About BitGo
BitGo is a company based in Palo Alto (United States) founded in 2013 was acquired by Galaxy in May 2021.. BitGo has raised $170.5 million across 7 funding rounds from investors including Goldman Sachs, Galaxy and Brink's India. BitGo has completed 5 acquisitions, including BitGo, BitGo and HeightZero. BitGo offers products and services including Wallets, Prime Services, and Go Network. BitGo operates in a competitive market with competitors including Palantir, Consensys, Luno, Uphold and Coins.ph, among others.
- Headquarter Palo Alto, United States
- Stage Unicorn
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Sectors
Financial ServicesTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Bitgo Trust Company, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$170.5 M (USD)
in 7 rounds
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Latest Funding Round
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Investors
Goldman Sachs
& 18 more
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Employee Count
Employee Count
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Investments & Acquisitions
BitGo
& 4 more
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Acquired by
Galaxy
(May 05, 2021)
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Products & Services of BitGo
BitGo offers a comprehensive portfolio of products and services, including Wallets, Prime Services, and Go Network. 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 for digital assets via hot and cold options
Access to liquidity and capital for asset management
Real-time global settlement for digital assets
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Sales and Marketing
3 people
Leadership Team
2 people
Head Team
1 people
Software Development Team
1 people
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Funding Insights of BitGo
BitGo has successfully raised a total of $170.5M across 7 strategic funding rounds. 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 7
- Last Round Last Round
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First Round
First Round
(16 Jun 2014)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series C - BitGo | Valuation | Brink |
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| Aug, 2023 | Amount | Series C - BitGo | Valuation |
investors |
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| Dec, 2020 | Amount | Token Sale - BitGo | Valuation |
investors |
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| 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 19 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, Galaxy and Brink's India. 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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Redpoint Ventures is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Private equity firm
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Founded Year | Domain | Location | |
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Venture capital fund focused on SaaS and consumer 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
BitGo has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include BitGo, BitGo and HeightZero. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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API infrastructure is provided for private securities and alternative investments.
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2021 | ||||
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Crypto trading, tax, lending, and training services are provided online.
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2019 | ||||
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Digital asset portfolio management, accounting, and tax solutions are provided.
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2018 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
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 Palantir, Consensys, Luno, Uphold and Coins.ph, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform that provides data analysis and management solutions
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| domain | founded_year | HQ Location |
Developer of blockchain and web3 software platform
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| domain | founded_year | HQ Location |
Mobile app for storing and trading cryptocurrencies is utilized.
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| domain | founded_year | HQ Location |
App-based wallet and exchange platform for cross-border money transfers
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| domain | founded_year | HQ Location |
Digital wallet for Bitcoin assets
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| domain | founded_year | HQ Location |
Crypto trading, loans, interest accounts, and wallets are offered online.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 2013 and raised its 1st funding round 1 year after it was founded.
Where is BitGo located?
BitGo is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is BitGo a funded company?
BitGo is a funded company, having raised a total of $170.5M across 7 funding rounds to date.
What does BitGo do?
BitGo was founded in 2013 in Palo Alto, United States, within the cryptocurrency financial services sector. Digital asset custody, trading, and lending solutions are offered to institutional investors and platforms. Regulated and insured storage is maintained, including cold storage to address counterparty risks, along with whitelisting, user permissions, and velocity controls for security. Operations focus on secure management of crypto assets.
What products or services does BitGo offer?
BitGo offers Wallets, Prime Services, and Go Network.
How many acquisitions has BitGo made?
BitGo has made 5 acquisitions, including BitGo, BitGo, and HeightZero.
Who are BitGo's investors?
BitGo has 19 investors. Key investors include Goldman Sachs, Galaxy, Brink's India, Redpoint Ventures, and Valor Equity Partners.
What is BitGo's valuation?
The valuation of BitGo is $1.75B as of Aug 2023.
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