Fenwick & West represented Coinbase , Inc., a leading digital currency wallet and platform where merchants and consumers can transact with new digital currencies, in its $300 million Series E financing. The Series E equity round was led by Tiger Global Management, with participation from Y Combinator Continuity, Wellington Management, Andreessen Horowitz, Polychain and others.
Coinbase will use the financing to accelerate global expansion, increase offerings of cryptocurrency assets, develop utility applications for cryptocurrency and bring more institutions funds into the cryptocurrency space. More information about Coinbase’s $300 million Series E financing can be obtained from the company blog post.
The Fenwick transaction team was led by corporate lawyers Faisal Rashid, Mark Stevens, Michael Brown, Jordan Roberts, Victoria Wong, Noah Driggs and Alex Knight.