Investors Sound Off on Coinbase’s Record-Setting Fundraising

CoinDesk takes a look at how Coinbase's investors are framing their participation in today's record-setting fundraising.

AccessTimeIconJan 20, 2015 at 8:40 p.m. UTC
Updated May 2, 2022 at 3:56 p.m. UTC
CoinDesk - Unknown
coinbase investors $75 million fundraise

Bitcoin services provider Coinbase announced today that it had closed a $75m Series C funding round from a host of notable investors – to date the largest round raised by any company in the industry.

The confirmation of what had been rumored to be bitcoin's largest-ever funding round inspired widespread reaction on social media, and also had a positive correlation on the CoinDesk Bitcoin Price Index.

The price of bitcoin rose to $212.99 on the news, up from $205.15 at 14:00 UTC, the time of its publication on the Coinbase blog. A similar spike was also observable in CNY markets.

Following the news, a number of the investors offered comment on the funding round and provided insight into the motivations behind the participation of their respective firms.

Unsurprisingly, most framed the funding as good news for bitcoin, the industry as a whole and for the technology to spread to new markets:

Meyer 'Micky' Malka, founder, Ribbit Capital

CoinDesk - Unknown
Screen Shot 2015-01-20 at 3.54.49 PM

Fred Wilson, co-founder, Union Square Ventures

CoinDesk - Unknown
Screen Shot 2015-01-20 at 3.00.25 PM

Jay Reinemann, executive director, BBVA Ventures

CoinDesk - Unknown
BBVA, Coinbase

Tom Farley, president, The New York Stock Exchange

CoinDesk - Unknown
NYSE, Coinbase

Tim Draper, founding partner, DFJ Growth Fund

draper, coinbase

Other investors including Andreessen Horowitz, DoCoMo and USAA, as well as former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer have yet to comment on the news.

Images via CoinDesk


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.