When was Shyft Network founded?

Shyft Network was founded in 2017 and raised its 1st funding round 4 years after it was founded.

Where is Shyft Network located?

Shyft Network is headquartered in Bridgetown, Barbados.

How many employees does Shyft Network have?

As of Aug 31, 2026, the latest employee count at Shyft Network is 20.

Is Shyft Network a funded company?

Shyft Network is a funded company, having raised an undisclosed amount across 2 funding rounds to date. The company's 1st funding round was a $***** ICO round, raised on Mar 26, 2021.

When was the latest funding round of Shyft Network?

Shyft Network's latest funding was a $***** Seed round on 2023, with participation from 1 investor.

Where does Shyft Network rank among its competitors?

Shyft Network ranks 58th amongst 505 active competitors, of which 120 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Elliptic, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of Shyft Network?

Shyft Network's top competitors include Ledger, CertiK and Simplex. Among them, Elliptic secured the most recent funding round in July, 2026.

Shyft Network - 2026 Company Profile, Team, Funding & Competitors

Company Details

Blockchain based customer identity verification solutions. Utilizes distributed blockchain ledgers and smart contracts and enables third parties to verify the clients identity by collecting the clients data off chain using traditional processes. Verifications of the KYC data are then broadcasted to the platform, proving the information collected has been verified. The verification is associated with an individual’s signature, recorded using blockchain as an immutable transaction.

Website: www.shyft.network/
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Key Metrics

Founded Year

2017

Location

Bridgetown, Barbados

Stage

Acquired

Latest Funding Round

Seed, 2023, $*****

Investors

Odenn Ventures & 16 more

Ranked

58^th among 505 active competitors

Employee Count

20 as on Aug 31, 2026

Similar Companies

Ledger & 378 more

Exit Details

Acquired by Bitfury (Dec 11, 2019)

View Shyft Network's full profile

Shyft Network got acquired by Bitfury on Dec 11, 2019.

Click here to take a look at Shyft Network's acquisition in detail

Shyft Network has raised funding over 2 rounds. Its first funding round was on Mar 26, 2021. Its latest funding round was a Seed round on 2023 for $*****. 1 investor participated in its latest round. Shyft Network has 17 institutional investors.

Here is the list of recent funding rounds of Shyft Network:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2023	9998	Seed	2203	6666	9807	9844
Mar 26, 2021	8044825	ICO	6359099	6089772	6080772	3979132

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View details of Shyft Network's funding rounds and investors

The founders of Shyft Network are Juan Aguinaco, Kris Coward and Fredrico Nassire.

Here are the details of Shyft Network's key team members:

Juan Aguinaco: Co-Founder of Shyft Network.
Kris Coward: Cofounder And Chief Scientist of Shyft Network.
Fredrico Nassire: Co-Founder- CSO of Shyft Network.

View details of Shyft Network's Founder profiles and Board Members

Shyft Network's employee count trend

Shyft Network has 20 employees as of Aug 26. Here is Shyft Network's employee count trend over the years:

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Top competitors of Shyft Network include Ledger, CertiK and Simplex. Here is the list of Top 10 competitors of Shyft Network, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Ledger 2014, Paris (France), Series C	Blockchain based hardware wallet for cryptocurrency	$575M	10T, Samsung & 71 others	81/100
2nd	CertiK 2017, New York City (United States), Series B	Provider of blockchain security auditing and formal verification software solutions	$296M	Tiger Global Management, SoftBank Vision Fund ... & 41 others	75/100
3rd	Simplex 2014, Ramat Gan (Israel), Acquired	AI-based crypto payments and fraud prevention solutions for businesses	$19M	Cumberland Mining, FundersClub & 12 others	73/100
4th	Lukka 2014, New York City (United States), Series E	Provider of enterprise data management SaaS for digital assets	$209M	Liberty City Ventures, animoca-capital.com ... & 21 others	72/100
5th	Chainalysis 2014, New York City (United States), Series F	Blockchain data platform providing crypto insights	$538M	GIC, Benchmark & 45 others	71/100
6th	Elliptic 2013, London (United Kingdom), Series D	Provider of blockchain analytics software for digital asset risk management	$224M	Paladin Capital, SoftBank & 36 others	70/100
7th	MetaMask 2015, San Francisco (United States), Funding Raised	Developer of a platform for managing digital assets and blockchain interactions	-	SNZ, DeepTech Ventures & 4 others	69/100
8th	Solidus Labs 2017, New York City (United States), Series B	Digital asset trade surveillance solution	$83M	Evolution Equity Partners, Liberty City Ventures ... & 15 others	68/100
9th	Dynamic Acquired	Developer of software development kits for digital wallet infrastructure management	$43.3M	Andreessen Horowitz, Founders Fund & 14 others	67/100
10th	SpiderOak 2007, Northbrook (United States), Series C	Provider of zero-trust security solutions for data protection and access control	$35M	Empyrean Software, OCA Ventures & 9 others	67/100
58th	Shyft Network 2017, Bridgetown (Barbados), Acquired	Blockchain based customer identity verification solutions	-	Odenn Ventures, Aeroflex Enterprises & 15 others	44/100