Impressive raise!
In line with an earlier scoop we had, Coinbase announced that it has raised a serious $75 million growth round led by DFJ. Other participants include USAA and NYSE, while existing investors including Andreessen Horowitz, Union Square Ventures, and Ribbit Capital also participated. It’s the largest funding round to date for a Bitcoin-focused company, and comes amid the cryptocurrency’s recent slide to fresh lows. The currency is trading at around $212 today, down from above $1,000 more than a year ago.