BitGo

company

About

BitGo is an institutional digital asset financial services company that provides clients with security, custody, and liquidity solutions.

Details

Last Funding Type
Series Unknown
Industries
Bitcoin,Cryptocurrency,Financial Services,FinTech,Virtual Currency
Founded date
Jan 1, 2013
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
BitGo, Inc.
Also Known As
Bit Go,BitGo Inc., BitGo Trust

BitGo is an institutional digital asset financial services company that provides clients with security, custody, and liquidity solutions. BitGo supports over 200 coins and tokens, and has over $2 billion in assets in its wallet. The company's customer base includes cryptocurrency exchanges and spans more than 50 countries. In 2018, the company introduced BitGo Custody and launched BitGo Trust Company, a qualified custodian purpose-built for storing digital assets.

Ben Davenport, Michael Belshe, and Will O'Brien founded BitGo in 2013 in Palo Alto, California.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
$69.50M
BitGo has raised a total of $69.50M in funding over 2 rounds. Their latest funding was raised on Feb 8, 2022 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 8, 2022 Series Unknown 1 Detail
Apr 1, 2019 Series B Detail
Oct 18, 2018 Series B $15M 2 Detail
Dec 11, 2017 Series B $42.50M 9 GS Growth
Valor Equity Partners
Detail
Sep 4, 2014 Series Unknown 1 BitFury Capital Detail

Investors

Number of Lead Investors
Number of Investors
4
21
BitGo is funded by 21 investors. Valor Equity Partners and BitFury Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Valor Equity Partners Yes Series B
BitFury Capital Yes Series Unknown
Pantera Capital Series Unknown
Galaxy Digital Series B
GS Growth Series B
Digital Currency Group Series B
Bill Lee Series B
Craft Ventures Series B
David O. Sacks Series B
DRW Series B

Employee Profiles

Number of Employee Profiles
25
BitGo has 25 current employee profiles, including Executive Chen Fang
Executive
Executive
Executive
Executive

Acquisition

BitGo has acquired 3 organizations. Their most recent acquisition was Hedge on Oct 3, 2019. They acquired Hedge for 0.

Date Company Name
Industry Acquisition Type Price
Oct 3, 2019 Hedge
Financial Services acquisition Detail
Feb 18, 2020 Harbor
Blockchain acquisition Detail
Apr 14, 2020 Lumina
Financial Services acquisition Detail