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.
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