IDG Capital-backed crypto wallet firm bags $30m in Qiming-led round

China- and Singapore-based decentralized digital wallet provider imToken said it has raised US$30 million in fresh funding.

More funding details

• Lead investor: Qiming Venture Partners
• New investors: Breyer Capital, HashKey, Signum Capital, Longling Capital, SNZ, and Fosun International co-founder Liang Xinjun.
• Returning investor: IDG Capital
• Stage: Series B

More company updates

• The fresh capital will be used to accelerate the development of its next iteration imToken 3.0, recruit talent, and build a research arm called imToken Labs.
• The firm claims it has enabled 12 million users from over 150 countries to manage blockchain- and token-based assets, identities, and data. It adds that over US$50 billion in assets are currently placed on the platform, with its total transaction value exceeding US$500 billion.
• While the company’s Linkedin page states that it is headquartered in Hangzhou, China, imToken moved its global headquarters to Singapore in June 2018.
• It established imToken Ventures in 2018 to invest in companies connected to the digital wallet ecosystem. In the same year, it facilitated over US$10 billion in total trading volume via its incubated project, a decentralized exchange called Tokenlon.
• ImToken closed US$10 million in a series A funding round from IDG Capital in 2018.

For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.