[2017-08-10]$100 Million: Coinbase Raises Biggest-Ever Round for Bitcoin Startup

[tyz]

$100 Million: Coinbase Raises Biggest-Ever Round for Bitcoin Startup

Coinbase has raised $100 million in Series D funding in what is the largest single traditional funding round for a public blockchain or cryptocurrency startup, according to CoinDesk data.

Announced today, the round was led by Institutional Venture Partners (IVP), a Silicon Valley venture firm that counts some of the biggest tech and digital startups, including Dropbox, GitHub and Netflix, among its portfolio. Also participating are Battery Ventures, Draper Associates, Greylock Partners, Section 32 and Spark Capital.

The round's completion raises Coinbase's collective funding to date to more than $217 million, higher than any other industry firm that has raised money from accredited investo

https://www.coindesk.com/coinbase-bitcoin-100-million-series-d/

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In the cryptocurrency world where uncertainty has been a defining characteristic since its inception, Coinbase has been able to maintain a level of trust that has been essential for its users. Coinbase was established in 2012 and has been a simple, clear, purpose-driven site that many have used to originate their Bitcoin investments. In a quickly evolving industry, Coinbase has been able to establish itself as staple in the cryptocurrency world.

[1Referee]

Coinbase definitely pushes things forward quickly. I wonder if they ever plan to get themselves listed on one of the better stock exchanges. If they themselves have no plans for it, perhaps the major share holders will try to force things through. Bitcoin and crypto in general stand for growth, and that's exactly something investors are looking for. But still, if they at some point get their listing on whatever stock exchange, the relatively low initial value will likely attract the major tech companies to throw a few billion on table to possibly buy all shares in existence.