Multis
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Multis, founded in Paris in 2019 by Thibaut Sahaghian and Théophile Villard as a Y Combinator Summer 2019 company, built banking-like accounts and treasury tooling for teams holding cryptocurrency. Its initial product was a business account built on a multisignature Ethereum wallet in which Multis did not control the keys, letting teams store, send and receive crypto. It later repositioned as accounting and treasury management software for web3 organizations, generating financial statements and automating accounting across wallets. It raised over $9 million from investors including Sequoia Capital, White Star Capital and Coinbase Ventures, and was acquired by Safe (formerly Gnosis Safe) in April 2024.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Company founded
Thibaut Sahaghian and Théophile Villard found Multis in Paris and join Y Combinator's Summer 2019 batch, launching crypto business accounts on multisignature wallets.
- Peak funding round
Multis closes a $7 million Series A round in February 2022, bringing total funding to over $9 million from investors including Sequoia, White Star Capital and Coinbase Ventures.
- Acquisition
In April 2024 Multis is acquired by Safe, the institutionally-secure blockchain wallet provider for DAOs, and the French entity is struck off the registry that May.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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