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BitGo - Series C
Overview
Funding Date
August 16, 2023
Financing amount
$100M
Valuation
$1.75B
Catagory
Subcategory
About BitGo - Series C
Crypto custodian BitGo has raised $100 million at a valuation of $1.75 billion in Series C funding round. The new investors are from United States and Asia. Some of the backers came from outside the cryptocurrency industry. The newly raised funds will be deployed to make strategic acquisitions and expand BitGo’s secure and regulated custody, wallet and infrastructure solutions globally.
Founders & Team
Mike Belshe
Ben Davenport
Company Profile / Project Introduction
BitGo is the leader in digital asset security, custody, and liquidity, providing the operational backbone for more than 1,500 institutional clients in over 50 countries – a list that includes many regulated entities and the world’s top cryptocurrency exchanges and platforms. BitGo offers market-leading trading, lending, and borrowing services through its prime brokerage services and acts as the custodian for WBTC, the leading global stablecoin for Bitcoin.