Coinbase raises $100M Series D led by IVP
By Coinbase Team
We are excited to announce that Coinbase has raised $100 million in Series D funding. This represents a major milestone for our mission to create an open financial system for the world. The round was led by IVP, with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates.
Coinbase experienced unprecedented growth over the last year, and we have now exchanged over $25 billion USD of digital currency for our customers. We’ll be using this new funding to continue scaling even further. Specifically, we will:
We’re fortunate to be working with IVP, one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 106 of which have gone public. Notable IVP investments include companies such as Dropbox, Netflix, Twitter, Slack, and Snap.
Coinbase was founded in 2012 and has grown to become one the world’s leading digital currency companies with support for Bitcoin, Ethereum and Litecoin in 32 countries. Today it is a portfolio of three products:
Digital currencies are having their “Netscape” moment. The pace of innovation has been accelerating and we are now seeing exciting projects and companies being built on top of digital currencies. We’re beginning to transition into phase three of our secret master plan.
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