Coinbase Announces Largest Financing Round of Any Bitcoin Company
Bitcoin payment processor Coinbase raised $75 million in a Series C funding round, the single largest financing round for a bitcoin company, Coinbase said in a blog post Tuesday. DFJ Growth led the funding round, which included Andreessen Horowitz, Ribbit…
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Capital and Union Square Ventures, it said. BBVA, the New York Stock Exchange and the United Services Automobile Association also participated, becoming the first financial institutions to make a “major” investment in a bitcoin company, said Coinbase. Former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer also contributed to the round. PayPal-backed Braintree, Dell, Dish Network, 1-800-Flowers.com, United Way and Wikimedia Foundation partnered with Coinbase for accepting payments last year (see 1409160068).