United States · Funded startup

Who invested in Coinbase

7 rounds we have observed, with the 28 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Web3 & Crypto

Y Combinator: S12

Funding summaryUpdated 26 Oct 2026

$3.0Braised across 7 rounds since 2012, from 7 sources

$600KSeed$166KVenture$6.1MSeries A$25MSeries B$75MSeries C$300MSeries E$2.6BDebt
Latest round
Debt, $2.6BAug 2025
Step-upi
8.7×
Investors
28
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2012201420162018202020222024
$600KSeed$166KVenture$25MSeries B$75MSeries C$300MSeries E$2.6BDebt
First round
Seed, $600K
Sept 2012
Biggest round
$2.6B
Debt · Aug 2025
Usual gap between rounds
13 months
the median of 5
CoinbaseBlockchain1 / 12Their pitch deckCoinbase's pitch deck, 12 slidesEach slide read for what it argues, against the decks that raised at the same stage.

The rounds

  1. Aug 2025
  2. Oct 2018
    Series E$300M3 new1 returning

    Reported by FinSMEsSEC filing: $277M sold, first sale Oct 2018

  3. Jan 2015
  4. Dec 2013
  5. May 2013
    Series A$6.1M6 new1 returning

    Reported by sec.govSEC filing: $6.1M sold, first sale Apr 2013

  6. Oct 2012
    Venture$166K

    No investor was named in the report.

    From a historical funding record

  7. Sept 2012

Founders and team

From the SEC filings it signed: 2 on the team.

  • Brian ArmstrongExecutive Officer, Directori
  • Fred EhrsamExecutive Officer, Directori

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Andreessen HorowitzVC firm4rounds
Union Square VenturesVC firm3rounds
Ribbit CapitalVC firm3rounds
FundersClubVC firm2rounds
Wellington ManagementVC firm2rounds
Y CombinatorAccelerator1round
SV AngelVC firm1round
Draper AssociatesVC firm1round
IVPVC firm1round
Draper Fisher Jurvetson (DFJ)Investment firm1round
ParadigmVC firm1round
PolychainVC firm1round
Alexis OhanianAngel1round
Valor Capital GroupVC firm1round
Blockchain CapitalVC firm1round
Vayner/RSEVC firm1round
Garry TanAngel1round
Anthony SalehVC firm1round
Hard YakaVC firm1round
RedSwan VCVC firm1round
Nasir JonesVC firm1round
USAACorporate VC1round
InterplayFamily office1round
BBVA VenturesVC firm1round
Bobby GoodlatteAngel1round
Tiger Global Management/ Y Combinator Continuityno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Coinbase

Who invested in Coinbase?

Coinbase's investors include Andreessen Horowitz, Union Square Ventures, Ribbit Capital, FundersClub and Wellington Management, and 23 more on record.

How much has Coinbase raised?

Coinbase has raised $3.0B across 7 rounds since 2012.

When did Coinbase last raise?

Coinbase's most recent round was a Debt of $2.6B in Aug 2025.

What was Coinbase's biggest round?

Its most recent round, $2.6B in Aug 2025, is also its largest on record.

Who backed Coinbase first?

Coinbase's first round on record, in Sept 2012, was backed by Y Combinator, FundersClub and Alexis Ohanian and 2 others.

What stage is Coinbase at?

Coinbase's latest named round is a Debt, in Aug 2025.

Where is Coinbase based?

Coinbase is based in the United States.

Companies like Coinbase

In the same sector, and raised in the last eighteen months.

Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.