What is BitGo?
Founded in 2013 and headquartered in San Francisco, California, BitGo operates a sophisticated Bitcoin security platform. The company offers a multi-signature security as a service solution, providing clients with a secure online Bitcoin wallet for managing their digital assets. BitGo's platform also includes a recovery service software designed for the secure generation, storage, protection, and backup of private keys. This robust infrastructure enables exchanges, marketplaces, and e-commerce businesses to facilitate secure multi-party transactions, solidifying BitGo's role as a critical security provider in the cryptocurrency ecosystem.
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 Founders Fund, Redpoint Ventures, Blockchain Capital, Liberty City Ventures, and Bridgescale Partners
Series C (2023): $100M led by GS Growth Partners and Valor Equity Partners
Key Investors in BitGo
GS Growth Partners
GS Growth Partners is a boutique life sciences consulting firm that specializes in strategy, commercial development, brand planning, and analytics. They collaborate with cross-functional teams to create unique strategies for corporate, brand, and asset levels, focusing on all stages of the pipeline from discovery to post-launch.
Valor Equity Partners
Valor Equity Partners provides financial services to businesses in the scope of investment activities. This company is headquartered in Chicago, Illinois and was established in 2001.
Founders Fund
Founders Fund invests in the world's most important and valuable companies across all geographies, sectors and stages. The firm's partners have been founders and early funders of companies including PayPal, SpaceX, Palantir, Anduril, Airbnb, Stripe and Facebook.
What's next for BitGo?
The substantial enterprise-level funding, including the recent strategic investment, positions BitGo for accelerated growth and innovation. This capital infusion is expected to fuel the expansion of its security offerings, potentially leading to new product development and enhanced platform capabilities. BitGo's focus on security and its established client base among exchanges and marketplaces suggest a strategic direction aimed at further solidifying its market leadership and addressing the evolving security needs within the digital asset industry. The company's trajectory indicates a continued commitment to providing best-in-class security solutions for Bitcoin and other digital assets.
See full BitGo company page
