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Cashmere

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Year established

2021

Location

San Francisco CA US

Primary Industry

Financial Services

About

Based in California, US, and founded in 2021 by CEO Shashank Khanna, and Charlotte McGinn, Cashmere Inc. operates as a developer of enterprise wallet management for users of the Solana blockchain, enabling firms to use multi-signature signing to jointly control their company wallets. In August 2022, Cashmere raised USD 3 million in seed funding from Coinbase Ventures, FBG Capital, Y Combinator, Volt Capital, Project Serum, Global Founders Capital, CreditEase, and Soma Capital. The seed funding values Cashmere at USD 30 million post-money. The company provides crypto wallets with multiple features like collective ownership, airdrops, integrations, multiple wallets, and secondary approvals on transactions for teams, NFT (non-fungible token) creators, and businesses. With the platform’s multi-signing feature, several wallets need to approve a transaction before the funds can be moved out of the Cashmere wallet. Cashmere plans to use its proceeds from August 2022 funding to hire more engineers and launch a premium product for institutions by the end of 2022.
Current Investors
Notation Capital, Wonder Ventures, Y Combinator

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Primary Industry
Financial Services
Sub Industries
e-Financial, Application Integration Software
Website
www.cashmere.finance
Verticals
Blockchain, FinTech
Company Stage
Angel & Seed
Total Amount Raised
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