Andreessen Horowitz invests $25 million in Coinbase

For those of you who don’t know, Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin and Ethereum. In recent years, more people have been researching other investors Bitcoin Prime Ervaringen (Bitcoin Prime experiences) and have been wanting to invest in cryptocurrency. Of course, the digital natures of the currencies mean they can’t do this without a platform on which to trade. This is what makes Horowitz’s investment such a big deal — Things just got very interesting in the bitcoin space especially with a new Bitcoin System being released seemingly every month. Andreessen Horowitz, never a firm to shy away from large bets, just invested $25MM into Coinbase. It looks like other current investors including Union Square Ventures and Ribbit Capital were also a part of the Series B raise. If you keep an eye on the state of Bitcoin, you will most likely have an opinion on whether or not it is a good time to invest or not – bitcoin investieren oder nicht. The story from AllThingsD:

“If you’re a bitcoin doubter, you might want to turn away. The doors to venture funding in bitcoin startups are about to swing wide open.
Andreessen Horowitz has led a $25 million Series B investment in San Francisco-based Coinbase, the companies are announcing today, in what may very well be the largest-ever venture investment in a bitcoin-related company. Coinbase previously raised nearly $7 million.
Existing investors Union Square Ventures and Ribbit Capital will contribute some cash, as well. And Union Square’s Fred Wilson and Andreessen Horowitz’s Chris Dixon are taking seats on Coinbase’s board of directors.”

Read more at AllThingsD.

Coinbase founders

Coinbase founders Brian Armstrong and Fred Ehrsam (AllThingsD)