Coinapult to raise $100 million in Series B funding

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Coinapult, a San Francisco-based startup that is focused on making cryptocurrencies more accessible, has raised $100M in Series A funding led by FirstMark Venture Partners, according to a tweet from Coinapult’s co-founder, Matt Cohen.

Cohen added that the Series B financing “is an incredible opportunity for us to make a massive leap forward in the space” and adds that the team is “looking forward to partnering with many other VCs in the next several months.”

Coinapult was founded in 2015 and now has over 10,000 users and more than 500,000 cryptocurrencies traded on its platform.

The company has raised over $2.6M from venture capital firms and investors including Accel Partners, Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Sequoia Capital, and more.

The startup recently partnered with Coinbase to enable Bitcoin and other cryptocurrencies in its wallet.

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