Home / Gadgets / Cryptocurrency wallet and blockchain tech startup imToken raises $30 million Series B

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


Cryptocurrency wallet and blockchain tech startup imToken raises $30 million Series B – TechCrunch

ImToken, the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. Participants included returning investor IDG Capital, and new backers Breyer Capital, HashKey, Signum Capital, Longling Capital, SNZ and Liang Xinjun, the co-founder of Fosun International.

Founded in 2016, the startup’s last funding announcement was for its $10 million Series A, led by IDG, in May 2018. ImToken says its wallet for Ethereum, Bitcoin and other cryptocurrencies now has 12 million users, and over $50 billion in assets are currently stored on its platform, with total transaction value exceeding $500 billion.

The company was launched in Hangzhou, China, before moving to it current headquarters to Singapore, and about 70% of its users are in mainland China, followed by markets including South Korea, the United States and Southeast Asia.

ImToken will use its latest funding to build features for “imToken 3.0.” This will include keyless accounts, account recovery and a suite of decentralized finance services. It also plans to expand its research arm for blockchain technology, called imToken Labs and open offices in more countries. It currently has a team of 78 people, based in mainland China, the United States and Singapore, and expects to increase its headcount to 100 this year.

In a press statement, Qiming Venture Partners founding managing partner Duane Kuang said, “In the next ten to twenty years, blockchain will revolutionize the financial industry on a global scale. We believe that imToken is riding this trend, and has strongly positioned itself in the market.”

ntn”,”protected”:false},”excerpt”:”rendered”:”

