BitGo joined the Unicorn Club after raising $171.5 million across multiple funding rounds, reaching a $2 billion valuation. Founded in 2013 and headquartered in Palo Alto, California, United States, BitGo provides institutional grade digital asset custody, wallet infrastructure, and security solutions for cryptocurrency businesses, exchanges, and financial institutions.
The company supports secure storage, transaction management, and compliance for digital assets at scale.
Keep reading to learn how BitGo became a trusted infrastructure provider in the crypto ecosystem.
What Is BitGo and What Does It Do?
Founded in 2013, BitGo is a digital asset infrastructure company specializing in secure custody, wallets, and transaction services for cryptocurrencies. The platform offers multi signature wallets, cold storage, and regulated custody services designed for institutional clients.
BitGo serves cryptocurrency exchanges, asset managers, hedge funds, and enterprises by providing secure key management, settlement, staking, and compliance focused solutions. Its technology enables organizations to safely manage digital assets while meeting regulatory and operational requirements.
How Much Funding Has BitGo Raised?
1. Seed Round
- Amount Raised: $2 million
- Date: 2013
- Lead Investors: Founders Fund, Angel investors
- Purpose: Build secure multi signature Bitcoin wallet infrastructure
2. Series A Round
- Amount Raised: $12 million
- Date: 2014
- Lead Investors: Redpoint Ventures
- Purpose: Expand wallet services and scale security engineering
3. Series B Round
- Amount Raised: $42.5 million
- Date: 2017
- Lead Investors: Valor Equity Partners
- Purpose: Scale enterprise adoption and expand institutional services
4. Series C Round
- Amount Raised: $100 million
- Date: 2021
- Valuation: Approximately $2 billion
- Lead Investors: Goldman Sachs, DRW Venture Capital
- Purpose: Expand regulated custody services, global licensing, and product offerings
5. Strategic and Extension Capital
- Amount Raised: $15 million
- Date: 2022
- Type: Strategic extension
- Purpose: Support continued platform growth and operational expansion
Total Funding Raised: $171.5 million Latest Funding Date: 2022 Latest Known Valuation: $2 billion
Key Investors
- Goldman Sachs
- Details: Global investment bank and financial services firm
- Focus Areas: Financial infrastructure, digital assets, institutional platforms
- Valor Equity Partners
- Details: Growth equity firm backing market leading companies
- Focus Areas: Technology enabled infrastructure and financial services
- Redpoint Ventures
- Details: Venture capital firm investing across early and growth stages
- Focus Areas: Enterprise software, fintech, and security platforms
- DRW Venture Capital
- Details: Venture arm of global trading firm DRW
- Focus Areas: Blockchain, fintech, and market infrastructure
- Founders Fund
- Details: Early stage venture capital firm
- Focus Areas: Disruptive technology and financial innovation
Where Is BitGo’s Headquarters?
BitGo is headquartered in Palo Alto, California, United States, serving as the core hub for its engineering, security operations, and institutional client services.
What’s Next for BitGo?
BitGo plans to expand its regulated digital asset custody services globally, add support for additional blockchain networks, and deepen offerings for institutional investors. The company is focused on compliance driven growth, secure infrastructure innovation, and enabling broader adoption of digital assets across financial markets.
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