Coinbase Raises $75M in Series C Financing

coinbaseCoinbase, a San Francisco, CA-based bitcoin platform, raised $75m in Series C financing.

The round was led by DFJ Growth, with participation from existing investors including Andreessen Horowitz, Union Square Ventures and Ribbit Capital as well as BBVA Ventures.

Founded in June 2012, Coinbase, provides a platform for consumers and merchants to buy, sell, store and transact with Bitcoin, and gives developers the tools to create new applications for Bitcoin on top of its technology.
As of January 2015, the company has 2.1 million consumer wallets, 38,000 merchants processing Bitcoin payments through its platform and 7,000 developers building services based on its APIs.



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