Coinbase Ventures

Founded 2018

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.
Total investments 64
Average round size
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The average size of a deal this fund participated in
$25M
Portfolio companies 101
Rounds per year 21.33
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.05
Exits 3
Key employees 1
Stages of investment
Early Stage Venture

Areas of investment

  • Blockchain
  • Cryptocurrency
  • FinTech
  • Financial Services
  • Software
Summary

Coinbase Ventures is the famous VC, which was founded in 2018. The main department of described VC is located in the San Francisco. The company was established in North America in United States. Coinbase Ventures appeared to be a CVC structure as part of the corporation.

The high activity for fund was in 2019. The fund is constantly included in 7-12 deals per year. Comparing to the other companies, this Coinbase Ventures performs on 25 percentage points less the average number of lead investments. The real fund results show that this VC is 11 percentage points less often commits exit comparing to other companies. The common things for fund are deals in the range of 5 - 10 millions dollars.

Besides them, we counted 1 critical employee of this fund in our database.

The typical case for the fund is to invest in rounds with 6-7 participants. Despite the Coinbase Ventures, startups are often financed by MetaStable Capital, Polychain, Naval Ravikant. The meaningful sponsors for the fund in investment in the same round are Pantera Capital, Polychain, Digital Currency Group. In the next rounds fund is usually obtained by gumi Cryptos Capital, Y Combinator, True Ventures.

Among the most successful fund investment fields, there are Ethereum, Software. Moreover, a startup needs to be at the age of 1 and less years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight Nomics, TruStory, Staked us. The fund has no exact preference in some founders of portfolio startups. When startup sums 5+ of the founder, the probability for it to get the investment is little.

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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

XMTP

Cryptocurrency
Software
1
$20M31 Aug 2021 Austin Texas United States

MobileCoin

Cryptocurrency
FinTech
Mobile
Payments
1
$66M18 Aug 2021 California San Francisco United States

CoinDCX

Blockchain
Cryptocurrency
Financial Services
FinTech
Trading Platform
1
$90M10 Aug 2021 India Maharashtra Mumbai

Hyperithm

Asset Management
Blockchain
Cryptocurrency
1
$11M06 Aug 2021 Japan, Chiyoda

Livepeer

Communities
Information Technology
Software
Video
Video Streaming
1
$20M29 Jul 2021 New York United States

Lemon Cash

Cryptocurrency
FinTech
Payments
1
$16M27 Jul 2021 Argentina Entre Ríos Province

FTX Exchange

Cryptocurrency
Trading Platform
1
$900M20 Jul 2021 California San Francisco United States

Connext

Cryptocurrency
FinTech
Internet
Mobile Apps
1
$12M13 Jul 2021 United States, San Francisco

CertiK

Blockchain
Computer
Cyber Security
Software
1
$37M07 Jul 2021 United States, New York
News
Metrika Raises $14M in Series A Funding

– Metrika is a Cambridge, Mass.-based operational intelligence source for blockchain.
– Company raised $14M in Series A funding.
– The round was led by Neotribe Ventures with participation from Coinbase Ventures, Samsung NEXT, Nyca Partners and SCB 10X, and previous investors, among others.
– The new investment will be used to expand the company’s platform and broaden its customer base across numerous industries.

Floating Point Group Raises $10M in Series A Funding

– Floating Point Group, a Hoboken, N.J.-based, MIT-born provider of a platform that simplifies the backend operations for investors to deploy cryptocurrency-centric strategies at scale, raised $10m in Series A funding.
– Backers included Tribe Capital, Coinbase Ventures, Anthony Scaramucci, F A S T by Gettlylab, Borderless Capital, CapitalX, Formulate Ventures, and executives from GoldenTree Asset Management, HC Tech, and Pythagorus Investments.
– The company intends to use the funds to grow its existing U.S. based software engineering staff and expand to new markets.

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