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Friday 20 October 2017

LATEST NEWS

Coinbase raises $100m in Series D funding

Written by Anthony Strzalek
11/08/2017

US-based digital currency exchange Coinbase has raised $100 million in a Series D funding round led by IVP.

Other participants in the financing round included Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates.

Coinbase has now exchanged over $25 billion of digital currency for customers since its inception back in 2012.

The latest investment will help the firm increase the size of its engineering and customer support teams in a bid to improve the customer experience.

Coinbase will also use the funds to open a new Global Digital Asset Exchange (GDAX) office in New York City and will invest in Toshi – an open source browser for the Ethereum Network – to help accelerate digital currency’s shift from speculative investment to global payment network.

In a blog posting, Coinbase stated: “We’re fortunate to be working with IVP, one of the premier later-stage venture capital and growth equity firms in the United States.”



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