Monday, December 11, 2017

BitGo Picks Up $42.5M For Bitcoin Wallet

Palo Alto-based BitGo, a developer of Bitcoin wallet software, has raised $42.5M in a Series B funding, the company said this morning. The funding was led by Valor Equity Partners, and also included angels David Sacks and Bill Lee, along with DRW. Antonio Gracias of Valor Equity Partners joins the company's board of directors as part of the funding. BitGo's CEO is Mike Belshe, the company's Chairman is Bill Lee.