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Crypto wallet startup imToken raises $30 million in Series B round

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Crypto wallet startup imToken raises $30 million in Series B round


Crypto wallet startup imToken has brought $30 million up in a Series B round drove by Chinese funding firm Qiming.


The firm said in a declaration on Wednesday that it shut the round drove by Qiming Venture Partners, which put resources into outstanding Chinese tech firm like Xiaomi, Meitu and Megvii.


imToken said its $10 million Series A lead financial backer IDG Capital likewise took part in the round. Other new financial backers incorporate Breyer Capital and Longling Capital, a venture firm led by Cai Wensheng, the author and director of Meitu, which stood out as truly newsworthy as of late with its BTC and ETH buys.


Likewise, crypto-local supports Hashkey Capital, SNZ, Signum Capital just as Liang Xinjun, fellow benefactor of Chinese combination Fosun International, additionally took part in the round.


Established by Ben He in Hangzhou in 2016, imToken is known for its wallet administrations including non-custodial wallet imToken application and the imKey equipment wallet just as the decentralized trade Tokenlon.


With the new capital, the firm said it will enlist extra staff in its bid to give a set-up of DeFi administrations to the improvement of imToken 3.0, the following overhaul for its wallet administration. Moreover, it intends to dispatch an exploration arm named imToken Labs.




MARCH 30, 2021