Coinbase Ventures helped the cryptocurrency exchange increase its valuation to $2.15bn in a round pushing its overall funding past $240m.

India-based cryptocurrency exchange CoinDCX secured $135m in series D funding today from investors including Coinbase Ventures, a subsidiary of digital currency exchange Coinbase, almost doubling its valuation to $2.15bn.

The round was co-led by Steadview Capital Management and Pantera Capital with additional backing from Kingsway Capital, Kindred Ventures, DraperDragon, Republic, B Capital Group, Polychain Capital and Cadenza Capital Management.

CoinDCX operates a cryptocurrency trading platform and the funding will support plans to launch several products for the Indian market and…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
email
Linked in