Bitcoin Startup Coinbase Raises $25 Million

Clayton Browne | ValueWalk.com
December 13, 2013   

Bitcoin-related businesses are popping up like mushrooms, reflecting the growing popularity of the virtual currency. One of the most successful bitcoin-related businesses is digital wallets or bitcoin wallets.

Coinbase, one of the fastest-growing bitcoin wallet services, announced yesterday it had completed a $25 million Series B financing round. Andreessen Horowitz led the financing round. This is the company’s second round of financing, having already raised an initial $5 million back in March. According to TNW, this $25 million funding was the largest financing round ever for a bitcoin startup.

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