Coinbase Ventures logoCoinbase Ventures

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Coinbase Ventures is an early-stage venture capital fund focused on investing in blockchain and crypto startups. They have a particular interest in Africa, where they have backed several notable companies, including VALR, Mara, and Yellow Card. Coinbase Ventures is unique in their deep understanding of the blockchain ecosystem and their commitment to supporting African startups.

Type
Venture Capital

Coinbase Ventures' Portfolio in Africa

Coinbase Ventures has made over 4 notable investments in African startups. Their most recent investment was in Mara, announced on May 11th, 2022.
Coinbase Ventures' Latest news
RedStone Finalizes $7M Seed Round From Lemniscap, Blockchain Capital, Coinbase Ventures, Others - Crowdfund - Crowdfund Insider

Nomad Announces Strategic Investment from Coinbase Ventures, OpenSea, Crypto.com Capital, Polygon as Part of Seed Funding - businesswire.com

Nomad Announces Strategic Investment from Coinbase Ventures, OpenSea, Crypto.com Capital, Polygon as Part of Seed Funding - Business Wire

Nomad Announces Strategic Investment from Coinbase Ventures, OpenSea, Crypto.com Capital, Polygon as Part of Seed Funding - MarTech Series

Coinbase Ventures backs crypto, stablecoin lender CLST in multi-million dollar seed round - Seeking Alpha

Institutional Digital Asset Lending Venue, CLST, Completes an Oversubscribed Multi-Million Raise led by Spartan Group, Coinbase Ventures, Kraken Ventures, and Additional Top-Tier Investors - Business Wire

Institutional Digital Asset Lending Venue, CLST, Completes an Oversubscribed Multi-Million Raise led by Spartan Group, Coinbase Ventures, Kraken Ventures, and Additional Top-Tier Investors - businesswire.com

Coinbase Ventures Backed Startup to Build Pan-African Crypto Exchange With $23 Million Capital Raise – Finance Bitcoin News - Bitcoin News

MARA raises $23M from Coinbase Ventures and FTX to build Africa’s portal to the crypto economy - TechCrunch

Coinbase Ventures’ Crypto Outlook Emphasizes Incremental Gains — Not Radical Shifts - PYMNTS.com

Coinbase Ventures' Investment activity in Africa

With over $95.5M invested in African startups, their latest investment was a Seed round in Mara, announced on May 11th, 2022, closing at $23M.

Here are some of their investments in Africa:

RoundStartupLocationDateAmount Raised
Series B
VALR
South AfricaFeb 28, 2022$ 50,000,000
Series A
Yellow Card
NigeriaSep 26, 2021$ 15,000,000
Seed
Mara
KenyaMay 11, 2022$ 23,000,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000
Seed
VendEase
NigeriaMar 23, 2021$ 125,000

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Coinbase Ventures' Investment Distribution in Africa.

Coinbase Ventures' currently has Startuup investments spread across the following location(s)

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