Topic: [2013-12-12] PC Mag - Bitcoin Hits the Big Time With $25M Coinbase Investment (Read 1526 times)
December 12, 2013, 09:16:24 PM
Hope they spend this $25M wisely. I doubt they will ever get any more.
December 12, 2013, 01:18:56 PM
Anyone know what the valuation is? Their series A was $5M.
December 12, 2013, 01:08:26 PM
Quote
Bitcoin wallet and platform Coinbase has received a large infusion of cash from well-known venture capital firm Andreessen Horowitz. Coinbase today announced a $25 million series B funding round led by Andreessen, with participation from existing investors Union Square Ventures and Ribbit Capital. Andreessen Horowitz's Chris Dixon and Union Square Ventures' Fred Wilson will join the Coinbase board, while Gavin Andresen is now a Coinbase advisor. In a blog post, Coinbase said the investment is the largest for a bitcoin operation to date, bringing its total funding to $31 million.
http://www.pcmag.com/article2/0,2817,2428278,00.asp
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