What is itBit?
itBit offers powerful bitcoin trading services tailored for institutions and professional traders. The company's core offerings include a global bitcoin exchange and an over-the-counter (OTC) trading desk, providing robust infrastructure for digital asset transactions. This focus positions itBit as a key player in the evolving landscape of cryptocurrency financial services, catering to sophisticated market participants.
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 RRE Ventures, Canaan Partners, and Liberty City Ventures
Series A (2015): $25M led by RRE Ventures LLC. and Liberty City Ventures
Key Investors in itBit
RRE Ventures
RRE Ventures is a venture capital firm dedicated to supporting founders at critical stages of their business journey, investing in a diverse portfolio of startups and focusing on long-term partnerships with entrepreneurs.
Canaan Partners
Canaan is an early-stage venture capital firm that invests in technology and healthcare companies, backing founders from seed through growth stages in areas such as enterprise software, fintech, biopharma, and digital health.
Liberty City Ventures
Liberty City Ventures is a New York-based firm that focuses on providing seed stage investments to issuers and entrepreneurs, aiming to support innovative startups in their early stages of development.
What's next for itBit?
The substantial enterprise-level funding and strategic investment received by itBit indicate a strong market validation and provide the necessary capital for scaling operations, enhancing technological infrastructure, and expanding its service offerings. This financial backing is expected to fuel further innovation in institutional-grade bitcoin trading solutions and solidify its competitive advantage in the fintech space.
See full itBit company page
