Coinbase Ventures

RootData

2026-10-01 00:36:16

RootData: Crypto private-market funding hit $1.114 billion in September, with CeFi, DeFi and infrastructure taking 92%

RootData’s financing data shows that the crypto primary market disclosed 47 funding rounds in September, with 34 of them reporting exact amounts and total disclosed funding reaching about $1.114 billion. That was up 85.0% from roughly $602 million in August and up 9.0% from about $1.022 billion in September 2025. Deal count moved the other way, slipping to 47 from 49 in August and falling from 63 a year earlier. By sector, infrastructure recorded the most deals with 14 rounds and about $263 million disclosed. CeFi and DeFi each posted 11 rounds, with disclosed funding of about $394 million and $369 million, respectively. Together, those three segments accounted for about 92.0% of the month’s disclosed funding total. The three largest financings were Polymarket at $300 million, Félix at $200 million and Jeeves at $110 million, combining for $610 million, or about 54.8% of the monthly total. Kraken separately received a $100 million investment from Nasdaq. RootData’s figures also showed 8 RWA-related financings and 11 M&A deals disclosed during the month, while Coinbase Ventures was the most active investor with participation in 6 rounds.

760

Jeeves

2026-09-29 15:22:08

Jeeves raises $110 million in Series C led by CoinFund to expand crypto push

Miami-based fintech company Jeeves Inc. has raised $110 million from investors and plans to use the capital to widen its business footprint, according to a Bloomberg report cited by BlockBeats. The company said the funding will support several product and market expansion efforts, including the launch of a stablecoin wallet, the rollout of AI agents, and the addition of instant payments in more countries. The round was structured as a Series C financing and was led by CoinFund. Other participants included AllianceBernstein, Coinbase Ventures, and Andreessen Horowitz, also known as a16z. The funding highlights Jeeves’ plan to deepen its crypto-related offerings while also building out payment capabilities across a broader international market.

540

Raven

2026-09-29 13:11:46

Raven closes new funding round at a $90 million valuation with backing from Coinbase Ventures and CMCC Global

Crypto trading firm Raven has raised a new round of funding at a $90 million valuation, according to CNBC. The round included participation from Coinbase Ventures and CMCC Global. Co-founder Petar Kostov said Raven was founded in 2023 and focuses on providing liquidity for cryptocurrency trading. He also said the company has expanded into prediction markets since the second quarter of 2025. The announcement outlines the company’s valuation, the investors involved, its founding timeline, and the scope of its business as it moves beyond core crypto trading liquidity services.

380

CatchBack

2026-09-22 00:39:45

CatchBack raises $8 million in seed round led by Foundation Capital

Collectibles trading platform CatchBack said it has closed an $8 million seed round, with Foundation Capital leading the financing. Participants in the round included Y Combinator, Robinhood Ventures, Coinbase Ventures, and Solana Foundation. The company said the new capital will be used to build products tied to collectibles trading. The announcement was reported by ChainCatcher in a 7x24 news update.

500

a16z

2026-09-20 08:08:58

RootData says 21.75% of projects backed by five major crypto VCs are marked inactive

Discussion around shutdowns among projects backed by Andreessen Horowitz, or a16z, has intensified, but RootData’s funding data shows the firm does not have the highest inactivity rate in the sample. After deduplicating projects, RootData found that Coinbase Ventures, YZi Labs, Pantera Capital, a16z and Paradigm together covered 993 distinct portfolio companies, of which 216 were marked inactive, for a combined rate of 21.75%. By firm, Pantera Capital posted the highest inactivity rate at 24.76% with 51 inactive projects out of 206. Coinbase Ventures followed at 22.69% with 98 out of 432, while a16z stood at 20.09% with 43 out of 214. Paradigm came in at 19.49% with 23 out of 118, and YZi Labs had the lowest rate in the group at 13.56% with 32 out of 236. RootData also showed that among 148 projects led by a16z, 29 were marked inactive, equal to 19.59%. Those included Linera, which recently announced a shutdown, and Universal, which said it had entered a wind-down process. The figures suggest that even lead backing from a top-tier firm does not remove operational risk for crypto projects.

490

Universal

2026-09-19 16:58:14

Universal to Shut Down After 60-Day Wind-Down Period

Cross-chain asset protocol Universal said it will shut down, with the protocol continuing to operate normally for the next 60 days until Nov. 17, 2026. Launched two years ago, Universal built Universal Assets, or uAssets, to bring assets such as SOL, XRP and DOGE into new ecosystems, with each token backed 1:1 by the underlying asset. The protocol said it has supported more than 80 assets. The team said adoption did not reach a level that could support the project over the long term, leading to the shutdown decision. Data from tokenized asset platform RootData shows that Universal previously announced a $9 million funding round in February last year, led by a16z Crypto, with Coinbase Ventures and other investors participating.

400

Fin.com

2026-09-15 10:08:12

Fin.com raises $20 million seed round led by Expa and Garrett Camp

Stablecoin payments infrastructure company Fin.com has raised $20 million in seed funding and has now come out of stealth. The round closed in August and was led by Expa and Uber co-founder Garrett Camp, with participation from Coinbase Ventures, Tenet Fund, the founder of Figure, Mesh founder Bam Azizi, Second Sight Ventures, and sovereign wealth and royal family offices in the Gulf and Africa. Headquartered in New York, Fin.com was founded by Nabeel Alamgir and Mustafa Dar. The company provides white-label payments infrastructure for financial services firms, consumer platforms, and prediction markets, allowing businesses to convert stablecoins into funds held in local bank accounts or digital wallets while also supporting cross-border money movement. Fin.com said its tools can help prediction market users top up wallets through exchanges such as Binance and Crypto.com, and can also support cross-border business settlements for platforms. The company has not disclosed customer names or its valuation, but said its clients collectively serve more than 800 million users. Fin.com is focused on South Asia, Africa, and the Middle East, and has offices in New York, Las Vegas, Dubai, Dhaka, Bangalore, and Lahore.

640

Router Protoc

2026-09-06 18:15:55

Router Protocol to Shut Down by Sept. 30, Destroy 30% of Route Token Supply

Router Protocol, a cross-chain infrastructure project backed by Coinbase Ventures, announced it will cease all operations by Sept. 30, 2026, and permanently burn 303,333,198 ROUTE tokens from its treasury — approximately 30% of the nearly 1 billion total supply. The team cited failed commercialization, licensing, and acquisition talks, as well as capital migration from crypto to AI and declining cross-chain fees. The project raised $4.1 million in 2021 and launched a Layer 1 chain in July 2024, which was shut down in September 2025 due to infrastructure costs, validator bloat, and security risks. Two security incidents in 2025 were also disclosed: a February exploit recovered about 80% of value via negotiation, while a July chain-level breach resulted in unrecovered losses.

970