Tangem: $8 Million Raised For Secure Hardware Wallet Solutions

By Dan Anderson ● May 17, 2023

Tangem AG – a leading provider of secure hardware wallet solutions – announced a new funding round. This funding round closed at $8 million and was led by Web3 venture capital firm Shima Capital with contributions from additional investors. And it comes at a time of continued growth for the hardware developer and will help to propel Tangem to the next level.

With this new funding round, Tangem is well-positioned to expand its product offerings, further solidifying its position as a leader in the hardware wallet space. And the company is focused on creating innovative solutions that empower individuals to take control of their digital assets while also providing the highest levels of security and ease of use.


“We see great potential for our technologies to evolve as self-custodial storage experiences greater demand and more users choose to own their funds. The support from Shima Capital and the SBI Group will enable us to accelerate our growth and deliver enhanced solutions for secure digital asset management.”

– Andrey Kurennykh, CEO of Tangem

“We’re thrilled to be leading this round for Tangem. The team is poised for rapid adoption and we see Tangem as a major player in the crypto hardware wallet space.”

– Yida Gao, founder and Managing General Partner at Shima Capital

“Tangem’s cutting-edge technology and integration with payment networks are highly promising.”

– Fernando Vazquez, CEO of SBI Digital Asset Holdings; SBI Digital Asset Holdings is part of the Japanese SBI Group and key investor in the first round