Multis is acquired by Safe
Today, I’m amped to announce that Multis is acquired by Safe, the leading smart contract wallet infrastructure provider! This is a huge milestone in our journey.
From our the early days at Hexa and YC (check out Theo’s great post here) to our first investor pitches in a Tenderloin hotel in San Francisco (Les Echos talked about it here), through covid-19 and every crypto winter and all the ups and downs, we’re still kicking, and ready to go even bigger.
We share a common mission
Looking back to our roots in 2019, post the 2008 financial crisis, we always wanted to empower individuals and organizations to operate independently of traditional financial systems, and own their money, for real. That was the case during the Caltrain ride taking us to Mountain View for the dreaded YC interview, and it still is today. Safe has been a pioneer and has been consistently executing on that very mission too. They’re now securing over $100 billion in self-custody assets. They’ve also raised significant funding to push boundaries further. They’ve built something truly inspiring – a gold standard in our industry – and I can say I’m humbled to see Multis being acquired by such a stellar organization, with such inspiring founders and people.
Safe + Multis
The web3 industry may be uncertain and ever-changing, but crypto usage just keeps soaring. The demand for faster, more cost-effective transactions has fueled the rise of Layer 2 networks built on top of the Ethereum mainnet (Layer 1), all aiming to improve scalability. Yet, this growth has fragmented the blockchain landscape quite a bit, making the development of user-friendly, on-chain applications and wallets more complex. Managing assets across several networks can be a nightmare. Imagine if receiving an international wire transfer in USD (via the SWIFT network) meant you couldn’t then send it on to anyone domestically (via ACH). That’s pretty much the state of crypto today.
And that’s where we step in. We’ll tackle this complexity with network abstraction, simplifying asset management across different blockchains. More precisely, we will focus on expanding Safe’s products’ scalability beyond Ethereum. Ultimately, we want to boost user adoption and push towards even greater decentralization.
Looking forward
From the very beginning, our journey has been closely linked with Safe. We even used snapshots of their code and apps in our very first fundraising pitch decks! I believe we were also among the early adopters to integrate their self-custody smart contracts into our enterprise software. So, when the folks from Safe reached out to discuss an acquisition, we already knew them quite well, and the decision was an easy one.
Over the years, they’ve pieced together an astounding suite of products, spanning from state-of-the-art smart contracts to user-centric applications. What truly sets Safe apart, though, is the vibrant community they’ve nurtured across the industry. Their founders and team are not just brilliant; they are forward-thinking and driven by long-term goals. Yet they’re not just about ideas; they really care about their people and their work. It’s clear they don’t just build products; they build relationships.
We can’t wait to contribute to Safe’s growth and culture. We’re not only continuing our mission but also amplifying our impact dramatically, with a team we share common values with. Together, we’ll move faster, and further.
Thank you
This amazing journey wouldn’t have been possible without the support from so many incredible people, each playing their own part in our story:
To our customers, who bravely tested every update, dealt with bugs, and faced the challenges of a startup—your energy and feedback have pushed us forward!
To our investors, from experienced operators pros to legendary funds—your backing and guidance have been our rock through all the ups and downs!
To the awesome founders and coaches we’ve met, at Y Combinator and beyond—your advice and encouragement have helped us navigate our toughest times!
Most importantly, I want to extend a big thank you to every member of the Multis team. Through the ups and downs, from party times to grinding times, you all have shaped our path. I’ve laughed with each of you and learned from each of you. I’m truly grateful.
We’ll be doing exciting things with Safe, and we’re thrilled to be part of it. Stay tuned for more updates.
WAGMI,
Thibaut & Team
Today, I’m amped to announce that Multis is acquired by Safe, the leading smart contract wallet infrastructure provider! This is a huge milestone in our journey.
From our the early days at Hexa and YC (check out Theo’s great post here) to our first investor pitches in a Tenderloin hotel in San Francisco (Les Echos talked about it here), through covid-19 and every crypto winter and all the ups and downs, we’re still kicking, and ready to go even bigger.
We share a common mission
Looking back to our roots in 2019, post the 2008 financial crisis, we always wanted to empower individuals and organizations to operate independently of traditional financial systems, and own their money, for real. That was the case during the Caltrain ride taking us to Mountain View for the dreaded YC interview, and it still is today. Safe has been a pioneer and has been consistently executing on that very mission too. They’re now securing over $100 billion in self-custody assets. They’ve also raised significant funding to push boundaries further. They’ve built something truly inspiring – a gold standard in our industry – and I can say I’m humbled to see Multis being acquired by such a stellar organization, with such inspiring founders and people.
Safe + Multis
The web3 industry may be uncertain and ever-changing, but crypto usage just keeps soaring. The demand for faster, more cost-effective transactions has fueled the rise of Layer 2 networks built on top of the Ethereum mainnet (Layer 1), all aiming to improve scalability. Yet, this growth has fragmented the blockchain landscape quite a bit, making the development of user-friendly, on-chain applications and wallets more complex. Managing assets across several networks can be a nightmare. Imagine if receiving an international wire transfer in USD (via the SWIFT network) meant you couldn’t then send it on to anyone domestically (via ACH). That’s pretty much the state of crypto today.
And that’s where we step in. We’ll tackle this complexity with network abstraction, simplifying asset management across different blockchains. More precisely, we will focus on expanding Safe’s products’ scalability beyond Ethereum. Ultimately, we want to boost user adoption and push towards even greater decentralization.
Looking forward
From the very beginning, our journey has been closely linked with Safe. We even used snapshots of their code and apps in our very first fundraising pitch decks! I believe we were also among the early adopters to integrate their self-custody smart contracts into our enterprise software. So, when the folks from Safe reached out to discuss an acquisition, we already knew them quite well, and the decision was an easy one.
Over the years, they’ve pieced together an astounding suite of products, spanning from state-of-the-art smart contracts to user-centric applications. What truly sets Safe apart, though, is the vibrant community they’ve nurtured across the industry. Their founders and team are not just brilliant; they are forward-thinking and driven by long-term goals. Yet they’re not just about ideas; they really care about their people and their work. It’s clear they don’t just build products; they build relationships.
We can’t wait to contribute to Safe’s growth and culture. We’re not only continuing our mission but also amplifying our impact dramatically, with a team we share common values with. Together, we’ll move faster, and further.
Thank you
This amazing journey wouldn’t have been possible without the support from so many incredible people, each playing their own part in our story:
To our customers, who bravely tested every update, dealt with bugs, and faced the challenges of a startup—your energy and feedback have pushed us forward!
To our investors, from experienced operators pros to legendary funds—your backing and guidance have been our rock through all the ups and downs!
To the awesome founders and coaches we’ve met, at Y Combinator and beyond—your advice and encouragement have helped us navigate our toughest times!
Most importantly, I want to extend a big thank you to every member of the Multis team. Through the ups and downs, from party times to grinding times, you all have shaped our path. I’ve laughed with each of you and learned from each of you. I’m truly grateful.
We’ll be doing exciting things with Safe, and we’re thrilled to be part of it. Stay tuned for more updates.
WAGMI,
Thibaut & Team