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Coinbase Closes $25 Million Financing Led by Andreessen Horowitz

Coinbase logo 140pxCoinbase has announced that it has closed a series B funding round totaling $25M, led by Andreessen Horowitz, with participation from existing investors Union Square Ventures and Ribbit Capital.

Coinbase is the only company that touches the three most important points of the Bitcoin ecosystem: consumers, merchants, and developers. We are averaging 10,000 new customer sign-ups a day, and are now working with over 16,000 merchants including OkCupid, Khan Academy, and Reddit, who use Coinbase to accept bitcoin.
Andreessen Horowitz’s Chris Dixon will join the company's board of directors, along with Union Square Ventures’ Fred Wilson.

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