Today we are pleased to announce that Coinbase has raised $75 million in Series C financing, the largest funding round to date for a Bitcoin company. This brings our total capital raised to $106 million.
The round was led by DFJ Growth, with participation from our existing investors, including Andreessen Horowitz, Union Square Ventures, and Ribbit Capital.
Three of the worlds most respected financial institutions The New York Stock Exchange, a subsidiary of USAA, and BBVA (a large multinational bank) also invested in the round alongside personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer. This marks the first time that financial institutions have made a major investment in a Bitcoin company.
The round saw participation from a number of other strategic partners who will accelerate our international expansion, including DoCoMo Capital, a division of Japans largest mobile telecommunications operator.
Todays fundraise gives us solid growth capital to continue driving mainstream, global adoption of Bitcoin. We are honored to be joined by such a prestigious group of investors and remain focused on helping Bitcoin continue to grow in 2015 and beyond.