C1 Fund Logs First Portfolio Exit Post-IPO with BitGo’s $213M Listing
Event summary
- BitGo, a C1 Fund portfolio company, completed its IPO raising $213M and achieving a valuation exceeding $2B.
- This marks C1 Fund’s first portfolio exit less than six months after its own IPO in mid-2025.
- C1 Fund had committed over $30M across multiple portfolio companies as of December 31, 2025.
- BitGo manages over $104B in assets and has created over 9.3M wallets.
The big picture
C1 Fund’s rapid exit underscores the growing institutionalization of digital assets, with infrastructure providers like BitGo becoming key beneficiaries. The fund’s strategy of targeting late-stage private companies positioned for public markets aligns with broader trends in alternative investment vehicles seeking exposure to the digital asset economy without direct crypto holdings.
What we're watching
- Exit Velocity
- Whether C1 Fund can sustain this pace of portfolio exits given its late-stage focus.
- Institutional Demand
- How BitGo’s public listing will impact institutional adoption of digital asset custody services.
- Regulatory Alignment
- The extent to which regulated platforms like BitGo can drive further maturation of the digital asset ecosystem.
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