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Coinbase acquihires San Francisco startup Blockspring
TechCrunch
| 1/17/2019
| Staff
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.
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 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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