Coinbase Secures $10,000,000 Series A Funding
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b2868d1f-6322-4b24-a92c-eab276ea970d - Date
12/12/2016 - Company Name
Coinbase - Mailing Address
548 Market Street San Francisco, CA 94104 USA - Company Description
Coinbase is a bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin. Bitcoin is the world’s most widely used alternative currency with a total market cap of approximately $7.0 billion. The bitcoin network is made up of thousands of computers run by individuals all over the world. - Website
http://www.coinbase.com - Transaction Type
Venture Equity - Transaction Amount
$10,000,000 - Transaction Round
Series A - Proceeds Purposes
The investment in the fund signals the belief among some venture capitalists and other players in the cryptocurrency and blockchain industry that the future will consist of multiple digital assets beyond the first one, bitcoin, and that one of the best ways to participate in the blockchain revolution is through investing in the tokens rather than in digital asset companies themselves. - M&A Terms
- Venture Investor
Andreessen Horowitz - Venture Investor
Union Square Ventures - Venture Investor
Undisclosed
