Coinbase acquihires San Francisco startup Blockspring

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Click For Photo: https://techcrunch.com/wp-content/uploads/2019/01/coinbase1.jpg?w=534

Coinbase is continuing its push to suck up talent after the $8 billion-valued crypto business snapped up Blockspring, a San Francisco-based startup that enables developers to collect and process data from APIs.

The undisclosed deal was announced by Blockspring on its blog, and confirmed to TechCrunch by a Coinbase representative. Coinbase declined to comment further.

Blockspring - Serverless - Data - Business - Service

Blockspring started out as a serverless data business, but it pivoted into a service that lets companies use API data. That includes purposes such as building list and repositories for recruitment, marketing sales, reporting and more. Pricing starts from $29 per month and Blockspring claims to work with “thousands” of companies.

That startup graduated Y Combinator and, according to Crunchbase, it had raised $3.5 million from investors that include SV Angel and A16z, both of which are Coinbase investors. Those common investors are likely a key reason for the deal, which appears to be a talent acquisition. The Blockspring team will join Coinbase, but it will continue to offer its existing products “for current and new customers as they always have.”

Coinbase - No-brainer - Number - Reasons - Commitment

“Joining Coinbase was a no-brainer for a number reasons including its commitment to establishing an...

(Excerpt) Read more at: TechCrunch

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