iTrustCapital Valuation, Funding & Investors

iTrustCapital is valued at $1.3B as of January 2022.

Last iTrustCapital valuation

$1.3B

Series A · Jan 2022

Last iTrustCapital funding round

$125M

Series A · Jan 2022

Cumulative funding iTrustCapital raised

$128M

across 3 funding rounds

Key investors in iTrustCapital

  • Pelion Venture Partners
  • Left Lane Capital
  • John Vojtech

iTrustCapital Overview

About iTrustCapital

iTrustCapital is a Los Angeles-headquartered platform for self-directed IRAs holding cryptocurrencies and precious metals. Clients trade Bitcoin, Ethereum, gold, and silver 24/7 within tax-advantaged accounts custodied by Fortress Trust. The service charges a flat 1% transaction fee, contrasting with traditional IRA providers' spreads up to 15%. iTrustCapital secures assets in institutional vaults and cold storage, complying with FINRA and SIPC regulations. It serves over 250,000 accounts across 50 states with mobile app access.


Founded

2018

HQ

United StatesLos Angeles, CA

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Valuation

$1.3B (Jan 2022)

iTrustCapital Valuation

iTrustCapital is currently valued at $1.3B, based on its Series A in January 2022.

The $125M round was led by Left Lane Capital, with participation from Pelion Venture Partners.

iTrustCapital's valuation has grown 217x from $6M at its pre-seed round in August 2018 to $1.3B in January 2022, across 2 priced rounds.

iTrustCapital valuation by funding round

iTrustCapital valuation by funding round
DateStageValuation
Jan 2022Series A$1.3B
Aug 2018Pre-seed$6M

iTrustCapital Funding History

iTrustCapital has raised a total of $128M across 3 funding rounds.

iTrustCapital's first fundraising round was a $1M pre-seed round in August 2018. The most recent completed round was a $125M Series A in January 2022.

iTrustCapital funding rounds

iTrustCapital funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022Series ALeft Lane Capital (lead); Pelion Venture Partners$125M$1.3BiTrustCapital is the leading U.S. software platform for buying and selling cryptocurrencies through individual retirement accounts (IRAs), also supporting gold and silver investments. Launched in 2018, the Long Beach-based company had been bootstrapped and was profitable prior to its Series A. It secured $125 million in a Series A growth equity round on approximately January 19, 2022, led by Left Lane Capital with participation from Pelion Venture Partners, achieving unicorn status with a post-money valuation exceeding $1.3 billion. The funding proceeds are earmarked for expanding products and services, scaling client service and development teams, pursuing strategic acquisitions, and launching new marketing channels. At the time, iTrustCapital managed roughly $2 billion in assets under management with 25,000 client-funded accounts and had doubled its total transaction volume from $2 billion to over $4.5 billion in the prior six months. It boasts strong customer satisfaction, with 1,825 Trustpilot reviews averaging 4.5 stars, and competitive lowest fees enabled by scalable technology. In the emerging crypto IRA sector, iTrustCapital differentiates through broad appeal, including thousands of clients aged 45-65, beyond the typical young crypto investor demographic. Competitors include Bitcoin IRA. A follow-on Series A-II round of $6.2 million occurred in May 2022 from undisclosed investors, bringing total funding to $131.2 million.
Jan 2019Seed-$2M--
Aug 2018Pre-seedJohn Vojtech$1M$6M-

Who has invested in iTrustCapital?

3 investors have backed iTrustCapital across its funding rounds, including Pelion Venture Partners, Left Lane Capital and John Vojtech.

Lead investors include Left Lane Capital.


iTrustCapital Investors

Investors in iTrustCapital by funding rounds participated
InvestorHQRoundsRoleFirst check
Left Lane CapitalUnited StatesNew York City, NY1LeadJan 2022

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iTrustCapital Competitors

iTrustCapital competitors include listed companies like OSL Group and Atlanticus, and private ones like Ledger, Lukka, Octane and Yubi.

Public and private companies comparable to iTrustCapital
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LedgerFranceParisPrivate$71M-$1.3B18.3x
LukkaUnited StatesNew York City, NYPrivate--$1.3B-
OctaneUnited StatesNew York City, NYPrivate$400M$80M$1.3B-
YubiIndiaChennaiPrivate--$1.3B-
OSL GroupHong KongHong KongPublicly listed$62M($48M)$1.2B11.3x
AtlanticusUnited StatesUnited StatesPublicly listed$403M-$1.4B2.7x

iTrustCapital Public Comps

iTrustCapital is still privately-owned, but its public comps include Intrum, OSL Group, Orchid Island Capital, Atlanticus, Securitize, Goldman Sachs BDC, Triumph Financial, Cymbria, Banca Ifis and Ellington Financial.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Intrum$1.6B$915M3.7x3.4x6.5x7.2x
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)
Orchid Island Capital$180M-4.6x3.5x--
Atlanticus$403M-18.4x2.7x--
Securitize$62M($34M)25.5x22.2x(46.0x)(37910.8x)
Goldman Sachs BDC$303M-9.8x8.9x--
Triumph Financial$424M-3.6x3.3x--
Cymbria$246M-6.0x---

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Common questions about iTrustCapital

When was iTrustCapital founded?iTrustCapital was founded in 2018.
Where is iTrustCapital headquartered?iTrustCapital is headquartered in Los Angeles, CA, United States.
Is iTrustCapital publicly listed?No, iTrustCapital is a private, VC-backed company.
What is iTrustCapital's valuation?iTrustCapital was last valued at $1.3B in its Series A in January 2022.
How much funding has iTrustCapital raised?iTrustCapital has raised $128M across 3 funding rounds.
What was iTrustCapital's last funding round?iTrustCapital's last funding round was a $125M Series A in January 2022, led by Left Lane Capital.
Who are iTrustCapital's investors?iTrustCapital's investors include Left Lane Capital, John Vojtech and Pelion Venture Partners.
Which companies are comparable to iTrustCapital?Companies comparable to iTrustCapital include Ledger, Lukka, Octane, Yubi, OSL Group and Atlanticus.

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