Coinbase’s venture arm has invested in 100+ startups

Royal blue, what a great color (Source: Chris Delmas / Getty Images)

A leading non-Dogecoin tech story last week was the public listing of  Coinbase.

Founded in 2012, the profitable crypto exchange now boasts a market cap of $86B.

Less well known…

… the company is a very active investor via its venture arm

Coinbase Ventures was established in the crypto dark days of April 2018 and has since invested in 100+ startups, per The Information.

Unsurprisingly, most of the investments are in the crypto space.

Here are some notable startups the company backs:

• Compound Labs: A platform that allows people to earn interest from cryptocurrencies
• Minimum Spanning Technologies: A permanent digital storage service
• Zora Labs: A marketplace for limited edition digital tokens
• Rally: A platform that allows artists to launch digital currencies
• Amber Group: A Hong Kong-based crypto trading firm

The company’s active venture investing echoes that of other large software players like Salesforce, Google, and — more recently — Stripe. In fact, Coinbase completed 19+ deals just in Q1 2021, making it among the most active crypto investors.

No word yet if it will try to acquire the entire supply of Dogecoin.