BitGo Raises $100M in Series C

BitGo has successfully raised $100M in a Series C at a $1.75B valuation led by Goldman Sachs.

Company Overview

BitGo is a Crypto company headquartered in Palo Alto, CA, founded in 2013 with 400+ employees.

Digital asset custody and security

Fundraising Details

• Amount Raised: $100M
• Round Type: Series C
• Valuation: $1.75B
• Date: 2024-05-28
• Investors: Goldman Sachs

About BitGo

Digital asset custody and security The company is positioned in the Crypto sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: Palo Alto, CA
• Founded: 2013
• Team Size: 400+
• Industry: Crypto

What This Means

This funding round demonstrates strong investor confidence in BitGo's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Crypto sector continues to attract significant investment as companies innovate to meet evolving market demands. BitGo's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $1.75B valuation marks an important milestone for BitGo, positioning the company among notable players in the Crypto industry.

Looking Ahead

With this new capital, BitGo is well-positioned to execute on its growth strategy and continue building innovative solutions in the Crypto space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-05-28. For more information about BitGo, visit their headquarters at Palo Alto, CA.