BitGo

cryptocurrency

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 03/12/2020

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MEDICI Analysis

BitGo is a bitcoin platform which acts as security as a service.

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

Traction

ACTIVE USERS COMMENT:

BitGo is processing more than $8 billion transactions per month (Dec 2017).

TRACTION 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).

People

FOUNDERS

Will O'Brien

Ben Davenport

Michael Belshe

Mike Belshe

BOARD MEMBERS AND ADVISORS

Brock Pierce

James Hong

Stratton Sclavos

Jeff Brody

NUMBER OF EMPLOYEES

51-200

INVESTORS:

A-Grade Investments

Bill Lee

Bitcoin Opportunity Fund

BitFury Capital

Blockchain Capital

Bridgescale Partners

Craft Ventures

Crypto Currency Partners

Digital Currency Group

Eric Hahn

Founders Fund

Galaxy Digital

Goldman Sachs

Jeffrey S. Skoll

Liberty City Ventures

Radar Partners

RedPoint Ventures

Valor Equity Partners

Ben Davenport

Capricorn Investment Group

Redpoint

David Sacks

DRW

Galaxy Digital LP

GS Growth

KEY EMPLOYEES:

Mike Belshe(CTO); Will O. Brien(CEO)

Momentum

FUNDED

YES

TOTAL FUNDING

$27 M

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 M  · Jun 2014

SERIES B  · $15 M  · Oct 2018

LISTED

NO

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