Munich-based Tangany has closed a €10 million Series A round to accelerate its role as one of Europe’s go-to providers of regulated crypto infrastructure. The raise marks Tangany’s transition to an increasingly embedded player in the region’s financial system.
The round was co-led by Baader Bank (Germany), Elevator Ventures, the VC arm of Raiffeisen Bank International (Austria), and Heliad Crypto Partners, the digital assets arm of Heliad AG. Existing investors HTGF and Nauta Capital also participated.
Founded in 2019, Tangany provides custody infrastructure for banks, brokers, and digital asset platforms. Its platform already supports more than €3 billion in assets under custody and 700,000 customer accounts.
Welcoming established European financial institutions as shareholders strengthens our position as a trusted custodian and underlines our mission to become part of Europe’s financial backbone
CEO and co-founder Martin Kreitmair
The fresh capital will also deepen Tangany’s banking partnerships. The company already collaborates with Baader Bank and is expanding ties with Raiffeisen Bank International via Elevator Ventures.
