Share this article
Coinbase Acquires Andreessen Horowitz–Backed Startup Blockspring
Blockspring, a startup that makes tools for collecting and managing data from APIs, has been acquired by Coinbase.
By Zack Seward
Updated Sep 13, 2021, 8:48 a.m. Published Jan 17, 2019, 6:05 p.m.
Make us preferred on Google
Blockspring, a startup that makes tools for collecting and managing data from APIs, has been acquired by Coinbase.
"Joining Coinbase was a no-brainer for a number [of] reasons including its commitment to establishing an open financial system and the strength of its engineering team," Blockspring announced on its blog this week.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
CoinDesk confirmed the acquisition with a Coinbase spokesperson, though the company declined to comment further.
The San Francisco-based Blockspring makes it easy to pull data from various APIs into Excel and Google Sheets. The startup had been backed by Y Combinator and a $3.4 million funding round from Andreessen Horowitz (a16z) and SV Angel in 2015.
Still with a16z at the time, Blockspring found an early advocate in current Coinbase CTO Balaji Srinivasan.
"Blockspring turns a company’s business users into an army of engineers able to quickly and easily connect spreadsheets and other applications to web services without any coding experience," said Srinivasan, according to Blockspring's 2015 funding announcement.
More recently, Blockspring had built an integration for Coinbase into its service.
Excited to share that the @Blockspring team is joining Coinbase to help build out our developer tools. They’ve built an impressive platform that connects hundreds of different APIs and we’re excited for them to continue their work here at Coinbase!
— Tim Wagner (@timallenwagner) January 16, 2019
According to the company's acquisition announcement, "Blockspring will continue to operate as an independent company and our products will continue to operate for current and new customers."
No financial terms of the deal were disclosed. Coinbase raised a whopping $300 million in October 2018, and the Blockspring deal is Coinbase's 11th acquisition, according to data from Crunchbase.
Coinbase image via Shutterstock / OpturaDesign
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
Bitcoin climbs above $89,000 as U.S. dollar tumbles on President Trump's remarks
The president said he isn't concerned about the dollar's recent declines, sending the greenback plunging even lower.
What to know:
- Bitcoin rallied above $89,000 as remarks by President Trump sent the dollar to its lowest level in nearly four years.
- Gold rose to a new record above $5,200 per ounce following the president's comments.
- One analyst is seeing a bullish technical divergence which could send bitcoin back to $95,000 in short order.
Top Stories
