Megabank Joins Coinbase's Record $75 Million Funding Round
Coinbase has raised $75m as part of a Series C funding round backed by a host of impressive first-time bitcoin investors including the New York Stock Exchange (NYSE), Fortune 500 financial services group USAA, Spanish megabank BBVA and Japanese telcom giant DoCoMo. The round, which smashes the previous record for a bitcoin company, was led by Draper Fisher Jurvetson (DFJ) Growth Fund, of which noted bitcoin investor Tim Draper is a partner, and included long-time bitcoin-friendly investment groups Union Square Ventures, Ribbit Capital and Andreessen Horowitz. Former Citigroup CEO Vikram....
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The $6 million Series A round was led by Middle-Eastern VC firm MEVP Capital.
On January 20th, America’s largest bitcoin exchange, Coinbase, closed its largest funding round yet. The company raised $75 million in a Series C funding round from numerous high level investors, including the New York Stock Exchange (NYSE), Citigroup CEO Vikram Pandit, Spanish bank BBVA, military financial services provider USAA, and Japanese telecom DoCoMo. The round was led by Bitcoin-friendly venture capitalist group, Draper Fisher Jurvetson (DFJ) Growth Fund, which Tim Draper, bitcoin investor and Silk Road Action winner, is a partner of. Other bitcoin seasoned venture capitalists....
Reinventure Group, a venture capital firm backed by Westpac, the second-largest bank in Australia, has been revealed as one of bitcoin wallet and exchange service Coinbase's Series C backers. Coinbase announced in January that it had raised $75m in new funding, a round that drew support from Spanish megabank BBVA and Fortune 500 financial services group USAA, among others. The participation of Reinventure was disclosed in a 29th June blog post, in which Coinbase said that it planned to
Bitcoin services provider Coinbase announced today that it had closed a $75m Series C funding round from a host of notable investors - to date the largest round raised by any company in the industry. The confirmation of what had been rumored to be bitcoin's largest-ever funding round inspired widespread reaction on social media, and also had a positive correlation on the CoinDesk Bitcoin Price Index. The price of bitcoin rose to $212.99 on the news, up from $205.15 at 14:00 UTC, the time of its publication on the Coinbase blog. A similar spike was also observable in CNY markets. Following....
Coinbase is rumoured to be in the midst of another funding round, attempting to raise up to $60m with a company valuation of $400m. The US-based company, which provides bitcoin wallets and merchant services, is expected to take on investment from venture capital firm DFJ and is looking to raise $40-60m, according to Re/Code. CoinDesk has contacted Coinbase, but is yet to receive a response. DFJ has declined to comment. Back in December, Coinbase raised $25m in a series B round, led by Andreessen Horowitz, bringing the total amount raised by the company to $30m. An article by TechCrunch....