What is BitGo?
Headquartered in San Francisco, BitGo operates as a premier Bitcoin security platform, specializing in multi-signature security-as-a-service. The company provides a comprehensive suite of tools, including online wallets for asset management and sophisticated recovery service software designed for the secure generation, storage, and protection of private keys. By bridging the gap between complex blockchain technology and enterprise requirements, BitGo enables e-commerce players and financial institutions to engage in secure, multi-party transactions. Its platform is engineered to mitigate the risks associated with digital asset custody, positioning the firm as a vital utility in the global financial infrastructure.
How much funding has BitGo raised?
BitGo has raised a total of $112M across 2 funding rounds:
Series A
$12M
Series C
$100M
Series A (2014): $12M with participation from Blockchain Capital, Founders Fund, Redpoint Ventures, Liberty City Ventures, and Bridgescale Partners
Series C (2023): $100M led by GS Growth Partners and Valor Equity Partners
Key Investors in BitGo
Blockchain Capital
A multi-stage venture firm and one of the earliest investors in the blockchain industry, providing capital and strategic expertise to projects that leverage decentralized technology.
Founders Fund
A prominent venture capital firm known for backing transformative technology companies, founded by industry veterans with a history of supporting high-growth, founder-led enterprises.
Valor Equity Partners
A Chicago-based investment firm established in 2001 that provides specialized financial services and strategic support to businesses across various growth stages.
What's next for BitGo?
With the successful closure of this major enterprise-level funding, BitGo is well-positioned to accelerate its product roadmap and expand its footprint in the global digital asset market. The strategic focus will likely center on deepening its integration with institutional financial systems and enhancing its multi-party computation capabilities. As the regulatory landscape for crypto-assets matures, BitGo's commitment to security and compliance will be instrumental in attracting further institutional adoption. The company is expected to leverage this capital to bolster its recovery services and expand its suite of institutional-grade financial products, reinforcing its status as a leader in the secure management of digital holdings.
See full BitGo company page
