Coinbase Ventures invests in early-stage crypto and web3 projects.
Portfolio
5
companies
BVNK
BVNK builds stablecoin payments infrastructure for global businesses.
Blockchain.com
Blockchain.com provides a platform for buying, holding, and using digital assets.
Merge
Merge builds banking and payments infrastructure for crypto and web3 businesses.
Nayms
Nayms provides a blockchain enabled marketplace for digital asset insurance.
ScienceMagic.Studios
ScienceMagic.Studios helps brands and talent navigate and build within the Web3 ecosystem.
Shan Aggarwal
Vice President of Corporate and Business Development, Ventures
Shan Aggarwal
Vice President of Corporate and Business Development, Ventures
Haun Ventures led the Series B round as BVNK establishes a presence in San Francisco and New York City.
"Today’s consumers want payments that happen as fast as the internet, across borders, and without compromising security. Stablecoins offer that solution and are helping update the financial system. Coinbase Ventures is excited to invest in BVNK as they seek to drive greater global adoption of stablecoin payments."
Kingsway Capital led the Series E financing, which values the cryptocurrency exchange at under $7bn.
The Web3 advisory joint venture has secured pre-seed backing from Coinbase Ventures, Liberty City Ventures, and Digital Currency Group to scale its operations.
"Digital assets offer huge potential for brands to engage with their communities in a new way, and for talent to realise the true value from their work for the first time. But many brands are just starting to understand this."
Octopus Ventures led the financing, which included backing from Hashed, Coinbase Ventures, and several prominent industry angels.
"Merge's vision is to build the infrastructure necessary to allow crypto businesses to operate without fear of shutdown by regulators or third-party risk teams. We're excited to back them as they build that and, ultimately, unleash even more innovation in crypto and defi."
The funding follows a $2.1m seed round and supports the upcoming launch of the NAYM token.
"We were lucky enough to have such an oversubscribed round, allowing us to be highly selective with whom we brought into the project. The additional expertise across capital markets, legal and compliance, token economics and community building will continue to help us support the growing insurance movement within the digital asset space."
