Cryptocurrency wallet and custody startup BitGo raises $57.5MDuncan Riley / SiliconANGLE - 1 year ago
  • Enterprise cryptocurrency wallet and custodial services startup BitGo Inc. Thursday said it has raised $57.5 million in new funding to support the development of its “$1 trillion crypto wallet.”
  • The Series B round included Goldman Sachs, Galaxy Digital Ventures, Valor Equity Partners, Craft Ventures, DRW and Redpoint Ventures. BitGo last raised $42.5 million in a December 2017 round.
  • Founded in 2013, BitGo offers an enterprise-grade multiuser cryptocurrency wallets as well as application programming interface access to its underlying security platform.
  • Working off its core cryptocurrency wallet service, BitGo now offers institutional investors with security, compliance and custodial solutions for blockchain-based currencies. The provision of custodial services is notable.