Coinbase Ventures

Exchange ventures arm San Francisco, United States Founded 2018 coinbase.com @cbventures
41portfolio companies
14categories
3rounds led

About Coinbase Ventures

Coinbase Ventures is the corporate venture capital arm of Coinbase Global, Inc. Formed in 2018, the firm operates under the leadership of head Hoolie Tejwani. Parent company co-founders Brian Armstrong, a former Airbnb engineer, and Fred Ehrsam, a former Goldman Sachs trader, established Coinbase in 2012. The investment arm backs early-stage projects spanning decentralized finance, developer tooling, layer 1 protocols, onchain AI agents, and payment infrastructure.

Portfolio and investment strategy

Coinbase Ventures participates primarily in seed and Series A rounds, frequently deploying capital alongside other institutional crypto funds. Notable portfolio investments include Compound Labs, which received the fund's initial backing in 2018, along with Ethereum layer 2 Arbitrum during its 2021 Series B round. The arm led a $24 million Series A for developer platform thirdweb in 2022, led a $225 million round for messaging protocol Wormhole in 2023, and backed liquid staking protocol Rocket Pool via a private token sale that same year. It also participated in funding rounds for restaking protocol EigenLayer, oracle network RedStone, and prediction market Polymarket.

Recent activity

The firm completed 30 funding rounds during the first half of 2026, leading active venture deployment across the sector. Recent capital allocations focus on AI financial execution and cross-border settlement rails. In 2026, investments included funding for natural-language trading platform Catalyst in October, enterprise credit platform Jeeves and settlement network Fin in September, as well as prediction market terminal River Markets in August. In May 2026, it backed privacy-preserving clearing network Cycles in a $6.4 million financing round.

Portfolio in our directory

Analytics & Portfolio Trackers (3)

Onchain intelligence platform tracking over 48,000 crypto assets with alerts and API feeds

Series A2026-04-29
4.0

On-chain analytics platform tracking 7.7B address tags across 16 blockchains

4.3

On-chain analytics platform covering 130+ chains, with SQL queries and public dashboards

4.0

Blockchains (3)

Ethereum optimistic rollup securing over $12B with ~0.25-second block times and Stylus Rust contracts

4.2

Ethereum layer-2 optimistic rollup and modular framework powering the Superchain ecosystem

4.0

EVM-compatible ZK rollup ecosystem settling on Ethereum with over 700M processed transactions

3.7

Cross-Chain Bridges (5)

Intent-based cross-chain bridge using optimistic verification, processing over $40B in total volume

No KYC2025-03-04$41M
4.3

Cross-chain messaging protocol securing transfers across 45+ blockchains

2021-09-21$8.5M
3.2

Omnichain messaging protocol with 43+ configurable verifier networks

Series A+2022-03-31$135M
3.2

Bridgeless Bitcoin cross-chain swap protocol using BitScaler atomic channels backed by $92M in funding

No KYCSeed2021-09-21$8.5M
3.4

Proof-of-stake cross-chain messaging protocol connecting over 80 blockchains

No KYCSeed2020-11-13$3.8M
3.9

Crypto Asset Managers (2)

Digital asset manager and liquidity provider founded by former Morgan Stanley traders in 2017

Series B2021-06-22$100M
3.2

Crypto asset manager running over 70 products with $9B in client assets

Series B2021-06-15$70M
4.0

Crypto Exchanges (1)

Derivatives trading firm operating AX perpetual futures and US-regulated brokerage subsidiaries

KYC requiredPre-Seed2023-01$5M
3.5

Crypto Tax Software (1)

Crypto tax and portfolio tracking software launched in 2017, backed by a $100M Series A

Series A2022-01$100M
3.5

Crypto Wallets (1)

Self-custodial Cosmos wallet launched in 2021, now supporting almost 350 networks

Seed2025-01$5M
4.1

DeFi Lending (4)

Money market protocol offering isolated borrowing against hundreds of collateral assets

No KYCSeed2023-05-12$2.5M
3.9

Modular lending protocol with permissionless vaults and over $280M in TVL

No KYCSeries A2022-06$32M
3.9

Non-custodial lending protocol deployed across Base, Optimism, Ethereum, and Moonbeam

No KYCStrategic Round2022-03-17$10M
3.0

Unified lending and DEX liquidity layer originating from the Instadapp team

No KYCSeed2019-01$2.4M
3.9

Decentralized Exchanges (2)

Solana AMM with $500B+ cumulative trading volume since its 2021 launch

2021-09$18M
3.6

Decentralized AMM launched in 2018, with support across 16+ EVM mainnets

No KYC
4.1

NFT Marketplaces (3)

Non-custodial multichain NFT marketplace charging 1.5% to 2% trading fees across major networks

No KYCSeed2021-02-03$1.8M
3.5

Self-custodial NFT marketplace supporting 25+ chains and token swaps

3.7

Solana NFT marketplace founded in 2021 with 0% listing fees

3.2

Oracles & Infrastructure (5)

Modular oracle network securing $9.1B in value across 110+ blockchains

Seed2022-08-30$7M
4.0

Full-stack Web3 developer toolkit with embedded wallets, contract APIs, and bridging across 95+ chains

Series A2022-08$24MLead investor
3.8

Decentralized data routing protocol running a peer-to-peer Bitcoin hashpower market on Arbitrum

Private Sale2021-09$6M
2.8

Decentralized blockchain indexing and GraphQL queries across 60+ networks

Seed2020-06-30$5.1M
4.2

Unified multichain indexing and API platform supporting over 100 blockchains

4.1

Prediction Markets (3)

Base prediction market for short-dated crypto, sports, and macro contracts settled in USDC

Strategic2025-07-01$4M
3.7

CFTC-regulated prediction market exchange offering binary event contracts settled in US dollars

KYC requiredSeries D2025-10-10$300M
4.3

Prediction market on Polygon, founded in 2020 and backed by Founders Fund

2025-10-07$150M
4.0

Staking & Liquid Staking (7)

Permissionless restaking and shared collateral protocol backed by Paradigm and Pantera on Ethereum

Series A2025-04-23$29M
3.6

Decentralized Ethereum liquid staking backed by permissionless node operators and a 0.01 ETH minimum

No KYCPrivate token sale2023-08-10Lead investor
4.2

Restaking protocol securing EigenCloud with $10B+ in staked ETH

3.3

Distributed validator infrastructure splitting Ethereum validation across multi-operator clusters

Series A2023-01-17$12.5M
3.9

Distributed validator protocol securing over 7 million ETH across 120,000 active validators

Seed2022-02-08$10M
4.0

Multichain liquid staking protocol behind ETHx with low-bond permissionless node operation

No KYCSeed2021-10-07$4M
3.6

Ethereum liquid staking with 600+ node operators and a 10% rewards fee

Private token sale2021-05-05$73M
4.1

Token Launchpads (1)

MiCA-compliant ICO underwriting platform allocating token sales via on-chain reputation rather than staking

KYC requiredSeed2025-08-20$5M
4.2

Latest on X

Coinbase Ventures 🛡️
@cbventures · 1.5M followers
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The future of finance and trading is agentic. Excited to back the team at @catalystapp building a platform that turns natural language into financial execution across any asset, market or venue https://t.co/mk61ntsdEz
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Stablecoins have moved from an emerging rail to practical infrastructure for global enterprises. @jeeves_inc pairs that infrastructure with real distribution. Excited to back the team as they bring faster, more efficient financial operations to businesses across markets. https://t.co/lXDrtldYsB
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We invested in Bastion because we believed in the team’s vision for complaint enterprise-grade stablecoin infrastructure, and now they are a bank! Congrats to the entire Bastion team on this major milestone
22 11 60 42K View on X
Moving money globally is only half the job. Businesses still need a simple way to get stablecoins into local bank accounts and wallets.

We’re backing Fin as they build the infrastructure to bridge that last mile. https://t.co/cl4KFHIYeH
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10 15 94 32.7K View on X

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