About BitGo
BitGo is a company based in Houston (United States) founded in 2021 by Youngr Lee was acquired by BitGo in February 2024. It operates as a Crypto-as-a-Service, Managed Services, and FinTech. BitGo has raised $8 million across 1 funding round from investors including BitGo, NEOWIZ and Mercury Fund. BitGo offers products and services including Qualified Custody, Real World Assets, and Capital Formation Services. BitGo operates in a competitive market with competitors including Juniper Square, iCapital, RealBlocks, FundGuard and Kanastra, among others.
- Headquarter Houston, United States
- Founders Youngr Lee
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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- Legal Name Bitgo Holdings, Inc.
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Products & Services of BitGo
BitGo offers a comprehensive portfolio of products and services, including Qualified Custody, Real World Assets, and Capital Formation Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Secure storage solutions for digital assets are provided.
APIs for alternative asset investments are offered seamlessly.
Compliant investment workflows for securities are facilitated efficiently.
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Funding Insights of BitGo
BitGo has successfully raised a total of $8M through 1 strategic funding round. The most recent funding activity was a Seed round of $8 million completed in April 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $8.0M
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First Round
First Round
(11 Apr 2023)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Apr, 2023 | Amount | Seed - BitGo | Valuation | Mercury Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in BitGo
BitGo has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include BitGo, NEOWIZ and Mercury Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage investments are directed toward US, India, and Canada firms.
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Private equity firm
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by BitGo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - BitGo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Bitgo Comparisons
Competitors of BitGo
BitGo operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Juniper Square, iCapital, RealBlocks, FundGuard and Kanastra, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Real estate investments are managed through a specialized platform.
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| domain | founded_year | HQ Location |
Software solutions are provided for managing private investments.
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| domain | founded_year | HQ Location |
RealBlocks is recognized as a digital platform for managing private funds.
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| domain | founded_year | HQ Location |
Cloud-based solutions are provided to asset managers and fund administrators.
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| domain | founded_year | HQ Location |
Alternative investment solution provider
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| domain | founded_year | HQ Location |
Financial technology company offering investment firms software solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Bitgo
Frequently Asked Questions about BitGo
When was BitGo founded?
BitGo was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Where is BitGo located?
BitGo is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Who is the current CEO of BitGo?
Youngr Lee is the current CEO of BitGo. They have also founded this company.
Is BitGo a funded company?
BitGo is a funded company, having raised a total of $8M across 1 funding round to date. The company's 1st funding round was a Seed of $8M, raised on Apr 11, 2023.
What does BitGo do?
BitGo is recognized for offering digital asset infrastructure solutions. Services include qualified custody for secure storage, real world asset investment infrastructure through purpose-built APIs, and capital formation services for compliant workflows. The company caters to institutional investors, trading firms, and investment platforms. Emphasis is placed on security and compliance with industry-leading standards. Operations span across multiple regions including APAC and MENA. Innovative technology is utilized to support growth in the financial technology sector.
Who are the top competitors of BitGo?
BitGo's top competitors include Juniper Square, iCapital and FundGuard.
What products or services does BitGo offer?
BitGo offers Qualified Custody, Real World Assets, and Capital Formation Services.
Who are BitGo's investors?
BitGo has 10 investors. Key investors include BitGo, NEOWIZ, Mercury Fund, Valor Equity Partners, and Long Journey Ventures.
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