Coinbase raises $100M at a $1.6B valuation amid explosive growth, Coinbase has had a pretty crazy six months. It may be hard to remember, but at the beginning of 2017 the cryptocurrency world was a different place. Bitcoin was below $1000 per coin and the entire market cap for all cryptocurrencies was about 7x less than it is today. Since then, the market has surged. And as arguably the most established wallet and exchange service that exists today, Coinbase has been in the right place at the right time to capitalize on the excitement in the industry....question is what will happen if hype drops...
So to support this growth Coinbase has raised $100M in Series D funding led by IVP, with participation from Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates. The funding gives the digital currency startup a post-money valuation of $1.6B. While Coinbase had previously raised a total of $106M, it’s been two and a half years since their last raise – which was their $75M Series C round in early 2015. But it seems that the wait paid off, as the recent growth allowed the startup to nearly triple their valuation to $1.6B, from a rumored $500M in 2015.
https://techcrunch.com/2017/08/10/coinbase-raises-100m-at-a-1-6b-valuation-amid-explosive-growth/
