Cryptocurrency Wallet Startup imToken Completes $30M Series B Funding Round

The funding round was led by Qiming Venture Partners, and included Signum Capital, HashKey and IDG Capital.

AccessTimeIconMar 31, 2021 at 11:23 a.m. UTC
Updated Sep 14, 2021 at 12:34 p.m. UTC

Crypto wallet and blockchain technology company imToken announced today the completion of a $30 million Series B funding round.

  • The round was led by Qiming Venture Partners, with returning investor IDG Capital also participating along with new investors Signum Capital, HashKey and Breyer Capital.
  • imToken has over 12 million users and over $50 billion in assets are managed on its platform, the announcement Wednesday said.
  • The Singapore-based company offers a non-custodial wallet and a hardware wallet and claims to be Asia’s largest crypto wallet provider.
  • The capital raised will be used to develop “imToken 3.0”, a suite of services including keyless accounts and account recovery and which provides access to decentralized finance (DeFi) services.
  • The funding will also be invested in expanding the company’s recruitment efforts and building a research arm called imToken Labs.

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Investing in the Future of the Digital Economy
October 18-19 | Spring Studio, NYC