Coinbase Said to Be Valued at More Than $400 Million in Funding
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Coinbase Inc., provider of digital wallets for receiving and spending bitcoins, has raised $75 million in financing, which it said is the largest funding round yet for a bitcoin company.
The investment values the San Francisco startup at more than $400 million, according to a person with knowledge of the matter, who asked not to be identified because the valuation isn’t public. The round was led by DFJ Growth, with participation from existing investors including Andreessen Horowitz, Union Square Ventures and Ribbit Capital. The New York Stock Exchange, USAA Bank and Banco Bilbao Vizcaya Argentaria SA also participated.