When was itBit founded?

itBit was founded in 2012 and raised its 1st funding round 1 year after it was founded.

Where is itBit located?

itBit is headquartered in Tower, United States.

How many employees does itBit have?

As of Mar 31, 2026, the latest employee count at itBit is 9.

Is itBit a funded company?

itBit is a funded company, having raised a total of $28.2M across 2 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 11, 2013.

When was the latest funding round of itBit?

itBit's latest funding was a $***** Series A round on May 07, 2015, with participation from 4 investors. Its primary sector is Cryptocurrencies. In United States, the Cryptocurrencies sector has seen $1.01B in funding in 2026 to date.

Where does itBit rank among its competitors?

itBit ranks 153rd amongst 2034 active competitors, of which 210 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Kraken, which secured $34.2M in Feb, 2026.

Who are the top competitors of itBit?

itBit's top competitors include Coinbase, Kraken and N26. Among them, Kraken secured the most recent funding round in February, 2026.

itBit - 2026 Company Profile, Team, Funding & Competitors

itBit is a series A company based in Tower (United States), founded in 2012 by Charles Cascarilla and Richmond Teo. It operates as an Online trading platform for cryptocurrencies. itBit has raised $28.2M in funding from Canaan and RRE Ventures. The company has 2034 active competitors, including 210 funded and 45 that have exited. Its top competitors include companies like Coinbase, Kraken and N26.

Company Details

Online trading platform for cryptocurrencies. It allows users to buy, sell, and trade multiple digital assets using APIs through encrypted networks. Features crypto custody services, exchange and trading desks for purchasing and selling crypto assets, and more. Supports multiple digital assets including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and more.

Website: itbit.com
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Key Metrics

Founded Year

2012

Location

Tower, United States

Stage

Series A

Total Funding

$28.2M in 2 rounds

Latest Funding Round

Series A, May 07, 2015, $*****

Investors

Canaan & 7 more

Ranked

153^rd among 2034 active competitors

Employee Count

9 as on Mar 31, 2026

Similar Companies

Coinbase & 4235 more

View itBit's full profile

itBit has raised a total funding of $28.2M over 2 rounds. Its first funding round was on Nov 11, 2013. Its latest funding round was a Series A round on May 07, 2015 for $*****. 4 investors participated in its latest round. itBit has 6 institutional investors and 2 angel investors.

Here is the list of recent funding rounds of itBit:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 07, 2015	4896470	Series A	7540957	9242072	9597219	9105952
Nov 11, 2013	1812332	Seed	5512716	9259626	Canaan & 1 more	Liberty City Ventures

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View details of itBit's funding rounds and investors

The founders of itBit are Charles Cascarilla and Richmond Teo.

Here are the details of itBit's key team members:

Charles Cascarilla: Co-Founder & CEO of itBit.
Contact Info: 1 email address
Richmond Teo: Co-Founder of itBit.

View details of itBit's Founder profiles and Board Members

itBit's employee count trend

itBit has 9 employees as of Mar 26. Here is itBit's employee count trend over the years:

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Top competitors of itBit include Coinbase, Kraken and N26. Here is the list of Top 10 competitors of itBit, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Coinbase 2012, San Francisco (United States), Public	Online platform for crypto portfolio	$547M	IVP, DFJ Growth & 142 others	87/100
2nd	Kraken 2011, Cheyenne (United States), Series D	Cryptocurrency exchange platform that allows users to buy, sell, trade, and stake digital	$867M	Citadel Securities, Hummingbird Ventures ... & 120 others	86/100
3rd	N26 2013, Berlin (Germany), Series E	Provider of mobile banking services, including savings, investment, and crypto	$1.72B	Valar Ventures, Tencent & 46 others	83/100
4th	Bitso 2014, Mexico City (Mexico), Series C	Online trading and exchange platform for cryptocurrency	$331M	Coatue, Tiger Global Management & 35 others	82/100
5th	KuCoin 2017, Mahe (Seychelles), Series A	Cryptocurrency exchange and trading platform	$180M	Jump Crypto, Matrix & 11 others	82/100
6th	CoinList 2017, San Francisco (United States), Series A	App-based trading platform for cryptocurrency	$119M	Polychain, Accomplice & 36 others	81/100
7th	Wealthsimple 2014, Toronto (Canada), Series F	Provider of financial services including investing, trading, saving, and borrowing	$1.29B	Power financial, Meritech & 39 others	78/100
8th	SwissBorg 2016, Lausanne (Switzerland), Series A	B2B robo advisory and crypto wealth management solution	$27M	Swiss ICT Investor Club, London Real Ventures ... & 1 others	77/100
9th	Voyager 2017, New York City (United States), Public	App-based trading platform for cryptocurrency	-	IFC Asset Management Company, Tencent & 19 others	73/100
10th	Mercado Bitcoin 2013, Sao Paulo (Brazil), Series B	Online trading platform for cryptocurrency	$238M	SoftBank, SoftBank Latin America Fund & 9 others	72/100
153rd	itBit 2012, Tower (United States), Series A	Online trading platform for cryptocurrencies	$28.2M	Raptor Group, Liberty City Ventures & 6 others	40/100