How it started
History
BitGo was founded by Mike Belshe, Ben Davenport, Will O'Brien, and Bill Lee. BitGo, Inc. was incorporated in Delaware in 2011 under the name "Whensoon, Inc.". The name was changed to "Twist and Shout, Inc." later in 2011. It was renamed "BitGo, Inc." in 2014.
Early growth and development (2014–2017)
In June 2014, the company raised $12 million in a Series A round led by Redpoint Ventures with participation from several early investors in Tesla and SpaceX. These included Bill Lee, a founding board member of SpaceX and early backer of Tesla, and Antonio Gracias through his firm, Valor Equity Partners. Shares were sold for $0.59 each.
In February 2015, the company bought an insurance policy from XL Catlin against theft from its wallets.
In December 2017, BitGo raised a $42.5 million Series B funding round led by Valor Equity Partners; its founder Antonio Gracias joined BitGo's board of directors. David O. Sacks also invested both personally and through his venture capital firm, Craft Ventures. Shares were sold in this round for $2.53 each.
From Wikipedia’s article on BitGo, shared under CC BY-SA 4.0.3