Coinbase officially confirmed the status of the largest in the bitcoin industry, becoming the first in the ecosystem "unicorn" with an investment estimate of over one billion dollars. This became possible after the Californian company closed the round of financing of the D series for $ 100 million.
View image on Twitter
View image on Twitter
To follow
Coinbase ✔ @coinbase
Excited to announce we raised $ 100M series D funding led by IVPhttps: //blog.coinbase.com/coinbase-raises-100m-series-d-led-by-ivp-f5f25cb51019 ...
19:29 - 10 Aug 2017
62 62 Replies 204 204 Retweets 505 505 likes
Twitter Ads information and privacy
The new round of financing was headed by the Institutional Venture Partners (IVP) venture fund, Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates also participated in the financing.
"We were fortunate enough to work with IVP, one of the leading American firms in the field of venture investments in the late stages of development of companies. Founded in 1980, IVP has invested more than 300 companies, shares of 106 of which are traded on the stock exchanges today. Noteworthy IVP investments include companies such as Dropbox, Netflix, Twitter, Slack and Snap, "noted Coinbase.
According to Crunchbase, the post-investment valuation of the company after the close of this round is $ 1.5 billion.
Coinbase was founded in 2012 and is the leading company in the ecosystem of crypto currency, supporting operations to date with bitcoin, Ethereum and Litecoin. Until recently, the company offered two main products: Bitcoin-purse and exchange platform for individuals Coinbase and the exchange for institutional and professional traders GDAX.
Today's announcement also mentions Toshi, a browser for the Ethereum network, which the company first reported in April of this year, positioning it at that moment as the Token Ethereum-messenger.
As noted in the message Coinbase, over the past year the company has experienced unprecedented growth, and the amount of funds exchanged by its users, to date, exceeded $ 25 billion.
The new investments will be aimed at further scaling up the activity, while the company lists three main areas of expansion:
Increase the team of engineers and support services;
Opening the GDAX exchange office in New York and further investing in its own capacity to service institutional and professional traders;
Investments in Toshi, a browser for the Ethereum network, which will help speed up the change in the status of the digital currency from a speculative investment on the global payment network.
"Digital currencies are experiencing their" Netscape moment "today. The speed of innovation is growing, and we see the emergence of exciting projects and companies that build their activities based on digital currencies. Today we are starting the transition to the third phase of our secret development plan, "the company said in a statement.
Earlier, Coinbase attracted investments for a total of $ 117.21 million, of which the largest round of financing was the receipt of $ 75 million in January 2015. In July 2016, Coinbase received an additional $ 10.5 million from the Japanese Bank of Tokyo Mitsubishi UFJ (BTMU) and Sozo Ventures.
I'm not really fond of their security when linking bank accounts...not a safe practice. So be careful, y'all.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit