Gnosis Safe spins off as Safe and raises $100M led by 1kx

Safe/Safe Smart Account

After a community vote to separate from Gnosis, the Gnosis Safe project renamed itself Safe and raised $100 million for the new Safe Ecosystem Foundation. The round was led by 1kx with more than 60 backers. Safe then secured over $40 billion of digital assets.

• Lead investor 1kx; others included Tiger Global, Blockchain Capital, Digital Currency Group, Coinbase Ventures, Kraken Ventures, Polygon and ConsenSys.
• Money went to the Safe Ecosystem Foundation, a non-profit.
• Assets secured at the time: over $40 billion.