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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.
Crypto wallet and blockchain technology company imToken announced today the completion of a $30 million Series B funding round.
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- 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.
See also: PureStake Raises $6M From Binance Labs, Coinbase Ventures
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