Cryptocurrency services provider imToken announced that the company raised $30 million in a Series B funding round to accelerate the development of its next iteration, imToken 3.0. According to the official announcement, the latest funding round was led by Qiming Venture Partners. IDG Capital, Breyer Capital, HashKey, Signum Capital, and Longling Capital, which also participated in the Series B funding. imToken became the latest cryptocurrency wallet provider to receive funding.
imToken to use the latest funds to build a dedicated research arm.
Founded in 2016, imToken has more than 12 million users in over 150 countries. The cryptocurrency platform is planning to use the latest funds to build a dedicated research arm. Commenting on the latest announcement, He Bin, CEO and Founder of imToken, said: “We are thrilled to be partnering with such a savvy and experienced group of investors from both inside and outside of the crypto space.” “Beginning with our inception five years ago, we recognized the huge potential of blockchain technology as well as the challenges faced by the industry with regards to a need for improved user experiences, secure key management, and scalable network,” He Bin added.
Blockchain.com secured $300 million in Series C funding.
Earlier this month, Blockchain.com announced that they had secured $300 million in a Series C funding round at a valuation of $5.2 billion. The latest funding round was led by DST Global, Lightspeed Venture Partners, and VY Capital. The cryptocurrency firm mentioned that the company’s existing investors participated in the Series C funding round. Blockchain.com secured $120 million funding in February this year for strategic growth with participation from Moore Strategic Ventures, Kyle Bass, Access Industries, Rovida Advisors, and Lightspeed Venture Partners. Blockchain.com also announced earlier this month that Jim Messina, the former White House Deputy Chief of Staff, has joined the company’s Board of Directors.