# BitGo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitgo

- Industry: Financial Services
- Headquarters: Palo Alto, US
- Website: www.bitgo.com/
- Total disclosed funding: $164M
- Latest round: Series C (Aug 16, 2023)
- Investors on record: 14

## About

Based in California, US, BitGo, Inc. operates as a provider of bitcoin security platforms that enable businesses to integrate digital currencies into their financial systems. The company was founded in 2013 by its CEO Mike Belshe, Ben Davenport and Will O’Brien. In January 2026, BitGo, Inc. raised USD 212.79 million in an IPO, selling 11.82 million shares at USD 18 per share, above the expected USD 15-17 range, on the NYSE under the ticker symbol "BTGO", valuing the company at approximately USD 2.59 billion. BitGo, Inc. has granted the underwriters a 30-day option to purchase up to an additional 1.77 million shares of common stock as part of the listing. As part of the transaction, Bridgescale retained a 2.24% minority stake, Craft Ventures retained a 2.70% minority stake, Redpoint Ventures retained a 3.92% minority stake, and Valor Equity Partners retained a 4.57% minority stake in the company, respectively.

The company provides a multi-signature bitcoin wallet service, where keys are divided among a number of owners to manage risk. BitGo wallets have three keys: one held by BitGo, and two held by the wallet's owner. Wallets can be configured in both non-custodial and custodial configurations. 

BitGo also has two enterprise-focused products called BitGo cold key and BitGo enterprise. BitGo Cold Key is a multi-signature solution for cold storage and BitGo Enterprise is a multi-signature bitcoin wallet for corporations and financial institutions. BitGo serves as the sole custodian for bitcoin that people deposit to receive a tokenized form of that bitcoin known as Wrapped Bitcoin that can be exchanged on the Ethereum blockchain. In January 2026, BitGo, Inc. raised USD 212.79 million in an IPO, selling 11.82 million shares at USD 18 per share, above the expected USD 15-17 range, on the NYSE under the ticker symbol "BTGO", valuing the company at approximately USD 2.59 billion. BitGo, Inc. has granted the underwriters a 30-day option to purchase up to an additional 1.77 million shares of common stock as part of the listing. As part of the transaction, Bridgescale retained a 2.24% minority stake, Craft Ventures retained a 2.70% minority stake, Redpoint Ventures retained a 3.92% minority stake, and Valor Equity Partners retained a 4.57% minority stake in the company, respectively. The company plans to utilize the January 2026 IPO Exit funding for general corporate purposes, product development, and potential acquisition or investment in technologies, solutions, or businesses.

## Funding rounds

- Series C, Aug 16, 2023, $100M — Redpoint Ventures, Valor Equity Partners, Goldman Sachs Asset Management, DRW Venture Capital, Craft Ventures, Galaxy Ventures
- Series B, Oct 18, 2018, $16M — Galaxy Ventures, Goldman Sachs Asset Management
- Series B, Dec 1, 2017, $36M — Valor Equity Partners, DRW Trading Group, Craft Ventures
- Series A, Jun 16, 2014, $12M — Radar Partners, Redpoint Ventures, Founders Fund, Bridgescale, Liberty City Ventures, Digital Currency Group, Sound Ventures, Blockchain Capital

## Investors

- Radar Partners (https://capitalatlas.ai/funds/radar-partners) — Series A
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series C
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Bridgescale (https://capitalatlas.ai/funds/bridgescale) — Series A
- Liberty City Ventures (https://capitalatlas.ai/funds/liberty-city-ventures) — Series A
- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Series A
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series A
- Blockchain Capital (https://capitalatlas.ai/funds/blockchain-capital) — Series A
- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series B, Series C
- DRW Trading Group — Series B
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Series B, Series C
- Galaxy Ventures — Series B, Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B, Series C
- DRW Venture Capital (https://capitalatlas.ai/funds/drw-venture-capital) — Series C