Ukrainian-Estonian startup Salto X raises EUR 5.2 million for Web3 alternative to stock options

11 July, 12:42 PM
Salto X raised more than more than 5 million euros of investment (Photo:Salto X)

Salto X raised more than more than 5 million euros of investment (Photo:Salto X)

Startup Salto X has raised more than EUR 5 million to develop a Web3 alternative to stock options, according to a message posted on the startup’s site on July 8.

The Web3 solution is intended to simplify startup stock option programs for remote employees. The project offers a solution that replaces traditional employee option programs with distributable tokens using a smart contract.

The startup received the first round of investment from ByFounders, Blockwall, Box Group, 3Commas and a number of angel investors.

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The startup was founded by the co-founder of the Estonian unicorn “Pipedrive”, Ragnar Sass, and the head of his other project, Kyiv-based coworking LIFT99, Tanya Chaikovska. 

Earlier last month an online platform for investing amounts of $10,000 or more in startups was launched in Ukraine.

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