# Coinbase funding: rounds and investors > Coinbase has raised $3.0B across 7 rounds since 2012. Investors include Andreessen Horowitz, Union Square Ventures and Ribbit Capital. Source: https://millionrounds.com/company/coinbase (Millionrounds; every figure on the page links to its filing or article) United States · [Funded startup](https://millionrounds.com/companies) # 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 summary Updated 26 Oct 2026 **$3.0B** raised across 7 rounds since 2012, from 7 sources **$600K** Seed **$166K** Venture **$6.1M** Series A **$25M** Series B **$75M** Series C **$300M** Series E **$2.6B** Debt - **Latest round:** Debt, $2.6B Aug 2025 - **Step-up i:** 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. 2012 2014 2016 2018 2020 2022 2024 **$600K** Seed **$166K** Venture **$25M** Series B **$75M** Series C **$300M** Series E **$2.6B** Debt - **First round:** Seed, $600K - **Biggest round:** $2.6B - **Usual gap between rounds:** 13 months [**Coinbase** Blockchain 1 / 12 Their pitch deck **Coinbase's pitch deck, 12 slides** Each slide read for what it argues, against the decks that raised at the same stage.](https://millionrounds.com/decks/coinbase) ## The rounds - **Aug 2025** Debt **$2.6B** *3 new* *2 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Draper Associates](https://millionrounds.com/fund/draper-associates) [Wellington Management](https://millionrounds.com/fund/wellington-management) [IVP](https://millionrounds.com/fund/ivp) [Paradigm](https://millionrounds.com/fund/paradigm) Source recorded - **Oct 2018** Series E **$300M** *3 new* *1 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Polychain](https://millionrounds.com/fund/polychain) Tiger Global Management/ Y Combinator Continuity Reported by FinSMEs SEC filing: $277M sold, first sale Oct 2018 - **Jan 2015** Series C **$75M** *7 new* *3 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) [Valor Capital Group](https://millionrounds.com/fund/valor-capital) [Blockchain Capital](https://millionrounds.com/fund/blockchain-capital) [Vayner/RSE](https://millionrounds.com/fund/vayner-rse) [USAA](https://millionrounds.com/fund/usaa) [BBVA Ventures](https://millionrounds.com/fund/bbva-ventures-2) [New York Stock Exchange (NYSE)](https://millionrounds.com/fund/new-york-stock-exchange-nyse) From a historical funding record - **Dec 2013** Series B **$25M** *4 new* *2 returning* [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [QueensBridge Venture Partners](https://millionrounds.com/fund/queensbridge-venture-partners) [Anthony Saleh](https://millionrounds.com/fund/anthony-saleh) [Nasir Jones](https://millionrounds.com/fund/nasir-jones) Reported by blog.coinbase.com - **May 2013** Series A **$6.1M** *6 new* *1 returning* [SV Angel](https://millionrounds.com/fund/sv-angel) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [FundersClub](https://millionrounds.com/fund/fundersclub) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [RedSwan VC](https://millionrounds.com/fund/red-swan-ventures-2) [Interplay](https://millionrounds.com/fund/interplay) [Bobby Goodlatte](https://millionrounds.com/fund/bobby-goodlatte) Reported by sec.gov SEC filing: $6.1M sold, first sale Apr 2013 - **Oct 2012** Venture **$166K** No investor was named in the report. From a historical funding record - **Sept 2012** Seed **$600K** *5 new* [Y Combinator](https://millionrounds.com/fund/y-combinator) [FundersClub](https://millionrounds.com/fund/fundersclub) [Alexis Ohanian](https://millionrounds.com/fund/alexis-ohanian) [Garry Tan](https://millionrounds.com/fund/garry-tan) [Hard Yaka](https://millionrounds.com/fund/hard-yaka) Reported by privateinternetaccess.com ## Founders and team From the SEC filings it