Bitt Overview

  • Year Founded
  • 2013

Year Founded

  • Status
  • Private

  • Employees
  • 75

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $8M

  • Investors
  • 6

Bitt General Information

Description

Developer of a blockchain-based digital asset system designed to financially empower individuals and provide infrastructure to develop a digital financial ecosystem. The company uses blockchain and distributed ledger technology to build a secure, streamlined, peer-to-peer payment ecosystem in the surrounding region, enabling financial institutions and individuals to transfer money using any form of currency, instantly and securely.

Contact Information

Website
www.bitt.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 12180 South 300 East
  • Suite 117
  • Draper, UT 84020
  • United States
+1 (246)
Primary Industry
Other Financial Services
Other Industries
Financial Software
Vertical(s)
Mobile Commerce, Cryptocurrency/Blockchain, FinTech
Corporate Office
  • 12180 South 300 East
  • Suite 117
  • Draper, UT 84020
  • United States
+1 (246)

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Bitt Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Later Stage VC 28-Oct-2020 $8M Completed Generating Revenue
4. Later Stage VC 08-Mar-2018 Completed Generating Revenue
3. Early Stage VC (Series A) 05-Apr-2016 Completed Startup
2. Seed Round 30-Mar-2015 $1.5M $1.5M Completed Startup
1. Angel (individual) 01-Jan-2014 Completed Startup
To view Bitt’s complete valuation and funding history, request access »

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Opportunity Score

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Bitt Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a blockchain-based digital asset system designed to financially empower individuals and provide infrastruct
Other Financial Services
Draper, UT
75 As of 2023

Boston, MA
 

San Francisco, CA
 
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Bitt Competitors (77)

One of Bitt’s 77 competitors is Circle, a Venture Capital-Backed company based in Boston, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Circle Venture Capital-Backed Boston, MA
Chain Venture Capital-Backed San Francisco, CA
Paxos Venture Capital-Backed New York, NY
OKX Private Equity-Backed Victoria, Seychelles
Stripe Venture Capital-Backed South San Francisco, CA
You’re viewing 5 of 77 competitors. Get the full list »

Bitt Patents

Bitt Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
EP-4073733-A1 Digital currency minting in a system of network nodes implementing a distributed ledger Inactive 11-Dec-2019
US-20210182806-A1 Digital currency minting in a system of network nodes implementing a distributed ledger Active 11-Dec-2019
US-11887072-B2 Digital currency minting in a system of network nodes implementing a distributed ledger Active 11-Dec-2019
US-20240152884-A1 Digital currency minting in a system of network nodes implementing a distributed ledger Pending 11-Dec-2019
EP-4073733-A4 Digital currency minting in a system of network nodes implementing a distributed ledger Inactive 11-Dec-2019 G06Q40/04
To view Bitt’s complete patent history, request access »

Bitt Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Bitt Investors (6)

Investor Name Investor Type Holding Investor Since Participating Rounds
BaseTwo Venture Capital Minority
Stellar (Financial Software) Venture Capital Minority
Beyond Corporation Minority
Medici Ventures Corporate Venture Capital Majority
Avatar Capital Venture Capital Minority
You’re viewing 5 of 6 investors. Get the full list »

Bitt FAQs

  • When was Bitt founded?

    Bitt was founded in 2013.

  • Where is Bitt headquartered?

    Bitt is headquartered in Draper, UT.

  • What is the size of Bitt?

    Bitt has 75 total employees.

  • What industry is Bitt in?

    Bitt’s primary industry is Other Financial Services.

  • Is Bitt a private or public company?

    Bitt is a Private company.

  • What is Bitt’s current revenue?

    The current revenue for Bitt is .

  • How much funding has Bitt raised over time?

    Bitt has raised $28.5M.

  • Who are Bitt’s investors?

    BaseTwo, Stellar (Financial Software), Beyond, Medici Ventures, and Avatar Capital are 5 of 6 investors who have invested in Bitt.

  • Who are Bitt’s competitors?

    Circle, Chain, Paxos, OKX, and Stripe are some of the 77 competitors of Bitt.

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