Coinbase closes USD 75mln funding round

Wednesday 21 January 2015 10:22 CET | News

US-based Bitcoin wallet startup Coinbase has raised USD 75 million in Series C funding from a series of investors.

The financing round was led by DFJ Growth, with participation from earlier investors Ribbit Capital, Union Square Ventures and Andreessen Horowitz. NTT DoCoMo, a Japanese telecom firm, also took part in the round.

Coinbase says this is the first time traditional financial institutions have made a major investment in a Bitcoin company.

Coinbase, which was reportedly valued at around USD 400 million in November 2014, says it currently serves 1.9 million consumers and provides Bitcoin payment tools for 38,000 merchants worldwide.

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Keywords: Coinbase, Bitcoin wallet, digital currency, cryptocurrency, financial institution, investment, funding
Categories: DeFi & Crypto & Web3
Countries: World
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DeFi & Crypto & Web3

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