# Coinbase

> Leading U.S. crypto exchange and on-ramp — early a16z conviction bet that went public.

## Why it is interesting

Coinbase remains the reference public crypto company. a16z’s early Series B thesis (Bitcoin as CS breakthrough) is a historical case study in contrarian category creation — still relevant as RWA/tokenization narratives revive.

## Profile

- **Stage:** public
- **Status:** public
- **Industries:** crypto-web3, fintech
- **Coverage:** full
- **Last updated:** 2026-07-24

## Key facts

- Series B (Dec 2013): $25M led by a16z; Union Square Ventures and Ribbit Capital participated — Coinbase blog
- Series A (May 2013): $6.11M co-led by Union Square Ventures and Ribbit Capital — Reuters, CNBC
- a16z and USV became largest outside investors pre-IPO — CNBC (Apr 2021)

## Investors in our directory

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/union-square-ventures
- https://venturecapitaltracker.com/fund/ribbit-capital
- https://venturecapitaltracker.com/fund/tiger-global-management
- https://venturecapitaltracker.com/fund/battery-ventures

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Source: https://venturecapitaltracker.com/startup/coinbase