Coinbase, Exchanges

Is Coinbase Ventures Part of Coinbase?

Coinbase Ventures is an independent investment firm. Coinbase, the leading digital asset exchange, announced the launch of Coinbase Ventures, an independent investment firm, on Thursday.

The new firm will focus on investing in early-stage companies that are building the infrastructure and applications for the digital economy.

“Coinbase Ventures will invest in companies that are capitalizing on the shift to a more open financial system,” said Fred Ehrsam, co-founder and managing partner of Coinbase Ventures, in a blog post. “Our focus is on investing in teams that are re-imagining how the financial system should work.”

Coinbase Ventures will invest across a wide range of industries including cryptoassets, payments, lending, identity, and marketplaces. The firm will also invest in companies that are working on new applications of blockchain technology.

NOTE: WARNING: Coinbase Ventures is not part of Coinbase. Coinbase Ventures is an independent entity from Coinbase, Inc. and is not affiliated with the company in any way. Investing in Coinbase Ventures should not be viewed as an investment in Coinbase, Inc. or its products and services.

“We’re excited to back companies that are playing a role in the development of this ecosystem,” said Ehrsam. “Our goal is to help these companies grow and thrive.”

Coinbase Ventures is led by Ehrsam and Charlie Lee, the creator of Litecoin. The firm has already made investments in several companies including Compound Labs, Dapper Labs, Dharma Protocol, and Neutrino.

“We’re excited to have Fred and Charlie leading Coinbase Ventures,” said Brian Armstrong, CEO of Coinbase. “Their experience building companies and investing in crypto assets will be invaluable as we continue to support the development of the digital economy.”

Coinbase Ventures is part of Coinbase; however they operate independently with their own investments funds.

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