After Opensea and Uniswap, Coinbase Ventures Is Betting On These Crypto Projects

As per Crunchbase data, the investment arm of the largest US-based crypto exchange Coinbase, Coinbase Ventures, has so far made 329 investments. Its most recent investment was on May 18, 2023, when PYOR raised $4 million.

Founded in 2018, Coinbase Ventures has so far made 16 diversified investments. Coinbase is also currently leading the regulations fight in the US.

Coinbase Ventures funded these companies last month

ZK Link – At the beginning of May, 2023, ZK Link completed a $10M strategic funding round from Coinbase Ventures. ZK Link is a unified multi-chain trading infrastructure that aims to connect various L1 and L2 chains. Out of ZK Link’s total funding of $18.5 million to date, Coinbase Ventures contributed $10 million. The company aims to abstract away all the complexity of multi-chain trading while keeping it secure and sound.

Dolomite – A week later, Coinbase Ventures completed another $2.5M funding round. The firm invested in Dolomite – a protocol building on Arbitrum that aims to offer composable margin trading and lending. Dolomite claims to unify the DeFi ecosystem and unlock dormant capital through more integrations, partnerships, and innovative features.

Hourglass – Coinbase Ventures participated in the $4.2M seed round for Hourglass. The protocol is building a marketplace that allows for the trading of time-bound tokens (TBT), which are staked assets in DeFi protocols. With TBTs, Hourglass aims to empower protocols to incentivize long-term usage while providing their users critical flexibility and liquidity.

PYOR – The final investment of the month from Coinbase’s investment arm was part of a $4M seed round for PYOR (Power Your Own Research). PYOR aims to offer institutional grade digital assets data and insights. PYOR aims to fill the demand for effective data infrastructure of the $1 trillion market cap industry to facilitate institutional participation