{"id":9826,"date":"2017-08-11T12:11:29","date_gmt":"2017-08-11T11:11:29","guid":{"rendered":"http:\/\/www.devopsonline.co.uk\/?p=9826"},"modified":"2017-08-11T12:13:40","modified_gmt":"2017-08-11T11:13:40","slug":"coinbase-raises-us100million-funding","status":"publish","type":"post","link":"https:\/\/devopsnews.online\/coinbase-raises-us100million-funding\/","title":{"rendered":"Coinbase raises US$100million in funding"},"content":{"rendered":"
CoinDesk data revealed that Coinbase raised US$100million through Series D funding \u2013the largest single traditional funding round for a public blockchain or cryptocurrency start-up.<\/p>\n
The round was led by Silicon Valley venture firm, Institutional Venture Partners, that counts digital start-ups and tech, including: Dropbox, GitHub, Netflix, Battery Ventures, Draper Associates, Greylock Partners, Section 32 and Spark Capital as clients.<\/p>\n
Coinbase raised more than \u201cany other industry firm\u201d that has been funded through accredited investors, with its round completion raising more than US$217million.<\/p>\n
The digital asset exchange company now accounts for 10% of venture capital investment in blockchain start-ups.<\/p>\n
According to Coindesk<\/em>, a statement by Coinbase said: \u201cIt would use the funds to expand its customer support and engineering teams.\u201d<\/p>\n CoinDesk<\/em> also noted that ICO Tracker\u2019s blockchain projects have raised over US$1.6billion through selling cryptographic data, designed to power their protocols through a funding method known as an\u00a0initial coin offering or token sale.<\/p>\n Written by Leah Alger<\/p>\n","protected":false},"excerpt":{"rendered":" CoinDesk data revealed that Coinbase raised US$100million through Series D funding<\/p>\n","protected":false},"author":12,"featured_media":9830,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","pmpro_default_level":"","footnotes":""},"categories":[1351],"tags":[1721,1013,1719,1720,1727,1726,1722,1383,658,1723,999,1724,1725],"yoast_head":"\n