Bitwise Raises $70M in Series

Bitwise has successfully raised $70M in a Series at a $670M valuation led by Electric Capital, Blockchain Capital.

Company Overview

Bitwise is a Crypto company headquartered in San Francisco, CA, founded in 2017 with 250+ employees.

Crypto-specialist asset manager offering index funds and ETFs

Fundraising Details

• Amount Raised: $70M
• Round Type: Series
• Valuation: $670M
• Date: 2025-02-01
• Investors: Electric Capital, Blockchain Capital

About Bitwise

Crypto-specialist asset manager offering index funds and ETFs The company is positioned in the Crypto sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: San Francisco, CA
• Founded: 2017
• Team Size: 250+
• Industry: Crypto

What This Means

This funding round demonstrates strong investor confidence in Bitwise'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. Bitwise's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $670M valuation marks an important milestone for Bitwise, positioning the company among notable players in the Crypto industry.

Looking Ahead

With this new capital, Bitwise 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 2025-02-01. For more information about Bitwise, visit their headquarters at San Francisco, CA.