Palo Alto-based cryptocurrency custody now one step closer to double-unicorn status
, BitGo stated that it witnessed a 60% increase in new clients and 40x growth in assets staked in 2023. Funds raised will be deployed for strategic expansion of the acquisitions program as well as for upgrading custody, wallet and infrastructure solutions.
The platform's CEO, Mike Belshe, stresses that Series C funding's success is evidence of growing demand for reliable and scalable infrastructure solutions in the Web3 sphere:Not only are we seeing growing demand for regulated custody solutions in the US, but we're also seeing the demand on a global scale.
In 2017-2018 Series B funding rounds backed by GS Growth and Valor Equity Partners, BitGo raised over $60 million. Its $14 million Series A round saw the participation of Redpoint in 2014.
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