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Bitkeep raises USD 15 million in Series A funding
Decentralized Finance (DeFi)
May 18, 2022
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Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

May 18, 2022

Bitkeep raises USD 15 million in Series A funding

Funding

  • BitKeep, a Singaporean DeFi wallet provider, raised USD 15 million in Series A funding at a post-money valuation of USD 100 million. The round was led by Dragonfly Capital with participation from KuCoin Ventures, A&T Capital, Foresight Ventures, SevenX, Matrixpor, and Bixin Capital, among others.

  • The funds will be used to develop a cross-chain decentralized autonomous organization (DAO) for BitKeep to enable wallet users to have ecosystem ownership.

<ul><li> Analyst QuickTake : The DeFi wallet space has seen growth during the last month, with startups such as Argent raising USD 40 million in Series B funding in April and Robinhood entering the space with the launch of its DeFi wallet. BitKeep aims to differentiate itself from its competition by offering users access to a marketplace for decentralized applications with over 8,000 dApps.</ul>

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