Investor profile

Coinbase Ventures

CVC

USGBDESGAUOtherFintechAI/MLDeep TechDevtoolsMarketplacesOther

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Investment thesis

Coinbase Ventures is the strategic venture capital arm of Coinbase, aligned with Coinbase's core mission of creating more economic freedom for the world. The fund invests in exceptional founders building on crypto and Web3 infrastructure, with a focus on projects that advance the broader cryptoeconomy and complement Coinbase's product roadmap—including the strategic integration of AI and crypto infrastructure. As stated by the team: 'We back exceptional founders aligned with creating more economic freedom. We believe the next era of crypto innovation will be driven by scaling solutions, DeFi primitives, consumer applications, and AI-native infrastructure on blockchain.' For 2026, Coinbase Ventures has outlined four major thesis areas: (1) RWA Perpetuals—synthetic exposure to offchain assets through perpetual futures; (2) Specialized Exchanges & Trading Terminals including prediction market aggregators and professional trading infrastructure; (3) Next-Gen DeFi covering perp market composability, unsecured credit markets, and onchain privacy; and (4) AI + Robotics, including robotics data collection, proof-of-humanity solutions, and AI for smart contract development. The fund typically invests at Seed to Series A with check sizes of $500K–$10M+, and has deployed across 600+ investments spanning 420+ portfolio companies as of late 2025.

Notable quotes

We look at this as a generational opportunity to invest in crypto startups right now. And I am very excited in a lot of ways, because when these moments happen, a lot of the noise and a lot of the excess in the space gets flushed out.

Shan Aggarwal · Crunchbase News interview · 2022-11-01

AI is coming onchain. Over the past year, Coinbase Ventures has been exploring what happens when intelligent agents are no longer just chatbots, but autonomous economic actors with wallets, incentives, and verifiable behavior.

Hoolie Tejwani · LinkedIn post – Coinbase Ventures · 2025-04-01

We want to see more company formation, because we think that more companies in the space, experimenting with various business models on these crypto protocols, is going to accelerate innovation overall.

Shan Aggarwal · Crunchbase News interview · 2021-12-01

Team

Hoolie Tejwani

Senior Director, Head of Coinbase Ventures

AI/MLOther

Jonathan King

Principal, Coinbase Ventures

DevtoolsFintechOther

Ethan Oak

Investor, Coinbase Ventures

Deep TechFintechOther

Kinji Steimetz

Ventures Lead / Associate

FintechOther

Shan Aggarwal

Chief Business Officer (Executive Oversight of Ventures)

FintechOther

Recent investments

CompanyRoundSizeDate
UniswapSeed2019-01-01
OpenSeaSeed2018-01-01
Arbitrum (Offchain Labs)Series B$120m2021-08-31
EigenLayerSeries A$50m2023-03-28
OptimismSeries B$150m2022-03-17
FarcasterSeed$30m2022-07-12
Project ElevenSeries A$20m2026-01-01
ArchitectSeries A$35m2025-12-23
Zcash Open Development LabSeed$25m2026-03-26
Dune AnalyticsSeries B$69m2022-02-08

Frequent co-investors

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