Coinbase, a San Francisco-based digital currency startup, has raised $100m in Series D funding, led by venture capital firm IVP.
Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates also participated in the funding round.
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The company said that it would use the fund to increase the size of its engineering and customer support teams; open a GDAX office in New York City, and invest in Toshi – a browser for the Ethereum network.
“We’re fortunate to be working with IVP, one of the premier later-stage venture capital and growth equity firms in the United States,” the company said in it press statement.
Founded in 2012, Coinbase has exchanged over $25bn of digital currency for its customers.
Other notable IVP investments include companies such as Dropbox, Netflix, Twitter, Slack, and Snap.
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