Singapore’s sovereign wealth fund GIC has been revealed as a backer in corporate-backed Coinbase’s $300m series E round last October.
Coinbase, a US-based cryptocurrency trading platform backed by corporates BBVA, New York Stock Exchange, NTT Docomo and USAA, has received the backing of Singapore’s sovereign wealth fund GIC, Bloomberg reported today.
GIC participated in Coinbase’s $300m series E round in October 2018, people familiar with the matter told Bloomberg. The round was led by hedge fund manager Tiger Global Management.
Accelerator Y Combinator had also backed the round through its Continuity fund, investing alongside investment management firm Wellington Management,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
