Coinbase completes the largest ever round of financing rounds

11 August 2017, 20:54 | Technologies
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According to CoinDesk, Coinbase collected $ 100 million in financing the D-series, which is the largest separate round of financing for a crypto-currency start-up.

Announced today, the round was led by Institutional Venture Partners (IVP), a venture company Silicon Valley, which is considered one of the largest technological and digital start-ups, including Dropbox, GitHub and Netflix. Also involved are Battery Ventures, Draper Associates, Greylock Partners, Section 32 and Spark Capital.

The end of the round increases Coinbase's collective financing to date to more than $ 217 million, higher than any other firm that raised money from accredited investors.

The latest data raised the total amount of investments in the crypto-currency market to 1.9 billion. To date, that is, Coinbas accounts for 10% of all venture capital invested in startups.

In its statements, Coinbase said it will use funds to expand its customer support and engineering teams, a statement that follows previous commitments to strengthen support work in the wake of diversification of customer complaints.



Looking again at the data, Coinbase has now raised the two largest rounds of financing in the industry since it was founded in June 2012 and was incubated through Y Combinator.

More recently, Coinbase completed the round of financing for the C-series in early 2015, not receiving 75 million. From a group of investors, which included the New York Stock Exchange and the financial services group Fortune 500 USAA. Meanwhile, they also attracted 10.5 million. From Mitsubishi UFJ.

Series C and D series, stand out as the largest in the industry.




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