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Coinbase raised $300 million in a Series E funding round led by Tiger Global Management to accelerate cryptocurrency adoption.

May 05, 2024•over 1 year ago

Amount Raised

$300 Million

Round Type

series e

Financial Services

Investors

PolychainAndreessen HorowitzWellington ManagementY Combinator ContinuityTiger Global Management

Description

Coinbase has successfully raised $300 million in a Series E equity financing round led by Tiger Global Management, with participation from other well-known investors in the crypto space. The funds will be used to accelerate the adoption of cryptocurrencies, build infrastructure for regulated fiat-crypto trading globally, support thousands of new cryptos, and further develop its proprietary wallet and utility applications, including the recent launch of USDCoin.

Company Information

Company

Coinbase

Location

548 Market Street

About

Coinbase is the largest registered crypto exchange in the United States. The company provides a platform for buying, selling, and storing cryptocurrencies. It is focused on expanding its offerings and enhancing market presence globally. Coinbase emphasizes innovation in the crypto finance space and aims to establish leadership in the industry.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech