Crypto wallet BitKeep raises $15 million at $100 million valuation

Crypto wallet BitKeep raises $15 million at $100 million valuation

Dragonfly Capital led the round that will fund a cross-chain DAO for Wallet users.

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

  • 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 a volume of five 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," Mia Deng, partner at Dragonfly Capital, said in the press release.
  • The investment is the largest bet on a wallet company by Dragonfly Capital, a venture capital firm with about $3 billion in assets under management, Deng said. Previously, Dragonfly Capital participated in the $200 million funding round for MetaMask owner ConsenSys.