Coinbase, a San Francisco-based digital currency startup, has raised $100m in Series D funding, led by venture capital firm IVP.
Spark Capital, Greylock Partners, Battery Ventures, Section 32 and Draper Associates also participated in the funding round.
The company said that it would use the fund to increase the size of its engineering and customer support teams; open a GDAX office in New York City, and invest in Toshi – a browser for the Ethereum network.
“We’re fortunate to be working with IVP, one of the premier later-stage venture capital and growth equity firms in the United States,” the company said in it press statement.
Founded in 2012, Coinbase has exchanged over $25bn of digital currency for its customers.
Other notable IVP investments include companies such as Dropbox, Netflix, Twitter, Slack, and Snap.