Crypto Wallet BitKeep Raised $15M At $100M Valuation

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

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.
March BitKeep announced the multi-chain wallet has processed more than 5 million transactions per day and has over 150,000 users. It supports Ethereum, Solana and BNB Chain, as well as Polkadot.
“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.
Deng said that this investment represents Dragonfly Capital’s largest bet on wallet companies. The venture capital firm has approximately $3 billion under management. The firm previously participated in the $200 million funding round for MetaMask owner ConsenSys.
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