Coinbase Ventures Invests More in Startups Outside the US, Especially in India, Singapore, Australia, and the UK
Coinbase Ventures, the venture capital arm of leading cryptocurrency exchange Coinbase, is actively investing in startups outside of the US and is particularly focused on India, Singapore, Australia, and the UK. The venture capital firm announced that since its launch in 2018 it has financially backed 25 startup companies, representing strategy investments in nine countries.
Among the notable recent investments outside of the US, Coinbase Ventures invested in startups such as WazirX, an Indian cryptocurrency exchange; Ember Fund, a US-based crypto-asset management company; Uspay, a Singapore-based fintech startup; Australia-based Flint, a consumer-lending platform; and the UK-based Blockchain.com, a leading provider of cryptocurrency and blockchain services.
Coinbase Ventures has made these investments in an effort to broaden the company’s scope of operations and capitalize on other markets and industries. According to Coinbase Ventures’ VP of Business Development, Nisha Jhalan, the venture capital arm focuses “on companies that share our mission to create an open financial system; those which provide transformational products and services to our customers; and those that have the potential to fundamentally disrupt traditional markets.”
Starting in 2020, Coinbase Ventures is continuing its global expansion by targeting investments in companies across the US, Europe, Asia, Australia, and Latin America. The firm is actively looking for projects in the DeFi, NFT, gaming, web 3.0, cybersecurity, and privacy spaces.