Coinbase Raises $25 Million in Bitcoin's Biggest Ever Funding Deal
Coinbase has managed to secure $25m in series B funding led by Silicon Valley-based venture capital firm Andreessen Horowitz. This brings the total amount raised by the company to $31.9m. The firm, which describes itself as an "international digital wallet that allows you to securely buy, use, and accept bitcoin currency", is going from strength to strength, with an estimated 600,000 people now using its wallet service, up from 200,000 in August. The $31.9m raised so far represents the biggest fundraising success of any bitcoin company, dwarfing Circle's $9m of Series A funding from....
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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....
Popular NFT marketplace OpenSea has announced that the platform has raised $100 millon in a Series B funding round. OpenSea Raises $100 Million, Now Supports Polygon Blockchain OpenSea is one of the biggest and most popular platforms for selling, buying, and trading NFTs. The marketplace has raised $100 million in a Series B funding round […]
Coinbase has secured $25 million in funding from Andreessen Horowitz. The venture capital firm headquartered in Menlo Park, California was founded by Marc Andreesen and Ben Horwitz. Obviously enamored by the "Neon Sign", these gentlemen are putting their money where their heart is. As anyone in Silicon Valley will tell you, when Andreessen Horowitz get on a train, heads turn. From the Coinbase Blog: Coinbase Raises $25 Million From Andreessen Horowitz. On August 1st, Coinbase reached a milestone of 200,000 users. That was quickly followed in mid-October by the news that we had reached....
Coinbase, a leading U.S.-based cryptocurrency exchange, is reportedly close to acquiring 2TM, the unicorn company that owns Mercado Bitcoin, the biggest crypto exchange in Latin America (Latam). The exchange has reportedly been in talks to acquire the company since last year, and the deal could be closed in April according to local media, seeing Coinbase expand its operations to Brazil.
Coinbase Targets Expansion With 2TM Acquisition
Coinbase, one of the first cryptocurrency exchanges traded on traditional stock markets, is aiming to expand its operations to Latam through....
Chipper Cash, one of Africa’s biggest fintechs, recently concluded a Series C extension funding round in which it raised $150 million, a report by Techcrunch has revealed. New Investors Participate in Latest Round According to the report, this latest funding round — which was led by Sam Bankman-Fried’s FTX — comes barely six months after the fintech startup Chipper Cash was able to raise $100 million in the first Series C funding round. Besides FTX, other investors that participated in Chipper Cash’s latest funding round include SVB Capital, which led....