Tangany raises €10M Series A with top European institutions as shareholders

Munich-based Tangany, a digital asset custodian, has closed a €10 million Series A funding round. The raise marks a major milestone in the company’s evolution from fast-growing startup to key pillar of Europe’s regulated financial infrastructure.

Trusted by leading brands such as FlatexDEGIRO, eToro, Bitvavo, and Finanzen.net ZERO, Tangany now safeguards over €3 billion in digital assets and supports more than 700,000 active customer accounts. The BaFin-regulated fintech serves over 60 institutional clients with its market-leading B2B custody platform, enabling banks, trading platforms, and fintechs to integrate blockchain technology via a white-label API that reduces costs, accelerates go-to-market efforts, and ensures regulatory compliance.

Since its seed round in 2022, Tangany has doubled its revenue, scaled its organization, and positioned itself as one of Europe’s leading crypto custody providers. With MiCA on the horizon, the company is set to strengthen its leadership in the regulated digital asset ecosystem and expand its role in making digital assets accessible across Europe.

Martin Kreitmair, CEO and Co-founder of Tangany, shared:

This Series A round represents more than just capital; it’s a strong signal of institutional trust in Tangany’s vision and infrastructure. We’re proud to welcome well-established European institutions as shareholders, further strengthening our position within the financial sector. Their involvement reflects our shared commitment to secure, regulated digital asset infrastructure. At the same time, Tangany remains fully independent. Our shareholder structure now mirrors our ambition: becoming an integrated part of Europe’s financial system.

Tangany has expanded its presence in the financial sector by strengthening its long-standing partnership with Baader Bank and collaborating with Elevator Ventures / Raiffeisen Bank. These partnerships mark the start of a new growth phase, working with carefully selected institutions that share Tangany’s long-term vision. Each partnership strengthens its position as a trusted infrastructure provider for regulated institutions across Europe.

The round was led by a group of financial institutions, including Baader Bank (Germany), Elevator Ventures, the venture capital arm of Raiffeisen Bank International (Austria), and Heliad Crypto Partners, the digital assets investment arm of Heliad AG (Germany).

Oliver Riedel, Deputy CEO, Baader Bank, commented:

Digital assets will play a critical role in the future of financial markets, and regulated infrastructure is key to enabling that transformation. Tangany has shown both the regulatory maturity and the technological depth needed to serve financial institutions at scale. We’re proud to support a company that’s helping shape the future of custody in Europe.

According to Thomas Muchar, Managing Director at Elevator Ventures, Tangany holds a unique position at the crossroads of digital innovation and institutional-grade compliance. He added:

Their technology stack and regulatory-first mindset align with what banks need to safely enter the digital asset space. We’re excited to join them on this next chapter of European expansion.

Several existing investors, such as HTGF and Nauta Capital, also reaffirmed their commitment by joining the round. Together, these shareholders highlight Tangany’s deeper integration into Europe’s financial ecosystem and further strengthen its governance and institutional profile.

Carles Ferrer, General Partner, Nauta Capital, added:

Tangany’s digital assets under custody have grown 7.5x from €400m to €3bn since we led the company’s Seed round in 2022. That success has established the provider’s significance in the European financial ecosystem and has attracted some of the largest institutions around to join the mission as shareholders. This is a testament to the team, the product, and the traction to date. We’re delighted to see Tangany close such a strong Series A round, and we cannot wait to see what’s next for the company.