• FOUNDING YEAR: 2011
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Multi-signature security for cryptocurrency payments. Its product includes: BitGo Enterprice, BitGo Platform, Web Wallet
MAIN CLIENTS:
CME Group, The Royal Mint
EXISTING PARTNERSHIPS:
TradeBlock, Binary Financial

PEOPLE

FOUNDERS:
Ben Davenport, Mike Belshe, Will O'Brien
Board Members and Advisors:
Brock Pierce, James Hong, Stratton Sclavos, Jeff Brody
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Goldman Sachs, Galaxy Digital, Jeffrey S. Skoll, A-Grade Investments, Bitcoin Opportunity Fund, Eric Hahn, Bill Lee, Bridgescale Partners, Crypto Currency Partners, Liberty City Ventures, Radar Partners, RedPoint Ventures, Valor Equity Partners, BitFury Capital, Founders Fund
KEY EMPLOYEES:
Mike Belshe(CTO); Will O. Brien(CEO)

TRACTION

ACTIVE USERS COMMENT:
BitGo is processing more than $8 billion transactions per month (Dec 2017).
COMMENT:
BitGo’s technology solves the most difficult security, compliance and architectural problems associated with blockchains, enabling businesses to integrate digital currencies into their existing financial systems (Dec 2017).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$84.5 Millions
DATE OF LAST FUNDING:
Oct 2018
TOTAL FUNDING COMMENT:
The funding will be used to accelerate the momentum of its technology among institutional investors.
FUNDING SERIES:
SERIES A
$12 Million Closed: Jun 2014
SERIES B
$72.5 Millions Closed: Oct 2018
LISTED:
NO

LATEST RESEARCH