Coinbase’s venture arm has invested in 100+ startups

Coinbase Ventures has invested in 100+ startups (most in the crypto space).


April 19, 2021

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.

Join 1.5m+ professionals getting The Hustle daily news brief

Business and tech news in 5 minutes or less

100% free, no ads or spam, unsubscribe anytime

Psst

How'd Bezos build a billion dollar empire?

In 1994, Jeff Bezos discovered a shocking stat: Internet usage grew 2,300% per year.

Data shows where markets are headed.

And that’s why we built Trends — to show you up-and-coming market opportunities about to explode. Interested?

Join us, it's free.

Look, you came to this site because you saw something cool. But here’s the deal. This site is actually a daily email that covers the important news in business, tech, and culture.

So, if you like what you’re reading, give the email a try.

If you don’t like it, unsubscribe any time. Privacy policy.