Whou2019s ready for bootcamp? Todayu2019s the day new founders get down to the business of, well, building a better business. TechCrunch Early Stage 2021: Operations & Fundraising provides early-stage founders with access to top founders, investors and subject-matter experts across the startup realm. The goal? Learn and develop the skills essential for startup success, avoid […]n”,”protected”:false,”author”:70113879,”featured_media”:2014213,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”carmot_uuid”:”990ae397-b8e8-3283-9ff7-78319dbfc6e4″,”categories”:[426985170,20429],”tags”:[449557042,576850797],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_ec_category”:[],”tc_event”:[576831922],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png”,”shortlink”:”https://tcrn.ch/31AkZ2C”,”rapidData”:”pt”:””,”pct”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”featured”:false,”subtitle”:””,”seoTitle”:””,”seoDescription”:””,”tc_cb_mapping”:[],”associatedEvent”:null,”event”:2080794,”authors”:[70113879],”hide_featured_image”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/2132758″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2132758″],”version-history”:[“count”:6,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2132758/revisions”],”predecessor-version”:[“id”:2133328,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2132758/revisions/2133328″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=2132758&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/2014213″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=2132758″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=2132758″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=2132758″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=2132758″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=2132758″,”taxonomy”:”tc_ec_category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_ec_category?post=2132758″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=2132758″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:70113879,”name”:”Alexandra Ames”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/alexandra-ames/”,”slug”:”alexandra-ames”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=96&d=identicon&r=g”,”links”:”twitter”:””,”facebook”:””,”linkedin”:””,”homepage”:””,”crunchbase”:”https://www.crunchbase.com/person/alexandra-ames”,”position”:”Sr. Marketing Manager”,”cbDescription”:””,”cbAvatar”:”https://techcrunch.com/wp-content/uploads/2021/01/eexgqcxbjbudqhobsoli.jpg.jpg”,”twitter”:””,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”author”:[“id”:70113879,”name”:”Alexandra Ames”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/alexandra-ames/”,”slug”:”alexandra-ames”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=96&d=identicon&r=g”,”links”:”twitter”:””,”facebook”:””,”linkedin”:””,”homepage”:””,”crunchbase”:”https://www.crunchbase.com/person/alexandra-ames”,”position”:”Sr. Marketing Manager”,”cbDescription”:””,”cbAvatar”:”https://techcrunch.com/wp-content/uploads/2021/01/eexgqcxbjbudqhobsoli.jpg.jpg”,”twitter”:””,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”wp:featuredmedia”:[“id”:2014213,”date”:”2020-07-10T03:25:40″,”slug”:”early-stage-phone-2″,”type”:”attachment”,”link”:”https://techcrunch.com/2020/07/10/five-reasons-to-attend-tc-early-stage-online/early-stage-phone-2/”,”title”:”rendered”:”Early Stage Phone 2″,”author”:70113879,”license”:”source_key”:”other”,”source”:”TechCrunch”,”authors”:[70113879],”caption”:”rendered”:””,”alt_text”:””,”media_type”:”image”,”mime_type”:”image/png”,”media_details”:”width”:1500,”height”:850,”file”:”2020/07/Early-Stage-Phone-2.png”,”sizes”:”thumbnail”:”file”:”Early-Stage-Phone-2.png?resize=150,85″,”width”:150,”height”:85,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=150″,”medium”:”file”:”Early-Stage-Phone-2.png?resize=300,170″,”width”:300,”height”:170,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=300″,”medium_large”:”file”:”Early-Stage-Phone-2.png?resize=768,435″,”width”:768,”height”:435,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=1024″,”large”:”file”:”Early-Stage-Phone-2.png?resize=680,385″,”width”:680,”height”:385,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=680″,”guest-author-32″:”file”:”Early-Stage-Phone-2.png?resize=32,32″,”width”:32,”height”:32,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=32&h=32&crop=1″,”guest-author-50″:”file”:”Early-Stage-Phone-2.png?resize=50,50″,”width”:50,”height”:50,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=50&h=50&crop=1″,”guest-author-64″:”file”:”Early-Stage-Phone-2.png?resize=64,64″,”width”:64,”height”:64,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=64&h=64&crop=1″,”guest-author-96″:”file”:”Early-Stage-Phone-2.png?resize=96,96″,”width”:96,”height”:96,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=96&h=96&crop=1″,”guest-author-128″:”file”:”Early-Stage-Phone-2.png?resize=128,128″,”width”:128,”height”:128,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=128&h=128&crop=1″,”concierge-thumb”:”file”:”Early-Stage-Phone-2.png?resize=50,28″,”width”:50,”height”:28,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png?w=50″,”full”:”file”:”Early-Stage-Phone-2.png”,”width”:1024,”height”:580,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png”,”image_meta”:”aperture”:”0″,”credit”:””,”camera”:””,”caption”:””,”created_timestamp”:”0″,”copyright”:””,”focal_length”:”0″,”iso”:”0″,”shutter_speed”:”0″,”title”:””,”orientation”:”0″,”keywords”:[],”filesize”:333276,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Early-Stage-Phone-2.png”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media/2014213″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/attachment”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2014213″],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″]],”wp:term”:[[“id”:426985170,”link”:”https://techcrunch.com/tc-events/”,”name”:”Events”,”slug”:”tc-events”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/426985170″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=426985170″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=426985170″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=426985170″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:20429,”link”:”https://techcrunch.com/startups/”,”name”:”Startups”,”slug”:”startups”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/20429″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=20429″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=20429″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=20429″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]],[“id”:449557042,”link”:”https://techcrunch.com/tag/startups/”,”name”:”Startups”,”slug”:”startups”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/449557042″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=449557042″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449557042″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449557042″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449557042″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:576850797,”link”:”https://techcrunch.com/tag/tc-early-stage-2021/”,”name”:”TC Early Stage 2021″,”slug”:”tc-early-stage-2021″,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/576850797″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=576850797″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576850797″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576850797″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576850797″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]],[],[],[],[“id”:576831922,”link”:”https://techcrunch.com/event-type/early-stage/tc-early-stage-2021-part-1/”,”name”:”TC Early Stage 2021 – Operations & Fundraising”,”slug”:”tc-early-stage-2021-part-1″,”taxonomy”:”tc_event”,”rapidData”:”pt”:””,”pct”:””,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/576831922″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/tc_event”],”up”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/576715145″],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tc_event=576831922″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_events?tc_event=576831922″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tc_event=576831922″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]]]}},{“id”:2132870,”date”:”2021-04-01T09:35:57″,”date_gmt”:”2021-04-01T16:35:57″,”guid”:”rendered”:”https://techcrunch.com/?p=2132870″,”modified”:”2021-04-01T09:35:57″,”modified_gmt”:”2021-04-01T16:35:57″,”slug”:”knowing-when-your-startup-should-go-all-in-on-business-development”,”status”:”publish”,”type”:”post”,”link”:”https://techcrunch.com/2021/04/01/knowing-when-your-startup-should-go-all-in-on-business-development/”,”title”:”rendered”:”Knowing when your startup should go all-in on business development”,”content”:{“rendered”:”



Source link

About admin

Check Also

Kobo Elipsa review: A sized-up e-reading companion with clever note taking

Kobo’s Elipsa is the latest in the Amazon rival’s e-reading line, and it’s a big ...