What is BitGo?
Founded in 2013 and headquartered in San Francisco, BitGo operates a sophisticated Bitcoin security platform that provides multi-signature security as a service. The company offers a comprehensive suite of tools, including online wallets for institutional clients, recovery services for private key management, and secure multi-party transaction facilitation for exchanges and e-commerce marketplaces. As a pioneer in the sector, BitGo has effectively bridged the gap between traditional financial security standards and the decentralized nature of blockchain technology, positioning itself as an essential partner for enterprises requiring institutional-grade protection for their digital holdings.
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 Liberty City Ventures, Founders Fund, Blockchain Capital, Redpoint Ventures, and Bridgescale Partners
Series C (2023): $100M led by Valor Equity Partners and GS Growth Partners
Key Investors in BitGo
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages, with a history of backing transformative firms like PayPal and SpaceX.
Blockchain Capital
Blockchain Capital is one of the earliest and most active venture investors in the blockchain industry, providing capital, domain expertise, and strategic partnerships to founders.
Redpoint Ventures
Redpoint Ventures is a venture capital firm founded in 1999 that focuses on providing strategic investment to early growth-stage technology companies.
What's next for BitGo?
With this major strategic investment, BitGo is well-positioned to accelerate its product roadmap and expand its footprint in the global digital asset ecosystem. The company is expected to leverage this capital to enhance its regulatory compliance infrastructure and scale its custody solutions to meet the increasing demand from institutional investors. As the market for digital assets matures, BitGo's focus on secure, scalable, and compliant infrastructure will likely remain a key driver of its long-term growth strategy, enabling it to capture a larger share of the enterprise-level blockchain services market.
See full BitGo company page
