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imToken Raises Over $30m in Series B Investment Round

Crypto_wallet_start_up_imToken_raises_$30million_in_series_B_roundup
  • imToken has raised $30 million in Series B investment.
  • Chinese capital firm Qiming conducted the Series B investment.
  • According to the company, it will use the $30 million to support its imToken 3.0 development.

Crypto wallet company imToken has raised not less than $30 million in a Series B funding round. Talking about the funding, Chinese venture capital firm Qiming conducted the Series B round program.

Based on a report, imToken has ended its round in Qiming’s Series B investment program. However, not only imToken but Qiming also invested in Chinese fintech companies including Meitu, Xiaomi, and Megvil.

According to imToken, its $10 million Series A also attracted IDG Capital to take part in the round. Moreso, companies including Breyer Capital, Longling Capital, and Meitu’s CEO also joined the round as new investors.

Apart from the aforementioned tech firms, Hashkey Capital, SNZ, Signum Capital, and Fosun international CEO Liang Xinjun also took part in the round.

As per the company, it will use the $30 million to employ more staff for the success of its imToken 3.0 development. Doing this will also help imToken to offer more attractive DeFi services with imToken 3.0.

The imToken was established in 2016 and a prominent digital asset wallet firm in Asia. It provides peer-to-peer (P2P) and user-friendly crypto wallet services in a decentralized manner. 

Furthermore, the company aims to create a robust ecosystem of products and services that will make blockchain use cases easy to manage.

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Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.