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.
Mar 31, 2021 at 11:23 a.m. UTCUpdated Aug 19, 2021 at 8:28 a.m. UTC
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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.
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