Singapore Govt’s Wealth Fund Invests in Coinbase’s $300 Million Round

GIC Private Limited, the sovereign wealth fund of Singapore, was one of the investors in Coinbase’s $300 million fundraising round last year, it has now been revealed. While there were other investors in the Series E round, GIC’s participation was closely guarded until now, per Bloomberg. Other investors who took part in the fundraising round included renowned Silicon Valley venture capital firm Andreessen Horowitz. The Series E round gave Coinbase a valuation of approximately $8 billion. Newsflash: Crypto Giant Coinbase Worth $8 Billion, Will List ‘Hundreds’ of Tokens http://bit.ly/2TkdJoX — CCN.com (@CryptoCoinsNews) October 30, 2018 Funds Allocation Reveals Coinbase’s Global

The post Singapore Govt’s Wealth Fund Invests in Coinbase’s $300 Million Round appeared first on CCN

source https://www.ccn.com/singapore-wealth-fund-coinbase-300-million-investment

READ MORE http://bit.ly/2EBEsVP

from Cryptocurrency News https://ift.tt/2BYFvxq
via IFTTT