Foundation, the organization that will protect strategic off-chain assets, issue the Safe Token, and foster the ecosystem.
Gnosis Safe also rebranded itself as Safe, following a community vote to spin off the project from Ethereum infrastructure builder Gnosis and establish the independent Safe Foundation.
Initially known as “Gnosis Multisig”, Safe launched in 2017 to provide custody for Web3 applications through its platform, which offers management of digital assets, data, and identity for retail and institutional investors.
“Safe has established itself as the universal asset management primitive. From DAOs to treasury management tools to institutional custody, Safe has achieved an incredible product-market fit throughout all segments of crypto,” said Lasse Clausen, founding partner of 1kx. “Users are only beginning to understand the power of composable asset management.”
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