TechFlow news — On May 17, Web3 infrastructure startup Coinshift raised $17 million in a Series A round led by Tiger Global, with participation from Sequoia Capital India, Alameda Ventures, Spartan Group, Ethereal Ventures, Polygon Studios, and others. Angel investors include Ryan Hoover, founder of Product Hunt and Weekend Fund; Shiva Rajaraman, VP of Operations at OpenSea; and Prabhakar Reddy, founder of FalconX. Coinshift's founder and CEO Tarun Gupta said this round was an equity financing, despite the company's plans to launch its native token and transform itself into a DAO. Earlier, Coinshift announced a $2.5 million seed round in September 2021, led by Sequoia India, Weekend Fund, and ConsenSys Mesh, among others.
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