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Coinbase - Seed
Overview
Funding Date
September 12, 2012
Financing amount
$0.6M
Valuation
--
Catagory
Subcategory
About Coinbase - Seed
Some all stars like Y Combinator, Alexis Ohanian (reddit co-founder), Trevor Blackwell (Anybots, YC co-founder) and IDG Ventures have invested in Coinbase. Armstrong, of course, makes it quite easy to believe in Coinbase. He created Coinbase to be the PayPal of Bitcoin and to bring Bitcoin to the masses.
Having completed the FundersClub (YC S12) crowdfunding round, Coinbase raised $268,700, a little over its goal of $250,000, from 61 FundersClub members. That’s an average of $4,500 per member. The minimum to invest was $1,000 with $2,500 guaranteeing you a spot in the round. The opportunity was initially only available for 10 days but it was subsequently extended a number of times. It ended up being available for about 1 month in total. Coinbase also raised an additional $350,000 from offline investors.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2012 | 19 | contact@initialized.com | ||
| Fund | United States of America | 2005 | 47 | info@ycombinator.com | ||
| Fund | United States of America | 2009 | 29 | -- | ||
| Corporate | Poland | 2012 | 1 | info@invemax.com | ||
| Fund | United States of America | 2010 | 12 | -- | ||
| Angel Investor | United States of America | 2012 | 3 | -- | ||
| Angel Investor | United States of America | -- | 7 | -- | ||
| Fund | China | 1993 | 26 | cooperation@idgcapital.com | ||
| Angel Investor | United States of America | 2020 | 11 | press@alexisohanian.com | ||
| Angel Investor | United States of America | -- | 1 | -- |
Founders & Team
Brian Armstrong
Fred Ehrsam
Company Profile / Project Introduction
Coinbase is an online crypto platform that allows merchants, consumers, and traders to transact with digital currency. It allows its users to create their own bitcoin wallets and start buying or selling bitcoins by connecting with their bank accounts. Also, it provides a series of merchant payment processing systems and tools that support many highly-trafficked websites on the internet. Coinbase was launched in 2012 with a mission to create an open financial system for the world. It is operated from San Francisco, California. The vision is to bring more innovation, efficiency, and equality of opportunity to the world by building an open financial system.