signed: 2 on the team. - **Brian Armstrong** Executive Officer, Director i - **Fred Ehrsam** Executive Officer, Director i ## 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. **Seed** 2012 **Venture** 2012 **Series A** 2013 **Series B** 2013 **Series C** 2015 **Series E** 2018 **Debt** 2025 [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) [FundersClub](https://millionrounds.com/fund/fundersclub) [Wellington Management](https://millionrounds.com/fund/wellington-management) [Y Combinator](https://millionrounds.com/fund/y-combinator) [SV Angel](https://millionrounds.com/fund/sv-angel) [Draper Associates](https://millionrounds.com/fund/draper-associates) [IVP](https://millionrounds.com/fund/ivp) [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) ## Everyone who backed them [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz) VC firm **4** rounds [Union Square Ventures](https://millionrounds.com/fund/union-square-ventures) VC firm **3** rounds [Ribbit Capital](https://millionrounds.com/fund/ribbit-capital) VC firm **3** rounds [FundersClub](https://millionrounds.com/fund/fundersclub) VC firm **2** rounds [Wellington Management](https://millionrounds.com/fund/wellington-management) VC firm **2** rounds [Y Combinator](https://millionrounds.com/fund/y-combinator) Accelerator **1** round [SV Angel](https://millionrounds.com/fund/sv-angel) VC firm **1** round [Draper Associates](https://millionrounds.com/fund/draper-associates) VC firm **1** round [IVP](https://millionrounds.com/fund/ivp) VC firm **1** round [Draper Fisher Jurvetson (DFJ)](https://millionrounds.com/fund/draper-fisher-jurvetson-dfj) Investment firm **1** round [Paradigm](https://millionrounds.com/fund/paradigm) VC firm **1** round [Polychain](https://millionrounds.com/fund/polychain) VC firm **1** round [QueensBridge Venture Partners](https://millionrounds.com/fund/queensbridge-venture-partners) VC firm **1** round [Alexis Ohanian](https://millionrounds.com/fund/alexis-ohanian) Angel **1** round [Valor Capital Group](https://millionrounds.com/fund/valor-capital) VC firm **1** round [Blockchain Capital](https://millionrounds.com/fund/blockchain-capital) VC firm **1** round [Vayner/RSE](https://millionrounds.com/fund/vayner-rse) VC firm **1** round [Garry Tan](https://millionrounds.com/fund/garry-tan) Angel **1** round [Anthony Saleh](https://millionrounds.com/fund/anthony-saleh) VC firm **1** round [Hard Yaka](https://millionrounds.com/fund/hard-yaka) VC firm **1** round [RedSwan VC](https://millionrounds.com/fund/red-swan-ventures-2) VC firm **1** round [Nasir Jones](https://millionrounds.com/fund/nasir-jones) VC firm **1** round [USAA](https://millionrounds.com/fund/usaa) Corporate VC **1** round [Interplay](https://millionrounds.com/fund/interplay) Family office **1** round [BBVA Ventures](https://millionrounds.com/fund/bbva-ventures-2) VC firm **1** round [Bobby Goodlatte](https://millionrounds.com/fund/bobby-goodlatte) Angel **1** round [New York Stock Exchange (NYSE)](https://millionrounds.com/fund/new-york-stock-exchange-nyse) Corporate VC **1** round Tiger Global Management/ Y Combinator Continuity no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=coinbase). ## 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. [**Kalshi** $2.7B · Oct 2026](https://millionrounds.com/company/kalshi)[**STRIVE** $1.3B · Oct 2026](https://millionrounds.com/company/strive)[**Arda** $233M · Oct 2026](https://millionrounds.com/company/arda)[**Binance.US** $300M · Oct 2026](https://millionrounds.com/company/binance-us)[**Fission** $10M · Oct 2026](https://millionrounds.com/company/fission)[**Ramp** $4.5B · Oct 2026](https://millionrounds.com/company/ramp) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app