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

Dragonfly Capital led the round, which will fund a cross-chain DAO for wallet users.

By Brandy Betz

May 18, 2022 at 6:26 p.m. UTC

Updated Feb 6, 2023 at 2:26 p.m. UTC

wallet — BitKeep has closed a $15 million Series A round at a $100 million valuation. (Getty Images)

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Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

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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.

UPDATE (Feb. 6, 2023 UTC 14:19): Removed incorrect location of BitKeep headquarters.

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Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

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Brandy Betz

Brandy covers crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter