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Investor profile

Coinbase Ventures

Corporate · Founded 2018 · San Francisco, United States

Venture Capital Arm of Coinbase

401 portfolio companies Corporate · $11B invested · 467 investments · Investor rank #243 · Last investment 8/2026
Portfolio companies 401 ↑ 165% 5y
Decacorns 5 ↑ 50% 5y
Thoroughbreds 15 ↑ 44% 5y
01 · Biggest holdings

Coinbase Ventures’ biggest current holdings.

The most valuable companies Coinbase Ventures still holds — unicorns and thoroughbreds it has backed, ordered by Dealroom’s latest valuation. Companies that have been acquired or gone public are in Exits instead. Where a cap table names Coinbase Ventures directly, the stake and its estimated value are shown too.

#CompanyEst. stakeValuationEst. value
  1. 1 KalshiDecacorn · Fintech · USA $22.0B
  2. 2 OpenSeaDecacorn · Fintech · USA $13.3B
  3. 3 AlchemyDecacorn · Fintech · USA $10.2B
  4. 4 CrusoeDecacorn · Energy · USA $10.0B
  5. 5 FalconXUnicorn · Fintech · USA 4% $8.0B $320M
  6. 6 ConsenSysUnicorn · Fintech · USA $7.0B
  7. 7 Blockchain.comUnicorn · Fintech · UK $7.0B
  8. 8 LayerZeroUnicorn · Fintech · Canada 1.2% $3.0B $36M
  9. 9 Monad LabsUnicorn · Fintech · USA $3.0B
  10. 10 WorldUnicorn · Fintech · USA $3.0B
  11. 11 ForteUnicorn · Gaming · USA $2.9B
  12. 12 Amber GroupUnicorn · Fintech · Singapore 3% $2.9B $87M

Estimated value = Coinbase Ventures’ disclosed ownership % × Dealroom’s latest company valuation; direct named stakes only, exited positions excluded. Figures are indicative, not reported marks. Coinbase Ventures also appears inside investor groups in Alchemy, Blockchain.com, CertiK, ConsenSys, Genies, OpenSea, StarkWare Industries, World, where a standalone stake isn’t disclosed. See the underlying cap tables on Dealroom →

02 · Exits

Coinbase Ventures’ biggest exits.

Portfolio companies that IPO’d or were acquired at $1B+, with the valuation recorded at exit and — for those still public — their value today. Exit events come from each company’s funding-round history; entry stage from Coinbase Ventures’ transaction record.

$1.7B IPO · 2026
Entered Series ANow $1.2BFintech
$1.5B acquisition · 2026
Entered Series B+Fintech
$1.3B acquisition · 2025
Entered Series AFintech
03 · Portfolio analysis

Where Coinbase Ventures’ portfolio is concentrated.

Distribution of portfolio companies by headquarters country, sector, entry stage and current growth stage. Across all 401 portfolio companies. "Stage entered" is the first priced round the investor joined, derived from the investor’s transaction history.

By countryCount
  1. USA282
  2. Singapore22
  3. Canada10
  4. Germany10
  5. UK10
  6. India9
  7. Cayman Islands8
  8. British Virgin Islands7
  9. Switzerland7
  10. Australia4
  11. France4
  12. Hong Kong4
By sectorCount
  1. Fintech292
  2. Enterprise Software74
  3. Media35
  4. Gaming26
  5. Security24
  6. Hosting6
  7. Marketing6
  8. Music6
  9. Real Estate6
  10. Sports4
  11. Education3
  12. Energy3
By stage enteredCount
  1. Seed191
  2. Series A168
  3. Series B+41
By growth stageCount
  1. Early Growth189
  2. Breakout Stage168
  3. Late Growth71
  4. Mature1
04 · Portfolio market map

Inside Coinbase Ventures’ portfolio.

The 60 highest-funded portfolio companies, of 401 tracked.

Kalshi
Fintech · Decacorn
$22B
Crusoe
Energy · Decacorn
$10B
FTX
Fintech
BlockFi
Fintech
Forte
Gaming · Unicorn
$2.9B
Animoca Brands
Gaming · Unicorn
$5.9B
ConsenSys
Fintech · Unicorn
$7.0B
Amber Group
Fintech · Unicorn
$2.9B
Dapper Labs
Gaming
$500M
Blockchain.com
Fintech · Unicorn
$7.0B
Alchemy
Fintech · Decacorn
$10B
Near Protocol Project
Fintech · Unicorn
$1.4B
Paxos
Fintech · Unicorn
$2.4B
Polygon
Fintech · Unicorn
$2.0B
OpenSea
Fintech · Decacorn
$13B
FalconX
Fintech · Unicorn
$8.0B
Securitize
Fintech · Unicorn
$1.2B
Rain
Fintech · Unicorn
$1.9B
Mysten Labs
Fintech · Unicorn
$2.0B
Bitso
Fintech · Unicorn
$2.2B
LayerZero
Fintech · Unicorn
$3.0B
CoinSwitch
Fintech · Unicorn
$1.9B
CertiK
Security · Unicorn
$2.0B
Incode Technologies
Security · Unicorn
$1.3B
Genies
Media · Unicorn
$1.0B
TaxBit
Fintech · Unicorn
$1.3B
Aleo
Fintech · Unicorn
$1.4B
CoinDCX
Fintech · Unicorn
$2.2B
Monad Labs
Fintech · Unicorn
$3.0B
EigenLayer
Security · Unicorn
$1.1B
Wormhole
Fintech · Unicorn
$2.5B
Limit Break
Gaming
$800M
BitClout
Fintech
$800M
Mesh Connect
Fintech · Unicorn
$1.0B
Talos
Fintech · Unicorn
$1.5B
RedotPay
Fintech · Unicorn
$1.0B
MobileCoin
Fintech · Unicorn
$1.0B
Farcaster
Media
$600M
Gauntlet Network
Fintech
$500M
Lido DAO
Fintech
$280M
Celestia
Fintech · Unicorn
$1.0B
Bitwise
Fintech
$500M
Pintu
Fintech
$452M
Tribal Credit
Fintech
$164M
World
Fintech · Unicorn
$3.0B
Sardine
Fintech
$280M
Offchain Labs
Fintech · Unicorn
$1.2B
Flowdesk
Fintech
$250M
Rain
Fintech
$500M
Espresso Systems
Fintech
$400M
Aztec Protocol
Fintech
$400M
Portal
Fintech
$250M
Chaos Labs
Fintech
$160M
Ledn
Fintech
$540M
CoinTracker
Fintech · Unicorn
$1.3B
Qredo
Security
$460M
BloXroute Labs
Fintech
$280M
BVNK
Fintech · Unicorn
$1.5B
Nansenio
Security
$300M
Nansen
Fintech
$750M
05 · Portfolio founders

Where Coinbase Ventures’ portfolio founders come from.

200 founders across the 100 highest-funded portfolio companies — by current location, university attended, and the companies they worked at before founding. Sourced from the founder records the API links to each portfolio company.

LocationCount
  1. United States110
  2. Canada10
  3. Hong Kong10
  4. United Kingdom10
  5. Cayman Islands8
  6. France6
  7. India6
  8. Serbia5
  9. Singapore3
  10. South Africa3
UniversityCount
  1. Stanford University16
  2. University of California, Berkeley8
  3. Massachusetts Institute of Technology6
  4. Cornell University5
  5. Princeton University5
  6. Harvard Business School4
  7. University of New Hampshire3
  8. University of Oxford3
  9. University of Pennsylvania3
  10. University of Puget Sound3
Previous companyCount
  1. Alphabet | Google13
  2. Microsoft8
  3. Goldman Sachs6
  4. Meta6
  5. Stanford University6
  6. Devana Technologies5
  7. GoDaddy5
  8. Apple4
  9. Coinbase4
  10. IBM4