# Cashmere

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cashmere

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.cashmere.finance
- Total disclosed funding: $3M
- Latest round: Seed (Aug 9, 2022)
- Investors on record: 8

## 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.

## Funding rounds

- Seed, Aug 9, 2022, $3M — Y Combinator, Global Founders Capital, Soma Capital Management, CreditEase Fintech Investment Fund, Coinbase Ventures, FBG Capital, Volt Capital, Serum Foundation

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- CreditEase Fintech Investment Fund (https://capitalatlas.ai/funds/creditease-fintech-investment-fund) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- FBG Capital — Seed
- Volt Capital (https://capitalatlas.ai/funds/volt-capital) — Seed
- Serum Foundation — Seed