What is itBit?
itBit is a prominent provider of sophisticated bitcoin trading services, meticulously engineered for institutional clients and professional traders. The company's core offerings encompass a global bitcoin exchange platform and an over-the-counter (OTC) trading desk, designed to meet the demanding requirements of high-volume and institutional-grade digital asset transactions. This focus on professional-grade infrastructure positions itBit as a key player in the evolving landscape of cryptocurrency finance.
How much funding has itBit raised?
itBit has raised a total of $28.3M across 2 funding rounds:
Angel/Seed
$3.3M
Series A
$25M
Angel/Seed (2011): $3.3M with participation from Canaan Partners, Liberty City Ventures, and RRE Ventures
Series A (2015): $25M led by Liberty City Ventures and RRE Ventures LLC.
Key Investors in itBit
Canaan Partners
Canaan Partners is a venture capital firm specializing in early-stage technology and healthcare investments, supporting companies from seed through growth stages across various sectors including fintech.
Liberty City Ventures
Liberty City Ventures is a New York-based firm focused on providing seed stage investments to support innovative startups in their early development phases.
RRE Ventures
RRE Ventures is a venture capital firm dedicated to forming long-term partnerships with founders, investing in exceptional teams and innovative ideas to foster startup growth.
What's next for itBit?
With the recent infusion of major strategic capital, itBit is poised for accelerated expansion and enhanced service development. This significant investment is expected to fuel advancements in its trading technology, broaden its global market reach, and potentially introduce new financial instruments or services tailored to institutional demand. The company's strategic direction will likely involve solidifying its competitive edge in the institutional crypto trading space, leveraging this backing to further innovate and scale its operations.
See full itBit company page
