Coinbase aces into 'Unicorn' status with $100M fresh funding
Funded in 2012, Coinbase has raised two of the industry’s largest funding rounds. In early 2015, the startup had raised $77 million in a Series C funding round from a group of investors that included the New York Stock Exchange and Fortune 500 financial services group USAA. In the meantime, it also raised $10.5 million from Mitsubishi UFJ. Last week, Filecoin, a blockchain-based storage network and cryptocurrency, raised $52 million from investors. The company is poised to raise millions more on Thursday when it begins selling units of its bitcoin-like cryptocurrency to a larger set of wealthy investors like Sequoia Capital, Andreessen Horowitz and Union Square Ventures. This figure further swelled after to an estimated $200 million from accredited investors after Filecoin opened its Initial Coin Offering (ICO) yesterday. According to data from the CoinDesk ICO Tracker, roughly $1.7 billion has been invested through the ICO model to date, indicating that the Filecoin sale could push this figure past the $2 billion mark.“Digital currencies are having their “Netscape” moment. The pace of innovation has been accelerating and we are now seeing exciting projects and companies being built on top of digital currencies. We’re beginning to transition into phase three of our secret master plan,” Armstrong quoted in the Medium blog.