Coinbase Ventures
Crypto Bank Charter Firm Protego Trust Lays Off Most of Its Workforce: Source
Some employees are still in place and the firm’s operations are ready to launch, but money is a problem, said a person familiar with the situation.

Alkimiya Raises $7.2M Funding Round to Grow Cash Flow Hedging Protocol for Miners, Stakers
The funding round was led by Castle Island Ventures and 1kx. It included contributions from Circle Ventures, Coinbase Ventures and Dragonfly Capital Partners

Crypto Payments Firm Merge Raises $9.5M From Coinbase Ventures, Alameda Research and Others
Merge plans to bridge the gap between crypto and traditional finance companies with its API payments integration.

Mara CEO on Raising $23M to Spread Crypto Adoption Across Africa
Pan-African centralized crypto exchange Mara raised $23 million in a funding round led by Coinbase Ventures, Alameda Research and others to boost crypto adoption across Africa. CEO Chi Nnandi shares his insights into the raise, discussing the benefits and hurdles for crypto integration in Africa.

Mara Raises $23M From Coinbase, Alameda to Spread Crypto Adoption Across Africa
Pan-African centralized crypto exchange Mara said Wednesday it raised $23 million in a funding round led by Coinbase Ventures, Alameda Research and more. “The Hash” squad discusses the latest in Africa’s burgeoning crypto scene.

Founders Fund, Pantera Invest in DeFi Investment Bank Ondo Finance
Ondo, founded by former Goldman Sachs traders, will use the $20 million round to expand its structured products offerings.

Animoca, Coinbase Ventures Back $5M Seed Round for Metaverse Gaming Studio Block Tackle
The studio’s first release will be SkateX, where players can buy their own skateboard NFTs and vote on decisions about the game.

Web 3 Game Development Platform Joyride Raises $14M Ahead of Launch
Optimized for Unity, Joyride allows developers to build blockchain-powered esports, casual and social games on mobile devices.

African Crypto Exchange VALR Raises $50M in Series B Led by Pantera Capital
Alameda Research and Coinbase Ventures were also investors in the round, which valued the company at $240 million.

Coinbase Ventures Lead Katherine Wu Leaves for VC Firm Archetype
Wu announced her departure on Twitter after just five months at Coinbase’s venture arm.
