About itBit
itBit is a company based in Tower (United States) founded in 2012. itBit has raised $28.25 million across 2 funding rounds from investors including Canaan, RRE Ventures and Liberty City Ventures. itBit operates in a competitive market with competitors including Coinbase, Bitso, KuCoin, Kraken and Coinsquare, among others.
- Total Equity Funding$28.25M (USD)
in 2 rounds
- Latest Funding Round$25M (USD), Series A
May 2015
- InvestorsCanaan
& 4 more
Funding Insights of itBit
itBit has successfully raised a total of $28.25M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $25 million completed in May 2015. 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 $28.25M
- Total Rounds 2
- Last Round Series A — $25M
- First Round $3.25M
(Nov 2013)
- Investors Count 5
All 2 funding rounds of itBit with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2015 | $25M | Series A | – | James Pallotta | |
| Nov 2013 | $3.25M | Seed | – | Canaan, RRE Ventures |
5 investors in total: 3 institutional and 2 angel.
Investors in itBit
itBit has secured backing from 5 investors, including venture fund and angel investors. Prominent investors backing the company include Canaan, RRE Ventures and Liberty City Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
VC firm investing in seed and early stage companies in the US | – | rre.com | New York, United States | |
Venture capital and incubation are provided for blockchain technology firms. | – | libertycityventures.com | New York, United States | |
Canaan is recognized as an early-stage venture capital firm. | 1987 | canaan.com | San Francisco, United States | |
JW Jay W. Jordan II | - | – | unknown_a65ffacba8404a21b | - |
JP James Pallotta | - | – | unknown_869e4ed3ed1c4d26b | - |
Investor details for itBit
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of itBit
24 people are tracked at itBit (10 in leadership, 6 in board & advisors, 8 in team).
| Name | Role | Group |
|---|---|---|
Eric Gay | Interim Chief Information Security Officer | Leadership |
Walter Hessert | Head of Strategy | Leadership |
Shane Toole | Head Of Employer Brand & Internal Communications | Leadership |
Brandon Zorner | Vp, Sales | Leadership |
Rich Teo | Co-Founder & CEO, Asia | Leadership |
Charles Cascarilla | CEO & Co-Founder | Leadership |
Rebecca McClain | Director Of Communications | Leadership |
Mina Alanoly | Director, Strategic Partnerships | Leadership |
Leighton Dellinger | Head Of Legal And Corporate Secretary | Leadership |
Emma Tupa | Chief Of Staff | Leadership |
Scott Malpass | Board Member | Board & advisors |
Bill Bradley | Board Member | Board & advisors |
Brian Stern | Board Member | Board & advisors |
Jim Manzi | Board Member | Board & advisors |
Patricia Kemp | Board Member | Board & advisors |
J. Christopher Giancarlo | Board Member | Board & advisors |
Max Fantle | Corporate Development And Strategy | Team |
Ashley do | Senior Strategic Finance Analyst | Team |
Patrick Hessert | Senior Executive Officer, Paxos Middle East | Team |
John Dinapoli | Counsel, Partnerships | Team |
4 more people are available in the full profile.
Complete people profiles for itBit
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of itBit
3 dated milestones of itBit across 3 years, from founding to its latest funding, stage changes and deals.
- Founded itBit is founded.
- Funding First funding round of $3.2M.
- Funding Latest funding round, Series A, of $25.0M.
Competitors of itBit
itBit 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 Coinbase, Bitso, KuCoin, Kraken and Coinsquare, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| coinbase.com | 2012 | San Francisco, United States | $546.62M | 3,416 | Cryptocurrency trading, storage, and exchange services are offered online. | |
| bitso.com | 2014 | Mexico | $331.35M | – | Cryptocurrencies are traded and exchanged through an online platform. | |
| kucoin.com | 2017 | Mahe, Seychelles | $180M | – | Cryptocurrencies are bought, sold, and traded via this exchange platform. | |
| kraken.com | 2011 | San Francisco, United States | $32.49M | 4 | Provider of an app-based trading and exchange platform for cryptocurrency | |
| coinsquare.com | 2014 | Toronto, Canada | $124.67M | – | Digital assets are bought, sold, and traded on Coinsquare. | |
| wealthsimple.com | 2014 | Toronto, Canada | $1.29B | 1,251 | Online robo advisory and stock trading services are provided. | |
| bitflyer.com | 2014 | Chiba, Japan | $36.61M | 15 | Bitcoin is bought, sold, and traded via an online platform. | |
| coinlist.co | 2017 | San Francisco, United States | $119.2M | 27 | App-based trading platform for cryptocurrency | |
| binance.us | 2019 | San Francisco, United States | $200M | – | Cryptocurrency trading is enabled through a mobile application platform. |
Detailed competitors of itBit
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of itBit
Websites that share an audience with itBit (itbit.com).
Websites whose visitors overlap most with itBit. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
anxbtc.com | anxbtc.com | 100% | – | – | – |
| bitstamp.net | 95% | 672.4K | #65,464 | View details | |
planetbtc.com | planetbtc.com | 85% | – | – | – |
| btc-e.com | 84% | – | – | View details | |
bitcoinexchangeguide.com | bitcoinexchangeguide.com | 82% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 20 similar websites and full traffic analytics for itBit
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 20 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Itbit
Complete news archive for itBit
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to itBit
10 companies that operate in the same segment as itBit (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about itBit
itBit was founded in 2012 and raised its 1st funding round 1 year after it was founded.
itBit is headquartered in Tower, United States. It is registered at Tower, Minnesota, United States.
itBit is a funded company, having raised a total of $28.25M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.25M, raised on Nov 2013.
Founded in 2012, itBit is operated as a cryptocurrency trading platform headquartered in the United States. Digital assets such as Bitcoin, Bitcoin Cash, Ethereum, and Litecoin are supported for buying, selling, and trading. Access is provided via APIs over encrypted networks, with crypto custody services and dedicated exchange and trading desks available to users in the fintech sector.
itBit has 5 investors. Key investors include Canaan, RRE Ventures, Liberty City Ventures, Jay W. Jordan II, and James Pallotta.