New Zealand markets open in 2 hours 5 minutes
  • NZX 50

    11,018.62
    +20.70 (+0.19%)
     
  • NZD/USD

    0.6244
    -0.0060 (-0.95%)
     
  • ALL ORDS

    6,953.40
    +59.80 (+0.87%)
     
  • OIL

    111.63
    +2.06 (+1.88%)
     
  • GOLD

    1,820.50
    -4.30 (-0.24%)
     

Crypto Wallet BitKeep Raises $15M at $100M Valuation

·1-min read

Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.

Singapore-based crypto wallet BitKeep announced Wednesday the close of a $15 million Series A round at a $100 million post-money valuation. The funding will help BitKeep develop a cross-chain decentralized autonomous organization (DAO) to give ecosystem ownership to wallet users.

  • Dragonfly Capital led the round with participation from KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixpor, Bixin Capital, Danhua Capital, Peak Capital and YM Capital.

  • In March, BitKeep announced that its multi-chain wallet had reached volume of 5 million transactions with more than 150,000 daily active users. The wallet supports Ethereum, Solana, BNB Chain and Polkadot, among other blockchains.

  • “With its comprehensive product, BitKeep’s next step is to serve a more global user base and is poised to become one of the leading Web 3.0 gateways,” said Dragonfly Capital Partner Mia Deng in the press release.

  • The investment marks the largest bet on a wallet company by Dragonfly Capital, a venture capital firm with around $3 billion in assets under management, said Deng. The firm previously participated in the $200 million funding round for MetaMask owner ConsenSys.

Read more: Dragonfly Capital Raises $650M for Third Crypto Fund

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting