Share this article
Crypto Wallet BitKeep Raises $15M at $100M Valuation
Dragonfly Capital led the round, which will fund a cross-chain DAO for wallet users.
By Brandy Betz
Updated May 9, 2023, 3:46 a.m. Published May 18, 2022, 6:26 p.m.
Crypto wallet BitKeep announced Wednesday the close of a $15 million Series A round at a $100 million post-money valuation. The funding will help BitKeep develop a cross-chain decentralized autonomous organization (DAO) to give ecosystem ownership to wallet users.
- 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.
- In March, BitKeep announced that its multi-chain wallet had reached volume of 5 million transactions with more than 150,000 daily active users. The wallet supports Ethereum, Solana, BNB Chain and Polkadot, among other blockchains.
- “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.
- The investment marks the largest bet on a wallet company by Dragonfly Capital, a venture capital firm with around $3 billion in assets under management, said Deng. The firm previously participated in the $200 million funding round for MetaMask owner ConsenSys.
Read more: Dragonfly Capital Raises $650M for Third Crypto Fund
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
UPDATE (Feb. 6, 2023 UTC 14:19): Removed incorrect location of BitKeep headquarters.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Amplify ETFs targeting stablecoin and tokenization sectors open for trade
The two funds — STBQ and TKNQ — each come with a 69 basis point expense ratio.
What to know:
- Asset manager Amplify ETFs has brought to market two funds offering exposure to stablecoins and tokenized assets.
- STBQ focuses on stablecoin technology, while TKNQ focuses on tokenization technology, tracking specific MarketVector indexes.
- The funds each come with a 69 basis point expense ratio.
Top Stories
