Bitcoin Company Coinbase Rumored To Be Raising Up to $60 Million Led By Timothy Draper's DFJ

Bitcoin Company Coinbase Rumored To Be Raising Up to $60 Million Led By Timothy Draper's DFJ

Timothy Draper, co-founder of VC firm DFJ, is putting more money into the Bitcoin ecosystem, reportedly. Coming across the wire today by way of Re/code is news that Coinbase Series C funding is being raised right now. According to sources close to the deal, Coinbase is expected to take in between $40 million and $60 million USD in fresh new capital. The new round is expected to be led by DFJ. Coinbase has previously raised $31 million USD in funding over the last few years. Since Coinbase's inception in 2012, the company has received recognition both from within and from outside the....


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Quotes

The blockchain keeps everyone honest, and a whole layer of banking bureaucracy is removed, lowering costs.

Paul Vigna, The Age of Cryptocurrency