Cryptocurrency wallet and blockchain icon startup imToken raises $30 million Series B

imToken , the blockchain computer startup and crypto cash developer, announced today it provides raised $30 million inside Series B funding provided by Qiming Venture Wifes. Participants included returning individual IDG Capital, and novel backers Breyer Capital, HashKey, Signum Capital, Longling Cabeza, SNZ and Liang Xinjun, the co-founder of Fosun International.

Formed in 2016, the startup’s last funding announcement appeared to be to for its $10 million Season A, led by IDG, in May 2018. imToken suggests its wallet for Ethereum, Bitcoin and other cryptocurrencies contains 12 million users and over $50 billion in sources are currently stored on dwelling platform, with total purchase value exceeding $500 million.

The company was launched in Hangzhou, China, before moving into it current headquarters to Singapore, and about 70% of its slimmers are in mainland China, and then markets including South Korea, the United States and Southeast Eastern medicine.

imToken uses its latest funding to design features for “imToken various. 0. ” This will use keyless accounts, account recovery and and a suite on decentralized finance services. In addition it plans to expand the company’s research arm for blockchain technology, called imToken System and open offices in more countries. It currently has team of 78 citizens, based in mainland China, the american and Singapore, and expects to build its headcount to 95 this year.

From a press statement, Qiming Enter Partners founding managing ex Duane Kuang said, “In the next ten to twenty years, blockchain will revolutionize the several financial industry on a world wide scale. We believe that imToken is riding this event, and has strongly positioned simply by itself in the market. ”

Article Categories:
Cryptocurrency · Technology