Mike Novogratz, Goldman Sachs Invest in Startup That Stores Crypto

Bloomberg has mentioned that Mike Novogratz and Goldman Sachs Group Inc. have supported BitGo Holdings Inc., a crypto custodian, in Series B round of fundraising

Thu, 18/10/2018 - 15:02

Mike Novogratz, Goldman Sachs Invest in Startup That Stores Crypto

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On Thursday, Bloomberg has mentioned that Mike Novogratz and Goldman Sachs Group Inc. have supported BitGo Holdings Inc., a crypto custodian, in Series B round of fundraising. Both Goldman Sachs and Novogratz have put in the amount equal to approximately $15 mln. Totally, BitGo collected about $58.5 mln in this fundraising round.

Now, experts believe, the participation of the two ‘monsters’ from Wall Street may help BitGo Holdings attract well-off investors.

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BitGo Holdings Inc. has been qualified by U.S. regulators as a custodian, and now the startup provides investors with services for storing over 75 coins and tokens in digital wallets with multisignature as well as offline crypto vaults.

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.