• FOUNDING YEAR: 2012
    LOCATION:
    United States
    REGION:
    CA
    Last Update:
    27 Jun, 2019

Description

FOCUS

PRODUCTS & SERVICES:
The digital exchange platform helps users to buy & sell popular digital currencies; invest in digital currency slowly over time by scheduling buys daily, weekly, or monthly; store funds in a vault with time-delayed withdrawals, etc.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Dell, Expedia, PayPal, Square, Intuit, Overstock
EXISTING PARTNERSHIPS:
Time Inc, Braintree

PEOPLE

FOUNDERS:
Brian Armstrong, Fred Ehrsam
Board Members and Advisors:
Victor Pascucci, Rameet Chawla
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
IVP, Spark Capital, Greylock Partners, Battery Ventures, Section 32, Draper Associates, The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Capital, Sozo Ventures, Reinventure Group, New York Stock Exchange, Andreessen Horowitz, Union Square Ventures, Ribbit Capital, USAA, BBVA, Ntt DoCoMo, Valor Capital Group, DFJ, SV Angel, FundersClub, Y Combinator, IDG ventures, Blockchain Capital, Wonder Ventures, GGV Capital, VinaCapital, Digital Currency Group, Red Swan Ventures, Vast Ventures, Version One Ventures, Kindred Ventures, Invemax, Interplay Ventures, Initialized Capital, Propel Venture Partners, Smartex, Vayner/RSE, and Wellington Management.
KEY EMPLOYEES:
Brian Armstrong (CEO)

TRACTION

VALUATION / MARKET CAP:
$8 Billions in 2018
VALUATION COMMENT
After the latest funding round, the company's valuation is at $8 billion. (Dec. 2018)
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only
ACTIVE USERS:
25 Million in 2019
ACTIVE USERS COMMENT:
The company has opened 25 million wallets for customers. (Feb. 2019)
COMMENT:
$20 billion in digital currency exchanged. (Aug. 2017)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$546 Millions
DATE OF LAST FUNDING:
Dec 2018
TOTAL FUNDING COMMENT:
The company will use the funds to accelerate the adoption of cryptocurrencies, with plans to build infrastructure to support regulated fiat-crypto trading globally.
SEED & PRIOR FUNDING:
$600 K
SEED CLOSED ON:
Sep 2012
FUNDING SERIES:
SERIES A
$6.11 Millions Closed: May 2013
SERIES B
$25 Millions Closed: Dec 2013
SERIES C
$75 Millions Closed: Jan 2015
SERIES D
$118.5 Millions Closed: Sep 2017
SERIES E
$300 Millions Closed: Oct 2018
SERIES F
$21.3 Millions Closed: Dec 2018
LISTED:
NO

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