Tech Company Financing Transactions

.bit Funding Round

CMB International Capital Corporation, GGV Capital and GSR Ventures invested in a $13 million Series A funding round for .bit. The round closed on 8/15/2022.

Transaction Overview

Company Name

.bit

Announced On

8/15/2022

Transaction Type

Venture Equity

Amount

$13,000,000

Round

Series A

Investors

CMB International Capital Corporation (Lead Investor)

GGV Capital (Lead Investor)

GSR Ventures (Lead Investor)

HashKey Capital (Lead Investor)

QingSong Fund (Lead Investor)

SNZ Holding (Lead Investor)

Proceeds Purpose

Further use cases for .bit's decentralized identity product include supporting the one billion citizens who lack legal identification. This makes it impossible for them to prove their identity, obtain basic government benefits or healthcare, enroll in education, or exercise their right to vote.

Company Information

Company Status

Private & Independent

Industry

Blockchain

Mailing Address

Undisclosed
Undisclosed, Undisclosed
USA

Phone

Undisclosed

Website

www.did.id

Email Address

Undisclosed

Overview

.bit is a blockchain-based, open source, decentralized cross-chain account system that provides a worldwide unique naming system with a .bit suffix that can be used in different scenarios, such as cryptocurrency transfer, domain name resolution, identity authentication, etc.

Profile

Social Media

Company News

Facebook

YouTube

Management Team

Title

Name

Email & Social

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