Coinbase sets a new record with a $75M investment round

“We are pleased to announce that Coinbase has raised $75 million in Series C financing, the largest funding round to date for a Bitcoin company”, reads the blog of the company. Based in San Francisco, Coinbase is an online Bitcoin wallet and platform allowing merchants and consumers to transact with bitcoins.

Apart from several big investment firms (Andreessen Horowitz, Union Square Ventures, and Ribbit Capital), several notable institutions and individuals got involved: “Three of the world’s most respected financial institutions – The New York Stock Exchange, USAA, and BBVA (a large multinational bank) – also invested in the round alongside personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer.” NTT DoCoMo, Japan’s largest mobile telecommunications operator, also participated to the funding round.

“This marks the first time that financial institutions have made a major investment in a Bitcoin company.”, said Coinbase, whose goal is “to continue driving mainstream, global adoption of Bitcoin.”


One thought on “Coinbase sets a new record with a $75M investment round

  1. […] provider, has launched its exchange. The new service, opened a few days after the closing of a record investment round in the company, should become a major actor on the market, and could possibly become the first […]

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