BitGo Raises $100 Million at $1.75 Billion Valuation

BitGo is a leading digital asset trust firm. With cutting-edge technology and a commitment to safeguarding digital wealth, BitGo is revolutionizing the way individuals and institutions manage their digital assets. Currently, BitGo facilitates the management of a diverse portfolio of over 200 coins and tokens, with an impressive wallet holding of over $2 billion in assets.   

BitGo has raised $100 million in a Series C round, which brings its valuation to $1.75 billion. The fresh funding will be used to strengthen BitGo’s secure and regulated custody, wallet, and infrastructure solutions on a global scale and to facilitate strategic acquisitions.  

BitGo, Palo Alto, California, United States, was founded in 2013 by Ben Davenport, Mike Belshe, and Will O’Brien. “Not only are we seeing growing demand for regulated custody solutions in the US, but we’re also seeing the demand on a global scale,” said BitGo CEO Mike Belshe. “We are very pleased to announce our $100M Series C for the purpose of meeting this growing need and to provide institutions, brands, coin foundations, and others with secure and seamless participation in the digital asset ecosystem.”

Previous Post

TechMet Raises $200 Million

Next Post

Hive AI Seeks to Raise $200 Million at $4 Billion Valuation

Related Posts