Portis

Company Overview

Snapshot

Founded in May 2018 by Tom Teman and Itay Radotzki, Portis operated with 11–50 employees. The company secured funding across one round from one investor, and was acquired by ShapeShift in April 2020.

Business overview

Portis developed a non-custodial blockchain wallet platform designed to make decentralized applications (dApps) accessible to mainstream users. The company focused on simplifying interactions with dApps by offering a web-based solution that eliminated the need for installations. Utilizing end-to-end encryption, Portis enabled users to maintain control over their crypto assets while providing a familiar cloud-like experience. The platform aimed to reduce friction in blockchain technology adoption by allowing users to register with an email address. Portis operated within the Business Software sector, serving consumers in the cryptocurrency and blockchain markets.

Strategic signal

In April 2020, Portis was acquired by ShapeShift, a move that led to the cessation of its independent operations. This acquisition signaled a consolidation within the blockchain wallet space, with ShapeShift integrating Portis's technology to enhance its own offerings. For investors, this event highlighted the strategic value of user-friendly dApp access solutions and the ongoing M&A activity in the evolving blockchain ecosystem.

Company Intelligence Q&A

When was Portis founded?

Portis was founded in May 2018.

Who were the founders of Portis?

Portis was founded by Tom Teman and Itay Radotzki.

What was the primary business of Portis?

Portis developed a non-custodial blockchain wallet platform aimed at making decentralized applications accessible to mainstream users through a web-based solution.

When was Portis acquired and by whom?

Portis was acquired by ShapeShift in April 2020, after which it ceased to operate independently.