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.
Updated Sep 14, 2021 at 12:34 p.m. UTC
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/T3HBNSG3QJAFBOKO7LKNKUOVLY.jpg )
praveen-kumar-mathivanan-f-N9JQR9Er4-unsplash
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.
DISCLOSURE
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.
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/DFJU3SXCCNFAVM6CR4XNWCA6FY.png )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FQ4UZMACJJEVHOUWDXMNDNGKUI.jpeg )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GEQX7QE6YZGEPEBIKYPM5XZ2N4.png )
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/5STHS7QJQFGJBP3TK23HIENQEY.jpeg )
